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3 mins read

Income Tax e-filing portal: Social media users call Infosys out after Finance Ministry summons its CEO Salil Parekh

Infosys had been awarded the contract to set up the new income tax portal. Since the launch of…

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4 mins read

Home loan tax deductions: Self-occupied vs rented, the differences

Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it i…

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1 min read

Finance Ministry summons Infosys CEO over glitches in IT e-filing portal

The Ministry of Finance has summoned Infosys MD and CEO, Salil Parekh on Monday over continuing gli…

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2 mins read

Income Tax dept selects 68,000 high-value transaction cases for e-verification

CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage volu…

ANI   


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5 mins read

How to file income tax return online for salaried employees 2022-2023

If you are new to filing income tax returns online, you must know that it is a very easy process. V…

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6 mins read

Missed filing your tax returns? Here’s what you pay in late fee & penalties

Throughout the month of July 2022, the Income Tax Department has been sending reminders urging t…

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2 mins read

Opted for the new tax regime? Here are the allowances and deductions you can still avail

Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…

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3 mins read

IT department releases ITR 1 and ITR 4 offline forms ahead of time

The Indian Income Tax Department has released offline utilities for ITR Forms 1 and 4 that can be u…

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3 mins read

Incomes are either rising too slowly or falling at the lower end of the bracket

India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…

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2 mins read

Only 2 days left to link PAN with Aadhaar – Missing the deadline will lead to PAN deactivation and more

The Finance Ministry had extended the deadline to link one’s Permanent Account Number (PAN) with Aa…

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2 mins read

41% income taxpayers yet to file IT return, 10% facing tech glitches

As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to fil…

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2 mins read

New income tax filing portal will be launched on June 7 — the existing one will be suspended from June 1

The Income Tax Department will launch a new income tax filing portal on June 7.

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4 mins read

All you need to know about linking Aadhaar to PAN

You can go to the Income Tax India website and link your PAN with Aadhaar by paying a late fee of ₹…

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2 mins read

Do not forget to check form 26AS before filing your income tax return. Here’s why

If you have been paying income tax, there is something called 26AS you should be aware of. It is an…

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5 mins read

It's tax season. Here's what to do if you get a rebate.

If you do snag a rebate, what should you do with it? It's a question plenty of Americans contemplat…

Dan DeFrancesco   


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1 min read

Due date for filing income tax returns extended to March 15, 2022 for individuals whose accounts are to be audited

The government has extended the deadline to file income tax returns for assessment year 2021-22 to …

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1 min read

Income tax filing deadline for FY21 extended to December 31

The government has extended the deadline because of continuous technical glitches reported on th…

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3 mins read

The IRS's child tax credit portal 'looks like crap and it's not really usable' for low-income Americans trying to get $300 monthly federal payments

An expert tells Insider the tax-agency's non-filer portal is inconvenient and unusable. It could se…

Joseph Zeballos-Roig   


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2 mins read

Date for filing income tax returns extended to March 15, 2022

For fiscal 2019-20 i.e. AY 2020-21, limit was ₹5 crore for businesses and ₹50 lakh for profess…

PTI   


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3 mins read

With the new TDS rule, every time you make a payment, you must ask if the receiver has filed tax returns in last two years

“Suppose you are making payment to a contractor. And, when you’re getting the work executed, you’re…