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NEW ITR FILERS
ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax noticesMiscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.- Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
- What ITR forms reveal about investing choices of Gen Z, millennialsIndia’s tax data shows a shift beyond salary-only incomes, with Gen Z and millennials increasingly reporting multiple income sources. Clear...
- CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AISThe Income Tax Department is reaching out to taxpayers and non-filers via SMS and email regarding mismatches between their reported transac...
- 66 pc taxpayers opted for new ITR filing regime in current season: CBDT chairmanThe Central Board of Direct Taxes (CBDT) chief said about 7.5 crore ITRs were filed the last time at the end of the deadline on July 31. Th...
- Indians are becoming more disciplined in filing income tax returnsDelayed tax return filings have fallen sharply in India, dropping from 60% for assessment year 2020 down to 25% for 2023, according to rese...
- I-T dept says record 6.77 cr ITRs filed for AY 2023-24 till July 31The income tax department on Monday stated that a record 6.77 crore income tax returns for the assessment year (AY)2023-24 were filed till ...
- Missed ITR filing for FY 2021-22? You may be liable for higher TDS in current FY 2023-24The Union Budget 2022 has amended the existing laws after which missing ITR for even one year can lead to higher TDS/TCS in future financia...
- New income tax portal errors resulting in reduced tax refund amounts for manyThe pre-filled data fetched on the new income tax portal is showing a mismatch with the total TDS amount mentioned in Form 26AS. Even after...
- TDS be deducted on cash withdrawals from post office schemesAs per the provisions, if aggregate cash withdrawal by an investor exceeds Rs 20 lakh but does not exceed Rs 1 crore during a financial yea...
- 6.35 crore Income Tax Returns e-filed till mid-February in FY20The ITRs of AY 2019-20 can be submitted up to March 31, 2020, and hence this number is expected to go up further. The income tax department...
- With 99.49 lakh new tax filers, income tax returns surge 26% in 2017-18Gross collections before refunds rose 13% to Rs 11.44 lakh crore. Refunds amounting to Rs 1.49 lakh crore were issued during 2017-18.
- Income Tax department fastens belt to add 1.25 crore new ITR filers this fiscalCBDT, that makes policy decisions for the I-T department, has directed the taxman to undertake "focused efforts to significantly increase t...
- I-T department activates e-filing for three more ITRsCBDT had notified the new forms on March 30 and ITRs can be filed till the stipulated deadline of July 31.
- I-T dept launches tax calculator; e-filing of few ITRs beginsThe calculator works once a filer correctly feeds his basic details and information, as notified for the current assessment year by the gov...
- Government to further simplify ITR forms, sets up committeeThe tax department had come out with simplified ITR after experts raised objections to the 14 page form which was notified earlier in the y...
- Use online tax calculator to file ITR for assessment year 2015-16With the new ITR forms being recently notified, return filers can do an easy check of their annual tax liability on a new computer-based 'c...
- E-filing of select I-T returns to begin soonThe e-filing of ITR can be done upto till August 31, the new deadline set in this regard by the government after it had dropped the earlier...
- Income tax returns: Government notifies new and simplified ITR formsThe I-T department, in the new ITRs, has also sought the Aadhaar number of filers and has also given options for providing two email ids to...
- End of paper trail in e-filing of IT returns; Aadhaar addedThe I-T Systems Directorate is also in the process of validating net banking identity as the verifier of e-filed I-T returns "very soon."
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