Taxpayers alert! You will now pay 70% additional tax if filing updated tax return after… Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late… 11 months agoFebruary 2, 2025
Viral post exposes tax gap: Tea seller pays Rs 11.5 lakh less in tax than a salaried employee on Rs 72 lakh income The tea stall generates Rs 6,00,000 a month, yet only a fraction of this is subjected to tax. A substantial… 11 months ago
No way to declare exempt gift in ITR Under the Income Tax Act, gifts received from specified relatives—such as parents, siblings, or spouses—are fully exempt from tax, irrespective… 12 months agoJanuary 19, 2025
Belated ITR Filing 2024-25: Don’t miss this new deadline! Check penalty, steps to file belated tax return Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns… 12 months ago
Early bird ITR filer in the dock Since the rebate under Section 87A is automatically calculated by the ITR utility, taxpayers had no choice but to rely… 1 year agoOctober 4, 2024
Senior citizens with an annual income of Rs 10 lakh: Which income tax regime will help you save more? In the union budget 2023-24, the government introduced some changes in the new tax regime, offering some incentives in the… 1 year ago
How to file Revised ITR for AY 2024-25? Check steps, eligibility, charges and last date How to file revised ITR for AY 2024-25, Revised ITR filing last date, old tax regime: Under Section 139(5) of… 1 year agoJuly 31, 2024
ITR Filing: What is Updated Return? Who is not eligible to file an updated return? Check late fees, penalty Any individual may submit an updated return, with certain exceptions, irrespective of whether they have previously filed an original, late,… 1 year ago
ITR Filing: Top 10 benefits of filing income tax return on time even when not compulsory Filing a tax return on time makes one compliant with the law. This would avoid trigger of sudden notices and… 1 year ago
Income Tax Portal Glitches: CBDT goes for revamping digital infra with Taxnet 2.0! How this will help taxpayers Income Tax Portal Glitches: Taxnet 2.0 facility will providing network connectivity, facility management services and video conferencing services to the… 1 year ago
Income Tax Portal Glitches: Govt to extend ITR filing due date to August 31? Here’s what reports suggest Income Tax Portal ITR filing glitches: Will the Income Tax Department extend the due date for filing the ITR for… 1 year ago
ITR Due Date Extension AY 2024-25: Will income tax return filing deadline be extended beyond July 31? ITR Due Date Extension AY 2024-25: With ITR filing deadline approaching fast, taxpayers have started urging the government to extend… 1 year ago
Budget 2024 Expectations: Big tax breaks likely for individuals earning up to Rs 10 lakh annually Budget 2024 expectations: Middle-class taxpayers, whose annual income is under Rs 10 lakh, are likely to get major tax benefits… 1 year ago
ITR Filing: How to pay income tax with credit card and earn reward points too! ITR Filing: Taxpayers can pay income tax using their credit cards and earn some reward points also. All major banks… 1 year ago
Do NRIs need to file ITR if there is no income in India? Usually, Non Resident Indians (NRIs) are exempt from filing an ITR if they have not earned any income in the… 1 year ago
ITR Filing: What is ‘NIL’ tax return and when should you file one? Under Section 139(1) of the Income-tax Act, 1961, those with income below the basic exemption limit are exempt from filing… 2 years ago
Income Tax Return: Filing wrong ITR form may cost you dearly – 5 key changes you must know The last date to file Income Tax Return is July 31, and but taxpayers should not wait until the last… 2 years ago
Income Tax Return 2024: What should you do if your Form 16 details don’t match with prefilled ITR form? Ideally, your Form 16 details should match with that of ITR form because the Income Tax Department uses only the… 2 years ago
Income tax return filing 2025 deadline: Making wrong claims or hiding income in ITR may cost you heavy penalties
