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.
"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!
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.
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,
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 Expectations of salaried: It is expected that the benefit of standard deduction should also be available to taxpayers opting for the new tax regime.
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
"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
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.
Form ITR 1, popularly known as Sahaj, is used by a majority of tax payers for filing their income tax return. Here is a look at who can file this form and who can't.
Budget 2021 Income Tax Return Expectations: In what may help avoid cancellation of VISA applications, the Institute of Chartered Accountants of India (ICAI) has suggested inserting details of exempt i
Union Budget 2021-22 Expectations for NPS tax relief: From April 1, 2019, the Central Government has increased its NPS contribution to 14 per cent of salary, while the employees continue to contribute
Payments made by any person aggre-gating to Rs 1 lakh or more in cash or Rs 10 lakh or more by any other mode, against bills raised in respect of one or more credit cards issued to that person, in a f
To help taxpayers and make the ITR filing experience smooth, the Income Tax Department has issued revised instructions for filing ITR forms for A.Y. 2020-21.
However, if any immovable property is received as a capital asset from any person other than a relative, without any consideration, and stamp duty value exceeds Rs 50,000, then such a transaction is l
With about three weeks left before the due date of filing ITR gets over on December 31, 2020, unless the issue is resolved quickly or the due date is extended further, many taxpayers may miss the dead
The Modi government has belatedly taken measures to streamline the tax administration system, which is a much-needed, welcome move. However, much needs to be done.
Issuing a set of FAQs on 'Vivad Se Vishwas' scheme, the Central Board of Direct Taxes (CBDT) also said the scheme cannot be availed in a case where proceedings are pending before Income Tax Settlement
EPF is an excellent tool for salaried to accumulate funds for their retirement. Let us discuss the income tax implications of EPF contributions and withdrawals.