Page 12 - Income Tax Returns

No change in income tax return forms, only utility software updated: CBDT

The policy-making body of the Income Tax Department issued a statement saying the updating process of these forms' utility software does not hamper the filing of returns

12 documents you need to file your income tax return this year

From Form 16 to tax saving investment proofs, a list of documents you need to have by your side while filing ITR

Modi received income tax refunds at least five times in 18 years, Rahul six

This is based on the online 'refund status' service provided by the Tax Information Network of the Income Tax Department, managed by NSDL e-Governance Infrastructure Ltd

File your I-T return on time or you may end up in jail like this jeweller

It is mandatory for all registered taxpayers to file income tax returns every year, except for those who are over 80 years of age and do not have any source of income from a business or profession

I-T to check mismatch between ITR and service tax returns by businesses

The revenue department has asked tax officials to scrutinise the mismatch in turnover towards services between income tax returns and service tax returns by businesses during 2015-16 and 2016-17.

Investors in unlisted firms can't file ITR-1, ITR-4 forms, says CBDT

CBDT has widened the reporting requirements in most categories, including ITR-1 or Sahaj, which is for the salaried class with income up to Rs 50 lakh

Last day to file delayed income tax return for FY18: A step-by-step guide

Taxpayers can use the income tax department's online portal to file their returns from the comfort of their home. Here's a step-by-step guide to file your income tax returns for FY18

I-T, GST offices open on March 30, 31 to facilitate filing of tax returns

GST collections in the current financial year till February totalled Rs 10.70 trillion

Filing of income-tax returns slowed in demonetisation year, show CBDT data

If we look at the data for individual taxpayers, who form more than 95% of all taxpayers

Not filing your income tax returns on time? You could be prosecuted

If you have not filed your returns, and there's a notice, ensure that you respond to the notice in time. Failure to respond to the notice can have consequences

CBDT extends deadline for filing ITR, audit report for FY18 till Oct 31

The assessees filing their return of income within the extended due date shall be liable for levy of interest

More than 52.9 mn ITRs filed by taxpayers as deadline ends today

As filing will go on till the midnight of Aug 31 and few more ITRs are expected from Kerala residents (for whom the deadline has been extended till Sept 15), the figures are expected to rise further

Reporting intra-day trading losses could reduce your tax liability

You can claim your losses by filing an ITR-3 only and not an ITR-4

Haven't filed I-T return yet? You could be losing out on these 10 benefits

Not only citizens with income above basic exemption limit, those with income below it are also advised to file ITR on time

A step-by-step guide to help salaried employees file I-T returns online

The e-filing is an easy process and requires just the basic understanding of the portal. Here is a step-by-step guide to file ITR

Planning to file your ITR? Here are 9 key tips for first-time taxpayers

You must understand that filing income-tax returns can be quick and smooth as long as these key aspects are taken into consideration

CBDT has brought new income-tax return form: Is it sahaj or sugam anymore?

New ITR forms indirectly force small businesses to maintain books of accounts, something that wasn't needed earlier

Income tax returns: How to avoid being labelled a tax evader; 10 points

The income-tax department on Wednesday warned salaried-class taxpayers against using illegal means while filing their returns, stating that violators would be prosecuted

Central Board of Direct Taxes releases simplified ITR forms for FY19

Also, the new ITR forms will continue to be filed electronically

Proportion of return filers at lower levels of income declining

Number of individuals reporting an annual income of more than Rs 10 lakh has risen by 21%