Page 5 of income tax return News
Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns…
Since the rebate under Section 87A is automatically calculated by the ITR utility, taxpayers had no choice but to rely…
In the union budget 2023-24, the government introduced some changes in the new tax regime, offering some incentives in the…
How to file revised ITR for AY 2024-25, Revised ITR filing last date, old tax regime: Under Section 139(5) of…
Any individual may submit an updated return, with certain exceptions, irrespective of whether they have previously filed an original, late,…
Filing a tax return on time makes one compliant with the law. This would avoid trigger of sudden notices and…
Income Tax Portal Glitches: Taxnet 2.0 facility will providing network connectivity, facility management services and video conferencing services to the…
Income Tax Portal ITR filing glitches: Will the Income Tax Department extend the due date for filing the ITR for…
ITR Due Date Extension AY 2024-25: With ITR filing deadline approaching fast, taxpayers have started urging the government to extend…
Budget 2024 expectations: Middle-class taxpayers, whose annual income is under Rs 10 lakh, are likely to get major tax benefits…
ITR Filing: Taxpayers can pay income tax using their credit cards and earn some reward points also. All major banks…
Usually, Non Resident Indians (NRIs) are exempt from filing an ITR if they have not earned any income in the…
Under Section 139(1) of the Income-tax Act, 1961, those with income below the basic exemption limit are exempt from filing…
The last date to file Income Tax Return is July 31, and but taxpayers should not wait until the last…
Ideally, your Form 16 details should match with that of ITR form because the Income Tax Department uses only the…
For a taxpayer, it is important to rectify any discrepancies between Form 16 and 26AS to ensure correct reporting of…
As per income tax rules, misreporting income is against the law and bound to attract heavy penalties. Section 270 of…
This new functionality is expected to increase transparency by displaying such information in AIS to the taxpayer. This is another…