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51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data

The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.

ANI   


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ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties

You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,0…

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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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Received a tax mismatch notice from the IT department? Here is how to set it right

An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …

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3 mins read

Decoding Form 16: How do you file your taxes if you don't get Form 16?

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

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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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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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4 mins read

Looking to file taxes on your own? Here is what you need to keep in mind

It is that time of the year again – when we have to file our taxes. While we can take the services …

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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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3 mins read

ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies

To check if your employer has deducted TDS, follow these steps. First, register on the Income Tax D…

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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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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. …

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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

OPINION: These tech issues need clarity and amendments

India’s tax regime is being geared up to cover newer tech business models. However, …

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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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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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Received IT dept letter? Your solution will now be just a click away

Instead of having to make the rounds of the tax department with sheaf of papers in response to…

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Puma and Adidas to start their own e-commerce portals in India

Puma and Adidas, the sports goods makers from Germany, are seeking permission from the Indian gover…

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MCA 21 portal's new version will utilise artificial intelligence capabilities

"MCA 21 Version 3 envisages various areas such as helpdesk solution, e-consultation module, securi…

PTI   


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Can I file my taxes free with H&R Block?

H&R Block provides tax filing services via two modes namely Income Tax e-Filing by Experts…