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2 mins read

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…

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2 mins read

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…

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3 mins read

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…

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4 mins read

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…

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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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5 mins read

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…

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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

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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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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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

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…

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2 mins read

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   


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1 min read

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   


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1 min read

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   


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1 min read

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…

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7 mins read

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 …

Dilan Garcia Lopez