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  • Income tax returns: ITR website unavailable from today; new site launch on June 7 Jun 01, 2021 11:30 AM IST

    Income tax returns: ITR website unavailable from today; new site launch on June 7

    The Income Tax Department will launch a new ITR e-filing portal for taxpayers, that can be used to file routine ITRs and perform other tax-related works, early next month.

  • New e-filing portal from today: Here's how it would benefit income-tax payers May 25, 2021 09:46 AM IST

    New e-filing portal from today: Here's how it would benefit income-tax payers

    While processing income-tax returns and refunds faster, the new portal will also provide multiple options such as net banking, UPI, credit card and RTGS/NEFT from any account of the taxpayer in any bank for payment of taxes

  • COVID-19 | Income Tax Filing: Deadline extensions by CBDT may provide relief, say experts May 21, 2021 04:10 PM IST

    COVID-19 | Income Tax Filing: Deadline extensions by CBDT may provide relief, say experts

    Income Tax Return: For all categories of taxpayers, the last date for filing belated returns under Section 139 has now been set to January 31, 2022.

  • New income tax return forms for AY2021-22 notified; here are a few changes that matter Apr 06, 2021 07:45 AM IST

    New income tax return forms for AY2021-22 notified; here are a few changes that matter

    The Income tax department has notified all the ITR forms (ITR-1 to ITR-7) for AY2021-22, however utilities for only ITR-1 and ITR-4 are available so far. Here’s what this means.

  • CBDT notifies new income tax return forms for AY 2021-22 Apr 01, 2021 08:14 PM IST

    CBDT notifies new income tax return forms for AY 2021-22

    Keeping in view the ongoing COVID-19 crisis and to facilitate the taxpayers, no significant change have been made to the ITR forms, the CBDT said.

  • Income Tax Rules: 5 new rules set to come in force from April 1; know all about them Mar 16, 2021 09:09 AM IST

    Income Tax Rules: 5 new rules set to come in force from April 1; know all about them

    Senior citizens of the age 75 and above with income from pension and interest from fixed deposit in the same bank would be exempted from filing ITR from April 1, according to the new rules.

  • Missed ITR verification deadline? Check how to file condonation of delay request after 120 days Feb 21, 2021 11:09 AM IST

    Missed ITR verification deadline? Check how to file condonation of delay request after 120 days

    Did you miss the 120-day ITR verification deadline? See how a condonation request can help you save the trouble of filing ITR all over again.

  • Budget 2021: How COVID-19 pandemic has stretched Income Tax Return last date since Budget 2020 Jan 28, 2021 08:10 AM IST

    Budget 2021: How COVID-19 pandemic has stretched Income Tax Return last date since Budget 2020

    Amid coronavirus pandemic, the Income Tax (I-T) department had extended the return filing deadline three times. The July 31 due date was extended till November 30 in May 2020. Later it was again extended till December 31.

  • Budget 2021: How relevant is Income Tax Act, 1961 today? Jan 25, 2021 01:20 PM IST

    Budget 2021: How relevant is Income Tax Act, 1961 today?

    Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1.

  • Budget 2021: Why PAN card is important to file income tax Jan 24, 2021 08:51 AM IST

    Budget 2021: Why PAN card is important to file income tax

    The main objective of PAN card to use a universal identification key to track financial transactions that might have a taxable component to prevent tax evasion. The PAN number remains unaffected by change of address throughout India.

