The due date for filing income tax returns, considered a tedious annual ritual by many, for the financial year 2021-22 is just a few days away - July 31, 2022. From getting all the documents in order to choosing the right return forms, to navigating the e-filing portal introduced last year, avoiding pitfalls and finally calculating as well as paying your dues, we have covered every detail needed to make the process smooth. Here is our detailed coverage on filing income tax returns for assessment year 2022-23 (financial year 2021-22).
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From the right form to avoiding common mistakes and tax notices, Moneycontrol’s one-stop ITR filing guide has answers to all your common queries.
You can file your income tax return on your own through the income tax department’s e-filing website, or take the help of experts like tax return preparers (TRPs), e-filing intermediaries, or chartered accountants.
The due date to file income tax return is July 31. A return can be filed after the due date, but it attracts penalties, interest and has its own limitations.
Blind belief in pre-filled details, hiding Form 16 from previous employers, and failure to declare details of property transactions, even though there is nil tax, are some of the pitfalls to avoid while filing I-T returns
The choice of income-tax return forms depends on your source of income, income level, and so on. This year, there are a few changes in the details sought and some new disclosure norms have been introduced.
Filing income tax return may not be mandatory if your income is below the basic exemption limit. But several benefits and the right to claim tax refunds are open to only those who file their income tax returns
As the due date for filing Income Tax Return (ITR) approaches, one could end up making numerous tax filing mistakes. One must be careful while filing returns as any oversight can lead to a penalty or tax notice from the Income Tax Department. Here are some common mistakes to avoid while filing income tax returns by July 31, 2022
July 31, 2022 is the last date to file income tax returns for FY22. This year, the ITR forms have a few but significant changes one needs to take note of. In this video, we take a look at the key changes and the form that will suit you best.
Continuing Moneycontrol's special series on filing income tax returns, we've answered the most frequently asked questions to help taxpayers complete the exercise on time
Tallying the information in your Form-16, bank statements and so on with Form 26AS and Annual Information Statement should be step one in your income-tax return-filing process.
Many new expenses are being reported and mismatches can be a hassle. Updated returns can be filed within 24 months of the end of an assessment year
Irrespective of the amount and whether it is taxable or exempt, make sure you disclose in your tax returns any income, windfall gains, capital gains, interest income, etc., you may have had during the financial year