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ITR not processed by income tax department? Here's what you can doIf your income tax return is not processed by the tax department within the stipulated time period, then you can raise a grievance for the ...21 Jun, 2023, 01.27 PM IST- Now ITR filing mandatory if your TDS, TCS is Rs 25,000 or more in a financial yearThe 7th proviso to Section 139 was inserted by the Finance Act, 2019, which provided for certain criteria which mandated the filing of inco...19 Jun, 2023, 04.02 PM IST
- How to pre-validate bank account to receive income tax refundThe income tax department had previously announced that from March 1, 2019, it will issue only e-refunds. These tax refunds will be credite...19 Jun, 2023, 11.51 AM IST
- Earned capital gains? You must cross-check your AIS before filing ITRThe Annual Information Statement or AIS is the statement containing details of the financial transactions undertaken last year. The stateme...28 Jul, 2022, 02.52 PM IST
- These allowances will be taxable if bills are not submitted by youThere are various allowances that are received by an individual for performing official duty. However, these allowances can become taxable ...28 Jul, 2022, 09.05 AM IST
- TDS on crypto, virtual digital asset is not applicable in these situationsEffective from July 1, 2022, TDS will be applicable at the time of transfer of virtual digital assets, crypto and NFTs. The TDS will be app...01 Jul, 2022, 08.00 AM IST
- Tax on EPF, NPS, Superannuation fund: Here's all you need to know about itEmployer contributions to retirement funds such as Employees Provident Fund (EPF), National Pension System (NPS), or any other superannuati...23 Mar, 2022, 02.51 PM IST
- You must get loan for affordable housing before March 31 to get this tax breakInterest paid up to a total of Rs 3.5 lakh can be claimed as a deduction from gross total income of the borrower thereby reducing his/her t...23 Feb, 2022, 10.03 AM IST
- New income tax portal to be launched today: Faster income tax refund, other features and benefitsThe new portal will be available on the new hyperlink. The new e-filing portal is aimed at providing taxpayer convenience and a modern, sea...10 Jun, 2021, 07.39 PM IST
- Max time for processing your ITR, tax refunds now 9 months vs 1 year earlierEffectively this means that if an individual files ITR for FY 2019-20 by July 31, 2020, then the income tax department has time till March ...01 Feb, 2021, 08.39 PM IST
- How to change bank, personal details in ITR after filing itAfter uploading ITR, if you want to make changes in, say, your bank account, address etc., you can update them through 'Change ITR Form Par...07 Jan, 2021, 07.37 PM IST
- New TDS, TCS rates from May 14 on fixed deposits, dividends and other non-salaried paymentsThe government has lowered the TDS and TCS rates by 25% on non-salaried payments effective from May 14, 2020, till March 31, 2021. The deci...14 Dec, 2020, 05.29 PM IST
- New tax regime doesn't allow LTC cash voucher tax benefit: ExpertsAs per existing income tax law, an employee can claim tax-exempt payment of LTA/LTC (if provided by employer) equal to the fare of domestic...17 Oct, 2020, 10.04 AM IST
- Budget 2020 should cut tax outgo by changing sec 80c, family pension lawsDeduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures u...23 Jan, 2020, 02.36 PM IST
- CBDT notifies TDS certificate to be issued by individuals deducting tax on payments to contractorsAccording to the CBDT notification, an individual is required to deposit the tax deducted within 30 days from the end of the month in which...22 Nov, 2019, 12.49 PM IST
- PAN-Aadhaar linking deadline extended to December 31Earlier, the deadline to PAN with Aadhaar was September 30, 2019.30 Sep, 2019, 01.05 PM IST
- Income tax return form-2 in Java format released for e-filing for FY2017-18ITR-2 can be filed by individuals and Hindu Undivided families having income from any sources except income from profits and gains of busin...16 May, 2018, 11.12 AM IST
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