You Searched For "income tax penalties" and got 20 results
Sort By:
2 mins read
Filing your ITR at the last minute? Don't make these mistakes
As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…
2 mins read
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 5,00,00…
2 mins read
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
3 mins read
Five things to remember as you file your ITRs at the last minute
ITR-1 form is designed for resident individuals who have income from salary, one house property, an…
4 mins read
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
3 mins read
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …
3 mins read
Wondering which ITR form is right for you? Know all about it here
It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …
2 mins read
Important dates to remember while filing your ITR this time!
13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…
1 min read
Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…
PTI
3 mins read
Have foreign assets or income? Not disclosing it may lead to heavy penalties
Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…
3 mins read
Last-minute rush: 5 things to do before March 31
March 31 is the end of the financial year and is often a busy time for accountants and bankers. Eve…
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…
4 mins read
Budget 2024: Here's what India's elderlies want
If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…
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…
3 mins read
A boomer shares how Lyft driving has been a retirement hack — supplementing his income while allowing him to draw on his Social Security without penalty
A retired Dallas Lyft driver says the gig economy has boosted his finances more than a traditional …
Jacob Zinkula
6 mins read
Are you moonlighting? Here is what to know when filing your taxes
Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…
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…
4 mins read
A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks
The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…
Cork Gaines
3 mins read
What is an updated return, who can file it and are there any penalties to pay?
It is worth noting that you can file an updated return even if you did not file the original ret…
1 min read
Three days left to link PAN with Aadhaar to avoid any penalty or other consequences
While the current financial year is about to end this week, there are a host of tax-related tasks o…