Page 6 of income tax returns

E-mails and SMS reminders are issued to taxpayers to file ITRs and pay their due taxes. (File)

Over 8.22 crore taxpayers in FY20, Nirmala Sitharaman informs Rajya Sabha

“Total number of taxpayers for AY 2020-21 is 8,22,83,407,” Sitharaman said.

March 15, 2022 17:23 IST

Have PAN Card, Aadhaar? You will have to pay Rs 1000 fine for not doing this before April 1

Fine for not linking PAN Card-Aadhaar Card: Not linking PAN and Aadhaar by March 31, 2022 may cost you Rs…

Updated: March 14, 2022 15:39 IST

Income tax refunds of over Rs 1.86 lakh crore issued so far this fiscal

CBDT issues refunds of over Rs. 1,86,677 crore to more than 2.14 crore taxpayers from 1st Apr,2021 to 07th March,2022.

March 10, 2022 19:23 IST

Private company employee? Here’s how Reimbursements, Gratuity, PF, HRA, LTA will be taxed in 2022

Private Company Employee Tax Calculation 2022: How Reimbursement, Provident Fund, Gratuity, HRA, LTA components of CTC are taxed

March 4, 2022 11:33 IST

"CBDT issues refunds of over Rs 1,83,579 crore to more than 2.09 crore taxpayers from 1st Apr, 2021 to 28th Feb, 2022," the I-T department tweeted.

Income Tax refunds of over Rs 1.83 lakh cr issued so far this fiscal

This includes 1.70 crore refunds of the 2020-21 fiscal ended March 31, 2021, amounting to Rs 34,202.31 crore.

March 2, 2022 17:28 IST

Income Tax Saving Tips for FY 2022-23: Five uncommon ways you can explore this year

Income Tax Saving 2022: If planned properly, salaried persons can a lot of money through various avenues available for tax…

Updated: March 1, 2022 15:34 IST

"CBDT issues refunds of over Rs. 1,82,995 crore to more than 2.07 crore taxpayers from 1st Apr,2021 to 21st Feb,2022," the I-T department tweeted.

I-T refunds worth about Rs 1.83 lakh cr issued to 2.07 cr taxpayers so far this fiscal

This includes 1.67 crore refunds of the 2020-21 fiscal ended March 31, 2021, amounting to Rs 33,818.97 crore.

February 24, 2022 19:34 IST

While filing ITR one must disclose income from all sources, irrespective of the amount.

Your Queries: Income Tax | Income earned from gift to wife is clubbed in husband’s income

You may declare your income from pension and capital gains in ITR 2, disclosing sale consideration, cost of acquisition and…

February 23, 2022 01:00 IST

Income Tax Return: Taxpayers can update ITRs only once in an assessment year, says official

CBDT Chairman J B Mohapatra said the intent of this provision is to help people who have genuinely missed out…

February 9, 2022 17:32 IST

Around 6.17 crore ITRs, 19 lakh audit reports filed on new I-T portal, says CBDT

The government had in January extended till March 15 the deadline for corporates to file income tax returns for the…

February 7, 2022 18:23 IST

Income Tax Return for AY 2022-2023: Avoid flat 30% tax on cryptocurrency income till now – here’s how

The new crypto tax rule would apply from Assessment Year 2023-2024. That means your income from crypto in Financial Year…

Updated: February 7, 2022 12:50 IST

income tax, income tax return, ITR, ITR filing, capital gain, long-term capital gain, LTCG, equity, equity-oriented mutual fund, MF, SIP, page 112A

Common mistakes to avoid in the last days of filing ITR

ITR filing after the due date would attract a penalty up to Rs 5000. Another drawback of not filing the…

Updated: December 31, 2021 16:29 IST

Beware! Not filing ITR for AY 2021-22 by today may prove very costly to you – here’s how

Penalty on Belated Income Tax Return for AY 2021-22: Today (December 31, 2021) is the last day to file Income…

Updated: December 31, 2021 20:01 IST

Under section 10(11) of the Income Tax Act, 1961 any payment from a provident fund to which the Provident Funds Act, 1925 applies or from any other provident fund set up by the Central Government and notified by it shall not be included in total income of a taxpayer.

About 27 lakh I-T Returns filed on December 30, total FY21 filings cross 5.36 crore: Income Tax Department

The total ITR count further increased to 5.36 crore till 9 pm with the addition of 2,58,176 more filing in…

December 30, 2021 22:45 IST

Relevantly, a purchase of an agricultural land does not entail any income and thus requires no disclosure in the ITR.

Advance tax collection rises 54% to Rs 4.60 lakh crore in FY22, says Finance Ministry

Direct tax collections for 2021-22, as on December 16, show that net collections are at Rs 9.45 lakh crore compared…

December 17, 2021 21:32 IST

Made money from Nykaa and other IPO listings? Check how much tax you need to pay

Income Tax on IPO Listing Gains: Several investors have made money from IPO listings this year.

November 22, 2021 11:05 IST

Made money from US stocks? Check rules to report it in Income Tax Return and claim credit

Income Tax on Gains from the US stocks in India: It is now possible for investors living in India to…

November 18, 2021 11:25 IST

Income Tax on Diwali, Dhanteras 2021 festival gifts: Here’s all you need to know

Income Tax on gifts received from parents, son, daughter, friends, family, relatives: Not many of us are aware that some…

Updated: October 28, 2021 10:17 IST

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Reduce import dependence on agri-commodities: PM Modi

India News4 min ago

Prime Minister Narendra Modi urged farmers to reduce their reliance on global markets and focus on achieving self-sufficiency in pulses, with the Centre aiming for a 40% increase in production. He launched the PM Dhan-Dhanya Krishi Yojana and Pulses Atmanirbharta Mission, with an allocation of Rs 11,000 crore.

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