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ITR FILING NEWS
Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
Do mutual fund and fixed deposit investors need to file ITR if interest income is below Rs 2 lakh?Homemakers earning under Rs 2 lakh from fixed deposits and mutual funds may not need to file ITR legally, but voluntary nil return filing h...
ITR-5 and ITR-7 forms enabled for online filing: Who should file these income tax forms? What are their deadlines?The Income Tax Department has activated online filing for ITR-5 and ITR-7 forms, pre-filled with data, on its official website. ITR-5 and I...
ITR filing last date FY 24-25: Has income tax return filing deadline been further extended to September 30, 2025?Income Tax Return Filing Due Date News: A notice circulating online on Sunday added more confusion to it, as it was referring to a press re...
ITR filing deadline extension: Why hopes for an extension of the last date to file ITR are fadingLast date to file ITR: The tax department has been receiving requests from Chartered accountant associations to address these issues prompt...
Filing a nil ITR: 6 unexpected benefits from getting a travel visa, loan, scholarship and moreBenefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niy...
14% taxpayers won’t be able to meet ITR filing deadline of July 31, 2023: SurveyThe deadline to file income tax return (ITR) for individuals without audit is July 31, 2023 for FY 2022-23 (AY 2023-24). However a survey h...
Will ITR filing deadline for FY 2021-22 be extended? Here's what tax experts have to sayWith the taxpayers complaining about issues with the new e-filing portal this year as well, are there any chances of the income tax departm...
Who has to file ITR? Check these 9 pointsWho has to file ITR? Check these 9 points
Not filing ITR? Brace up for these 5 outcomesNot filing ITR? Brace up for these 5 outcomes
Pay 25% to 50% penalty to update your income tax return upto 2 years later, says Budget 2022Currently, an individual gets time till December 31 (unless extended by the government) to update their ITR to provide a correct picture of...
How to file ITR: Step by Step guideAn individual must file his/her tax return before the deadline, or else he/she will be liable to pay late filing fees of Rs 5,000. Further,...
Penalty you will pay for missing ITR filing deadline and who won't have to payIf you file your income tax return after the expiry of the deadline, then a penalty will be levied of up to Rs 10,000. However, there are e...
Belated, revised ITR deadline extended to June 30, 2020The government has also the extended deadline for PAN-Aadhaar linking from March 31, 2020, to June 30, 2020.
No change in ITR forms, only utility software updated: CBDTCBDT issued a statement saying the updating process of these forms' utility software does not hamper the filing of returns, the deadline fo...
ITR filing: Use this last day checklist and avoid penaltyThe deadline to file your income tax return is today and if you file after today, you will have to pay a late fee, also make sure you repor...
ITR filing for FY 2017-18: Here's a step-by-step guideIf you are someone who files your ITR on your own and need a little handholding to sail through the process, look no further. Here you will...
Here's your last minute ITR filing checklistMake sure you file your tax return using the correct form applicable according to your income, using the wrong one would make your return d...
6 things you must know while e-filing ITRThe e-filing website of the income tax department has undergone various changes. Here are the six changes you will see on the ITR filing we...