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Income tax returns with instant acknowledgment will help avoid penalty due to delay in processing
The feature will facilitate taxpayers, who have come almost close to the deadline of filing re…
How to file the income tax return for the previous year
As per the Finance Act amendment 2016, it is possible to file the delayed IT returns any time be…
Made a mistake while filing tax returns? Here’s how to file a revised ITR
The process of revising a tax return involves making necessary updates and corrections to a previou…
ITR filing deadline is today – If you miss it, there are more consequences than just a penalty
The Income Tax Act provides provisions for offsetting and carrying forward losses. Offsetting invol…
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…
Presumptive taxation: The scheme that eases burden on small businesses
Running a small business or a professional service can often involve a single person or a few peopl…
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…
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
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…
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 …
Centre extends deadline for IT returns filing for 2019-20 to November 30
The last date for filing returns for AY 2019-20 was extended earlier till September 30, the th…
PM to launch platform to honour honest taxpayers on August 13
New Delhi, Aug 12 () Prime Minister Narendra Modi will launch a platform for honouring the country'…
PTI
6.35 cr ITRs e-filed till mid-Feb in FY20
The NMS assimilates and analyses in-house information as well as transactional data received from …
PTI
EC not in favour of state funding of elections
In a written reply, Minister of State for Finance Anurag Thakur said the ECI's view is that for add…
PTI
File your income tax return on time or pay Rs 10,000
There were two levels of penalties that were specified in this case: "A fee of five thousand rupees…
Here's what it's like to be a Golden State Warriors dancer
Hannie: Here, you can help me pack for my game today, actually. The bracelet is very important. We …