A late filing fee, interest for delays in payment, penalty for under-reporting income and prosecution for non-compliance are some of the punishments handed by the tax department
ITR 1: Get detailed information on ITR 1 Form. Click here & Learn more about ITR 1 form in India, including the instructions to fill the form, how to download the form & how to file ITR-1 form offline & online.
You must get into action earlier, to ensure that all the details are correctly captured in the return forms
A taxpayer’s foreign income is charged to tax in India if he is a resident in India
ITR Filing for Salaried Employees: Here's a guide on how to file ITR, checklist, importance and steps to follow for e-filing for Salaried individual.
ITR Filing Eligibility: Here's everything about who is eligible for filing returns and the importance of filing returns. Visit the link to know more about it at Moneycontrol.
ITR Filing Basics: Income Tax Return is a balance of all the taxes you are eligible to pay and all the taxes you have paid by the end of the financial year. Click to know more about it.
ITR e-Filing verification is a declaration by the taxpayer that the information provided by the individual is correct. Click to know the methods of ITR Verification.
Efiling: Here is everything you need to know about income tax india efiling including how to file ITR Online to importance & types of efiling income tax at Moneycontrol.
E-filing Income Tax Returns: To file your ITR, you've to first register yourself on the e-filing website. To know the further steps on how to register for e-filing income tax, click the link above.
ITR Documents: While Filing your ITR, you need to have all the required documents in place. Find the list of necessary documents required for filing ITR at Moneycontrol.
To make sure that your ITR has been accepted & processed by the Income Tax department you need to check your Income Tax return status. Click here to learn how to check your Tax Return Status online at Moneycontrol.
The annual value of a house property is the amount of rent which it is reasonably expected to earn
Any mis-reporting or non-compliance could lead to punitive consequences
this is the first assessment year when you would be calculating the LTCG on equity investments
As the deadline to file the tax return is fast approaching, taxpayers must take note of these provisions to avoid late filing fees and penal consequences.
The process has become almost entirely electronic. You must use the correct forms and report the exact details of income as well as deductions