Tag: ITR

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Income Tax Return for AY 2020-21: How to prepare for filing...

In case you are engaged in business or profession, please verify whether you are eligible to opt for presumptive taxation scheme based...

Finance

Here’s step by step guide to verify ITR at your nearest...

With just seven days remaining for you to file your income tax returns (ITR), you must not wait till the last moment. Early and timely...

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From ITR to PAN-Aadhaar linking: Tax-related tasks to complete...

Here’s a list of some of the tasks which need to be performed by taxpayers before March 31

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ITR e-verification: Do this to e-verify your Income Tax...

Aadhaar card is a very useful document and can be used for almost everywhere as photo identity or getting your KYC done. But do you...

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ITR not processed yet? Here's how you can resolve your...

If you are waiting for the income tax refund and not yet received it, there could be an outstanding tax demand from the income tax...

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In case of double taxation, you can get DTAA benefit

There will be no income tax implications in India on the transfer of funds from your NRO account to your brother’s NRO account

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10 income tax changes announced in Budget taxpayers should...

Finance Minister Nirmala Sitharaman did not announce big changes in income tax rules in Budget 2021 But she announced many changes...

Finance

Here's what to do if you haven’t received your tax refund...

The tax department tweeted on 23 December that it has refunded over ₹1,50,863 crore to more than 11.8 million taxpayers between 1...

Finance

COVID-19 relief to taxpayers: TDS, TCS rates reduced by...

To provide more funds at the disposal of the taxpayers in these difficult times, the TDS & TCS rates have been reduced by 25 per cent...

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ITR FY2019-20 deadline extended, but here's why you should...

It is to the taxpayer's benefit that the filing is not left to the last day of the extended period as waiting till the last minute...

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Income Tax Return filing: Tax changes to keep in mind while...

The ITR forms notified carry some significant changes. Taxpayers should bear in mind these changes while filing their ITR for AY 2020-21.

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Taxpayers may have to pay interests on outstanding income...

The government on Saturday extended deadlines for furnishing various ITRs and audit reports as a relief to taxpayers from Covid-19...

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Two new Tax Deduction Introduce in FY 2019-20 which you...

The economic impact of the 2020 coronavirus pandemic in India has been largely disruptive. The lockdown though necessary has led to...

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Income Tax Return 2020: How to e-file ITR in easy steps...

Today, taxpayers can file income tax returns via three modes – offline, online and software. Although this simplifies the process,...

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Omissions of ITR can lead to penal action

One must be very careful in reporting foreign assets or income in ITR An RNOR is also not required to report foreign assets and related...

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Big relief for Income Tax payers! CBDT makes new announcement

Know the difference between revised ITR and Belated ITR.

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Filing Late Income Tax Return (ITR): Here are the outcome

The taxpayer is liable to pay simple interest at 1% per month or part of a month for delay in filing the return of income.

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Tax Alert! The last date to verify your pending ITRs is...

Important Tax Alert! The last date to verify your pending ITRs is 30th September 2020. It's mandatory to get the return verified within...

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You may have to file ITR even if your income is below taxable...

If you made certain spends beyond specified limits, you’ll need to file ITR for FY20 even if your income was zero

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