Page 9 - Income Tax Filing

ITR forms being revised for benefits of timeline extension, says CBDT

Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility

Contributed to PM-CARES fund from your salary? I-T notice you must know

Donations made to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund are eligible for 100 per cent deduction u/s 80G of I-T Act

Fine only for frivolous complaints

The State Commission pointed out that costs could be imposed only if the complaint was frivolous and vexatious. But DeSouza did have a genuine grievance

Six changes in tax rules that come into effect today

Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today

Budget 2020: Centre kicks off immunity scheme to settle income tax disputes

Waiver from interest and penalty if paid by March 31; estimated value of contested money over Rs 5 trillion

Filing ITR for AY 2020-21? Here're the changes you need to know

The notification of the returns followed Budget announcements making income-tax return filing mandatory for certain persons even if their income was below the taxable limit

Power bill over Rs 100,000 or owning house jointly? Can't use ITR-1 form

ITR 1-Sahaj is for individuals having an annual income of up to Rs 5 million from salaries, a house, interest income, family pension income, etc. The form will require passport details

ITR-1 form not for those paying Rs 100K in power bill, owning house jointly

The government, which usually notifies forms for filing income tax returns by individuals in April every year, on January 3 notified tax return forms for assessment year 2020-21

CBDT extends all I-T returns filing deadline for J&K, Ladakh to January 31

The CBDT order also said the returns filed by taxpayers, post the earlier set deadline of November 30, will also be considered valid

Haven't received your tax refund yet? Validate your bank account first

This year onwards, tax department is only issuing e-refunds directly into the bank

ITR 2019-20: A simple step-by-step guide to filing your income-tax return

Good news is that the income-tax department has extended the last date for filing ITR from July 31 to August 31, 2019

Deal firmly with those who try to evade taxes: FM Sitharaman to taxmen

The minister asked three investigating wings of the revenue department to share information among themselves to nab evaders

All 7 ITR forms released for e-filing, salaried to provide pay break-up

This time, the ITR-1 form seeks an assessee's details in separate fields such as allowances not exempt, profit in lieu of salary and value of prerequisites among others