Income Tax
Budget 2021 Expectation: More time needed for buying affordable house to avail tax benefit
Union Budget 2021 Expectations for Income Tax: Additional tax benefit of Rs 1.5 lakh is available u/s 80EEA of the Income Tax Act along with the original deduction of up to Rs 2 lakh on home loan inte
Don’t have taxable income? You still need to file income tax return in these cases
Let's take a look at the categories of individuals who are mandatorily required to file income tax returns irrespective of their income threshold.
Income Tax returns filing deadline approaching: Over 5.08 crore ITRs for 2019-20 filed till January 5
Returns in ITR-1 Sahaj are filed by individuals whose total income does not exceed Rs 50 lakh, while form ITR-4 Sugam is meant for individuals, Hindu Undivided Families (HUFs) and firms (other than Li
Not filing ITR of your own? You may not get income tax refund
The Income Tax Department wants people to file ITRs of their own and have taken steps to reduce the dependency on intermediaries.
Budget 2021 Expectations: Should common taxpayer expect major rationalization in income tax slabs and rates?
Budget 2021: The FM could announce certain savings schemes or bond issuance like tax-free bonds to raise resources to fund such government expenditure.
Smart Investing: How to use equity rally for tax harvesting
Book gains as price/NAV moves up, and buy the same share/MF scheme. It creates a higher acquisition cost for your ultimate taxation, when you sell the investment after an adequate period of holding
Over 5 crore ITRs for 2019-20 filed till January 4
Over 2.7 crore ITR-1 have been filed till January 4, lower than 3.09 crore filed till September 4, 2019.
Income Tax Return: Missing Jan 10 due date would straightway attract double late fee
To ensure that assesses file their income tax return (ITR) on time, the provision of late fee up to Rs 10,000 was introduced in the Union Budget 2017.
Over 4.84 crore Income Tax Returns for 2019-20 filed till December 31
An analysis of the data showed that filing of tax returns by individuals for 2019-20 has slowed in the current year, while filing by businesses and trusts have increased.
Income Tax Return: Over 4.73 cr ITRs filed till December 30 for 2019-20
Over 4.73 crore income tax returns (ITRs) for fiscal 2019-20 have been filed till December 30, amid the government extending the deadline for filing ITR till January 10 for individuals. Earlier, the d
Still waiting for your income tax refund? Just filing ITR is not enough to get it
In case you haven't got the last year's income tax refund amount yet, check if the bank account, which you had selected to get the refund, is prevalidated or not.
Deadlines extended for filing GST, declaration under Vivad Se Vishwas scheme and Income Tax returns
On the indirect tax compliance, the government has extended the date for filing annual returns under GST for financial year 2019-20 to February 28 from the previous deadline of December 31.
Extension of ITR Filing Last Date! One can file income tax return for FY 2019-20 by this date
Direct Tax professionals had urged the FM to extend the last date for filing tax audit report, income tax returns for audit cases.
Income Tax Return: Over 4.54 cr ITRs filed for fiscal 2019-20 till December 29
In the comparable period last year, 4.77 crore income tax returns were filed. At the close of deadline for filing ITRs without payment of late fees for fiscal 2018-19 (assessment year (AY) 2019-20), o
Should you file income tax return if your income is not taxable?
If a person is also required to file his/her return of income if the income does not exceed the taxable limit? Find out.
Income Tax Return Filing AY 2020-21 Latest Updates: Govt extends ITR filing deadline
Income Tax Return Filing AY 2020-21 Latest Updates: The Income Tax Department said that more than 4.54 crore income tax returns for fiscal 2019-20 (Assessment Year 2020-21) were filed till December 29
Around 4.37 cr ITRs for FY20 filed till December 28
The due date has been extended from July 31?and October 31, 2020, respectively in view of the COVID-19 pandemic.
ITR filing made easy with Jhatpat Processing – Here’s all you need to know
As the deadline for filing ITR for the Financial Year 2019-20 is drawing closer, the Income Tax Department has come up with the 'Jhatpat Processing' feature.
Over 4.23 cr ITRs for fiscal 2019-20 filed till December 27
"More than 4.23 crore Income Tax Returns for AY 2020-21 have already been filed till 27th of December, 2020. Have you filed yours? If not filed as yet, don't wait. File your #ITR for AY 2020-21 TODAY!
ITR filing for AY 2020-21: Filing your income tax return? Avoid these mistakes
Filing your income tax return? Let’s dig deep into the common errors committed and see how you can keep them at bay.
ITR Due Date: Over 4.15 crore Income Tax Returns for FY2019-20 filed till December 26
The deadline to file ITR by individual taxpayers for FY2019-20 ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021.
3.97 crore I-T Returns filed for 2019-20 fiscal till Dec 24
The deadline to file I-T returns by individual taxpayers for the 2019-20 fiscal (AY 2020-21) ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31,
Extend Income Tax Return filing last date for audit cases and AGM time frame: Professionals urge Sitharaman
Last date for filing tax audit report, income tax returns for audit cases should be extended, Direct Tax professionals have urged Finance Minister Nirmala Sithraman.
Budget 2021: Will benefit of standard deduction be extended to taxpayers under the new tax regime?
Budget 2021 Expectations of salaried: It is expected that the benefit of standard deduction should also be available to taxpayers opting for the new tax regime.
Your queries: No need to file ITR if gross total income below basic exemption limit
Individual taxpayers are required to file tax returns compulsorily, before the due date, if their gross total income of the financial year, as computed in accordance with the provisions of the law, su
Income Tax Return: 3.75 cr ITRs filed for 2019-20 fiscal till December 21
"Do you know that 3.75 crore taxpayers have already filed their Income Tax Returns for AY 2020-21 till 21st December, 2020? Have you filed yours yet? If not, File NOW!," the Income Tax department twee
Income Tax Return: Whether to show pending salary, contributions in ITR or not
Once the salary is actually received, the employer's contribution to NPS is also treated as received, even if it is not deposited into the NPS account.
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