Jun 01, 2021 11:30 AM IST
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.
- May 25, 2021 09:46 AM IST
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
- May 21, 2021 04:10 PM IST
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.
- Apr 06, 2021 07:45 AM IST
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.
- Apr 01, 2021 08:14 PM IST
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.
- Mar 16, 2021 09:09 AM IST
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.
- Feb 21, 2021 11:09 AM IST
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.
- Jan 28, 2021 08:10 AM IST
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.
- Jan 25, 2021 01:20 PM IST
Finance Minister Nirmala Sitharaman will present the Union Budget 2021 on February 1.
- Jan 24, 2021 08:51 AM IST
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.
- Jan 01, 2021 09:16 AM IST
The Jhatpat processing facility helps in new return filings through ITR1 and ITR4. But filing revised returns will not help
- Dec 30, 2020 08:35 PM IST
The income Tax return filing deadline for the assessment year 2020-21 has been extended for the third time to January 10, 2021
- Nov 03, 2020 09:34 AM IST
While filing your tax returns, entering accurate bank details and e-verifying once you are done can help avoid complications later
- Oct 20, 2020 10:09 AM IST
While claiming deductions, it is important to have proper knowledge of tax rules
- Oct 14, 2020 10:37 AM IST
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
- Oct 13, 2020 09:56 AM IST
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
- Oct 12, 2020 03:10 PM IST
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.
- Oct 07, 2020 09:01 AM IST
You need to file returns even if your income falls below the basic threshold after all deductions
- Oct 06, 2020 09:15 AM IST
Brace yourself for a tedious process while disclosing LTCG in your income tax return forms
- Sep 30, 2020 05:14 PM IST
The Centre had on July 29 extended the deadline for filing of original and revised ITRs till September 30
- Aug 17, 2020 02:37 PM IST
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.
- Aug 17, 2020 08:38 AM IST
Senior Citizens and low-income earners could attract unwanted compliance burden due to the lower threshold
- Jul 30, 2020 10:37 AM IST
The two-month extension comes as the government looks to mitigate taxpayers’ hardships amid the COVID-19 pandemic
- Jul 28, 2020 01:02 PM IST
The last date to file the income tax return for the financial year 2019-20 is November 30.
- Jul 21, 2020 09:35 AM IST
You can complete the process online or by sending the signed copy to I-T department’s centralised processing centre in Bengaluru