Page 6 of ITR

Tax burden on a minority: ITR filing has improved, but how long can less than 3% support the rest?

The direct tax-to-GDP ratio increased from 5.62% in 2013-14 to 6% in 2022-23.

April 2, 2024 04:30 IST

Income Tax Calendar 2024: Know these important tax-related dates

Adhering to tax deadlines plays a pivotal role in avoiding penalties, interest charges, and ensuring smooth income tax return (ITR)…

January 3, 2024 11:37 IST

Record 8.18 cr ITRs filed for AY 2023-24 till Dec 31: Income Tax Dept

It is heartening to note that a large number of taxpayers did their due diligence by comparing data of their…

January 1, 2024 20:47 IST

Income Tax Returns for FY 2022-23 deadline ends today! Here’s your guide on how to file belated ITR

Section 234F imposes a penalty of ₹5,000 or ₹1,000 for small taxpayers, and Section 234A incurs a monthly penal interest…

December 31, 2023 15:02 IST

income tax, itr, itr filing, income tax 2023, tax, how to file itr, file itr easy, itr filing, itr for, income tax forms

Filing belated ITR for FY 2022-23 (AY 2023-24): Know all about ITR Form 1, 2 and other key eligibility criteria

But for those filing ITR 4, they’ll have to use Form 10-IEA to choose not to be a part of…

Updated: December 26, 2023 15:45 IST

Income Tax Return: How money received via Will or Inheritance from abroad is taxed in India

A taxpayer acquiring foreign assets by way of inheritance would be required to furnish the details of the same in…

Updated: November 21, 2023 15:42 IST

Form 10/10BB rule change: Details of donors giving above Rs 50,000 and their relatives required

Form No. 10B/ 10BB is the audit report required to be furnished in case a taxpayer is a fund or…

Updated: October 19, 2023 12:38 IST

how long should you keep old tax records

I am a senior citizen holding Income Tax records for 40 years. Am I supposed to keep them forever?

How long should your keep old ITR records: ITR filers should retain their records/documents for up to 10 years from…

Updated: September 19, 2023 10:40 IST

Advance Tax payment rules for salaried employees, senior citizens, NRIs, professionals: Key points

Advance Tax Payment Rules 2023: Every individual, including salaried employees, is required to pay advance tax if his/her tax liability…

Updated: September 15, 2023 11:32 IST

ITR processing time reduced to 10 days but your Income Tax Refund may be stuck. Here’s why

The average ITR processing time for returns filed for AY 2023-24 has been reduced to 10 days compared to 82…

Updated: September 6, 2023 10:16 IST

Received Income Tax Refund or intimation? You can still file revised ITR to rectify mistakes – Know how

Revised Income Tax Return: every taxpayer (including belated ITR) is allowed to file the revised ITR under Section 139(5) if…

August 19, 2023 11:37 IST

Claimed HRA in ITR below Rs 1 lakh to evade PAN submission? You can get an Income Tax Notice

Income Tax Notice news AY 2023-24: Salaried employees can get a notice for making fake HRA claim.

August 16, 2023 13:16 IST

Lux Industries, Income Tax Department, raid, searches, tax evasion, material impact

7 types of Income Tax Notice ITR filers may receive for AY 2023-24

Income Tax Notice Types for AY 2023-24: If you have filed Income Tax Return for AY 2023-24, you may receive…

Updated: August 17, 2023 15:09 IST

New Tax Regime gains traction as ITR filers make a notable shift in AY 2023-24: Report

ITR filing trends 2023: There has been a notable shift in taxpayer preference, with 15% of individuals choosing the New…

August 7, 2023 11:30 IST

ICICI Lombard gets GST demand notice of over Rs 5.66 crore

Salaried employees are getting income tax notices. Here’s how to respond

How salaried employees can respond to Income Tax Notice: Experts say salary individuals should ensure sending a timely response to…

Updated: August 7, 2023 11:52 IST

ITR Filing Last Date AY 2023-24: Missed Income Tax Return Due Date? Here’s What You Can Do Now

Income Tax Return Last Date AY 2023-24: Filing ITR is a responsible financial practice that contributes to the smooth functioning…

August 6, 2023 13:25 IST

ITR filing record: Before last date, 53 lakh new taxpayers filed Income Tax Return for AY 2023-24

ITR filing AY 2023-24: Before the last date to file ITR without any penalty, more than 53 lakh new taxpayers…

August 2, 2023 09:50 IST

Belated ITR Filing AY 2023-24: Last Date, Fees, Penalty for Late Income Tax Return FY 2022-23

Belated Income Tax Return Filing AY 2023-24: If you have failed to file your ITR for AY 2023-24 by July…

Updated: August 1, 2023 11:15 IST

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