Articles for Tax Form

Submission Of Form-67 Is Not Mandatory For Availing Foreign Tax Credit: Delhi ITAT
6 months ago

Submission Of Form-67 Is Not Mandatory For Availing Foreign Tax Credit: Delhi ITAT

Live Law  

The Delhi Bench of Income Tax Appellate Tribunal has held that submission of Form-67 is not mandatory for availing foreign tax credit.The bench of Sudhir Pareek and S. Rifaur Rahman has observed that filing Form-67 is a procedural or directory requirement and is not a mandatory requirement. The Delhi Bench of Income Tax Appellate Tribunal has held that submission of …

Tax Credit Income Foreign Filed Form Itr
ITR calendar 2024: Important dates and deadlines you must not miss
7 months, 3 weeks ago

ITR calendar 2024: Important dates and deadlines you must not miss

Hindustan Times  

The month of May is an important one as far as ITR calendar is concerned as it has a number of important deadlines that have to be met by those on whom these are applicable. Here's a thorough guide to the key dates you'll want to note down in your calendar for May 2024, ensuring you're well-prepared to manage your …

Tax Statement 2024 Form Pan Itr Deadline
How freelancers can prepare for changing tax requirements
9 months ago

How freelancers can prepare for changing tax requirements

Associated Press  

NEW YORK — Workers across different industries are increasingly receiving some or all of their income via apps. If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year. For the current tax year, freelancers and small business owners still only …

Change Tax Income Form Irs Paypal Reporting
CBDT Condones Delay In Filing Of Form No. 10-IC For Assessment Year 2021-22
1 year, 2 months ago

CBDT Condones Delay In Filing Of Form No. 10-IC For Assessment Year 2021-22

Live Law  

The Central Board of Direct Taxes has notified the condonation of delay under section 119 of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22.Form 10-IC is required to be filed only if a Domestic Company chooses to pay tax at concessional rate of 22% under Section 115BAA of the Income Tax Act, 1961.The Board …

Board Tax Income Form Filing Circular Cbdt
How NRIs can lower TDS on income generated from India?
1 year, 9 months ago

How NRIs can lower TDS on income generated from India?

Live Mint  

For income generated in India, non-resident Indians are required to file income tax returns. However, the provisions of the Income Tax Act provides certain relaxations or relief for the NRI being subjected to deduction of part or whole of the TDS as discussed below: Application for Lower Deduction by the Tax Deductee/ Payee As aforementioned, there could be certain instances …

India Tax Income Tax Application Income Interest Income Capital Gains
CBDT issues Income Tax return forms for the fiscal year 2022-23
1 year, 10 months ago

CBDT issues Income Tax return forms for the fiscal year 2022-23

India TV News  

ITR Form 2022-23: The Central Board of Direct Taxes has issued Income Tax return forms for individuals, Hindu Undivided Families, businesses, and others for the fiscal year 2022-23. The early notification of ITR forms for this year would provide sufficient time for all stakeholders, including the e-filing portal, third-party software companies, taxpayers, and tax professionals, to prepare their returns early. …

India Tax Taxes Income Tax Income Form Itr
One income tax form to rule them all: Centre’s proposal to simplify filing returns explained
2 years, 1 month ago

One income tax form to rule them all: Centre’s proposal to simplify filing returns explained

Firstpost  

According to the finance ministry, the proposed form will be user-friendly with income from digital assets listed under a separate head. The CBDT, under the finance ministry, said that ITR-1 and 4 would continue, but individuals would also have the option to file returns of income in the common ITR form. Sujit Bangar, Ex-IRS officer and founder of Taxbuddy.com told …

Income Digital Assets Returns Forms Cbdt Taxpayers Schedules
ITR: Are you a salaried employee? You should use this form for income tax return
2 years, 4 months ago

ITR: Are you a salaried employee? You should use this form for income tax return

Hindustan Times  

Have you filed your income tax returns yet? The Narendra Modi has said it is not considering extending the last date for filing income tax returns, i.e July 31. The income tax department on Monday said more than three crore returns have been filed through the e-filing portal till date for the financial year 2021-22. In the last fiscal year, …

Tax Income Form File Itr Return This Form
Income tax return filing: Here’s how to e-file your Sahaj form in few steps
2 years, 5 months ago

Income tax return filing: Here’s how to e-file your Sahaj form in few steps

Live Mint  

About seven income tax return forms are available for various categories of taxpayers to file before the due date of a financial year. Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return. In case you have already filled the Income Tax Return and it is pending for submission, click Resume Filing. And secondly, …

Tax Income Form File Return Select Click
Income Tax filing: How to download ITR forms
2 years, 6 months ago

Income Tax filing: How to download ITR forms

India Today  

The Central Board of Direct Taxes has issued a notification for forms required for Income Tax Return filing. Taxpayers can download ITR forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, and ITR-6. You can download ITR 2 form https://www.incometaxindia.gov.in/forms/income-tax%20rules/2022/itr2_english.pdf ITR 3 ITR-3 is filed by people having income as profits from business or profession. Download ITR 3 form at https://www.incometaxindia.gov.in/forms/income-tax%20rules/2022/itr3_english.pdf …

Tax Income Download Form Itr Forms Rs 50 Lakh
Income Tax return: New ITR forms explained
2 years, 8 months ago

Income Tax return: New ITR forms explained

India Today  

Income taxpayers must take note that new ITR forms have been notified by the finance ministry for the Assessent Year 2022-23. The ITR forms seek additional information with regard to overseas retirement benefits and interest accrual on provident fund deposits exceeding Rs 2.5 lakh a year. "For individuals being a resident having total income upto Rs.50 lakh, having Income from …

Tax Fund Lakh Form Itr Individuals Forms
Income Tax Return or ITR forms for AY 2021-22 issued. Details here
3 years, 8 months ago

Income Tax Return or ITR forms for AY 2021-22 issued. Details here

Live Mint  

The Central Board of Direct Taxation has notified new income tax return forms — ITR-1 to ITR-7 — for the assessment year 2021-22, the ministry of finance said in a release on 1 April. "Keeping in view the ongoing COVID-19 crisis and to facilitate the taxpayers, no significant change have been made to the ITR forms in comparison to the …

Tax Income File Cbdt Taxpayers Sahaj Itr Forms
Income Tax Refund: Govt Not Considering Modifications in ITR Form, Say Sources
4 years, 4 months ago

Income Tax Refund: Govt Not Considering Modifications in ITR Form, Say Sources

News 18  

Taxpayers will not have to mention their high-value transactions in their income tax return and the government is not considering any modification in the form, according to sources. Any expansion in reporting under the statement of financial transactions will mean that such reporting of high-value transactions to the income tax department will be done by financial institutions, the sources said. …

Tax Income Form Pan Sources Transactions Sft