  • Avoid filing revised income tax returns for faster processing under the Jhatpat scheme Jan 01, 2021 09:16 AM IST

    Avoid filing revised income tax returns for faster processing under the Jhatpat scheme

    The Jhatpat processing facility helps in new return filings through ITR1 and ITR4. But filing revised returns will not help

  • Tax return filing deadlines extended: Complete the process quickly to save on interest and penalty Dec 30, 2020 08:35 PM IST

    Tax return filing deadlines extended: Complete the process quickly to save on interest and penalty

    The income Tax return filing deadline for the assessment year 2020-21 has been extended for the third time to January 10, 2021

  • The dos and don’ts of income-tax return filing Nov 03, 2020 09:34 AM IST

    The dos and don’ts of income-tax return filing

    While filing your tax returns, entering accurate bank details and e-verifying once you are done can help avoid complications later

  • Income Tax mistakes: Avoid these errors while filing returns or you may get a notice Oct 20, 2020 10:09 AM IST

    Income Tax mistakes: Avoid these errors while filing returns or you may get a notice

    While claiming deductions, it is important to have proper knowledge of tax rules

  • Use the correct ITR form or else your tax returns would be invalid Oct 14, 2020 10:37 AM IST

    Use the correct ITR form or else your tax returns would be invalid

    Seven ITR forms are available for you to file returns. Complete disclosure of your income is not enough. Make sure you use the correct form, too

  • Missed claiming tax deductions in investment declarations? Do it while filing returns Oct 13, 2020 09:56 AM IST

    Missed claiming tax deductions in investment declarations? Do it while filing returns

    So long as you make your tax-saving investments or incur certain expenses within March 31 (July 31 this year), you are still allowed tax deductions

  • ITR 2019-20: Here's why it is necessary to file income tax return before November 30 deadline Oct 12, 2020 03:10 PM IST

    ITR 2019-20: Here's why it is necessary to file income tax return before November 30 deadline

    The Centre had on July 29, extended the deadline for filing of original and revised ITRs till September 30. The two-month extension – the third such given for FY21 – comes as the government looks to mitigate taxpayers’ hardships amid the coronavirus pandemic.

  • Why you need to file returns even if your employer deducts full taxes Oct 07, 2020 09:01 AM IST

    Why you need to file returns even if your employer deducts full taxes

    You need to file returns even if your income falls below the basic threshold after all deductions

  • Confused over scrip-wise disclosure of gains in tax returns? Here’s help Oct 06, 2020 09:15 AM IST

    Confused over scrip-wise disclosure of gains in tax returns? Here’s help

    Brace yourself for a tedious process while disclosing LTCG in your income tax return forms

  • ITR filing: Deadline to file income tax return for AY20 extended to November 30 Sep 30, 2020 05:14 PM IST

    ITR filing: Deadline to file income tax return for AY20 extended to November 30

    The Centre had on July 29 extended the deadline for filing of original and revised ITRs till September 30

  • No plan to modify ITR forms, taxpayers won't have to cite high-value transactions Aug 17, 2020 02:37 PM IST

    No plan to modify ITR forms, taxpayers won't have to cite high-value transactions

    The I-T Department currently receives information like cash deposit/withdrawal from saving bank accounts, sale/purchase of immovable property, credit card payments, purchase of shares, debentures, foreign currency, mutual funds, among others.

  • How the new form 26AS makes your tax-filing and compliance burden heavier Aug 17, 2020 08:38 AM IST

    How the new form 26AS makes your tax-filing and compliance burden heavier

    Senior Citizens and low-income earners could attract unwanted compliance burden due to the lower threshold

  • Income Tax Returns date for AY 2019-20 extended: CBDT gives breather to taxpayers amid COVID-19 pandemic Jul 30, 2020 10:37 AM IST

    Income Tax Returns date for AY 2019-20 extended: CBDT gives breather to taxpayers amid COVID-19 pandemic

    The two-month extension comes as the government looks to mitigate taxpayers’ hardships amid the COVID-19 pandemic

  • Income Tax Return: Check fine for late filing and misreporting income Jul 28, 2020 01:02 PM IST

    Income Tax Return: Check fine for late filing and misreporting income

    The last date to file the income tax return for the financial year 2019-20 is November 30.

  • Failed to verify your e-returns in the past? You can do so by September 30 Jul 21, 2020 09:35 AM IST

    Failed to verify your e-returns in the past? You can do so by September 30

    You can complete the process online or by sending the signed copy to I-T department’s centralised processing centre in Bengaluru

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