What is the new deadline to submit income tax audit report for FY 2023-24 (AY 2024-25)Income tax audit deadline: The government has extended the deadline to submit tax audit report by 7 days to October 7, 2024. If you don't s...
01 Oct, 2024, 08.50 PM IST
Pending income tax refunds relating to AY 2021-22 would be processed by this date; check email for confirmationIncome tax refund: The Central Board of Direct Taxes (CBDT) has said that individuals who are still waiting to get their tax refund for FY ...
07 Mar, 2024, 10.29 AM IST
Wait for unprocessed income tax refund to get longer; deadline extended by 3 monthsIncome tax refund: Individuals who have pending income tax refund due to the fact that their income tax return (ITR) was not processed by t...
03 Feb, 2024, 03.16 PM IST
- Income tax slabs for FY 2020-21 (AY 2021-22), FY 2021-22 (AY 2022-23) FY 2022-23 (AY 2023-24) under new tax regime02 Feb, 2024, 03.55 PM IST
These individual taxpayers will get old income tax refund by January 31, 2024Income tax department has passed an order stating that individuals who had filed ITRs for AY 2018-19 (FY 2017-18), AY 2019-20 (FY 2018-19) ...
07 Dec, 2023, 10.20 AM IST
Average gross income for individual taxpayers rises 56% in 8 yearsThe Central Board of Direct Taxes (CBDT) disclosed that in the assessment year 2021-22, the average gross total income of individual taxpay...
26 Oct, 2023, 11.47 PM IST
ITR filings climb up by 90% in nine years to 6.37 cr in AY 2021-22: GovtThe income tax department reported that individual taxpayer I-T returns increased by 90% in 9 years to 6.37 crore in the 2021–2022 fiscal y...
26 Oct, 2023, 10.41 PM IST
Tax dept agrees to refund Rs 190 cr to Vedanta, Delhi HC takes noteThe income tax department has agreed to refund Vedanta Ltd with a sum of Rs 190 crore along with interest for the assessment year 2021-22. ...
05 Oct, 2023, 11.58 PM IST
What is the last date to file ITR-U?An updated income tax return (ITR-U) can be filed within 24 months from the end of the relevant assessment year, provided the deadline for ...
22 Sep, 2023, 10.39 AM IST
What is the penalty for missing ITR filing deadline?Till FY 2019-20 (AY 2020-21), an individual was allowed time till the end of the financial year, i.e., March 31 to file belated ITR by payi...
31 Jul, 2023, 04.02 PM IST
Income tax return forms for FY 2021-22: 9 changes that require additional information from taxpayersITR forms notified for FY 2021-22 do not have major changes. However, finer/additional details have been asked in the tax return forms from...
27 May, 2022, 09.57 AM IST
Net direct tax collection reaches highest-ever figure in FY 22The net direct tax collections (income tax and corporate tax) reached an all time high of Rs 14.09 lakh crore in financial year 2021-22 aga...
26 Apr, 2022, 10.51 PM IST
I-T refunds worth Rs 1.23 lakh cr issued to 1.11 cr taxpayers so far in FY22The refunds include personal income tax refunds of Rs 41,649 crore and corporate tax refunds of Rs 82,018 crore.
24 Nov, 2021, 06.26 PM IST
I-T dept enables tax audit utility form for FY'20, FY'21The last date for filing the tax audit report for the 2020-21 fiscal is January 15, 2022. For fiscal 2019-20 i.e. AY 2020-21, limit was Rs ...
27 Oct, 2021, 11.04 AM IST
CBDT issues refunds of Rs 92,961 cr to 63.23 lakh taxpayers"CBDT issues refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers from April 1, 2021 to October 18, 2021. Income tax refunds o...
21 Oct, 2021, 02.16 PM IST
ITR filing due dates extended again, to December 31, 2021This is the third such extension provided by the government this year. The government had extended the deadlines last year as well when the...
09 Sep, 2021, 08.32 PM IST
Income tax dept asks taxpayers to send online response for AY 20-21In an official statement issued on Sunday, it said that till date, 93 per cent of the refund claims in Income Tax Returns filed for assessm...
30 Aug, 2021, 05.58 PM IST