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Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limitITR Filing: The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. The latest circular has re...
Income Tax Rule Change: Relief for companies, trusts and others for claiming benefit of lower tax, tax audit and others with new condonation of delay rulesIncome tax relief: The income tax department has released new rules for granting condonation of delay requests in filing specified forms. T...
Easier to claim tax refund in delayed ITR: CBDT doubles the limit for tax refund jurisdiction of commissioners for condonation of delayIncome tax refund: The Ministry of Finance has almost doubled the tax refund limit for accepting or rejecting condonation of delay requests...
Can you claim income tax refund for previous years even after revised ITR deadline is over? Difficult but possibleclaim income tax refund: An individual can claim income tax refund while filing their income tax return. However, it may happen that the ta...
E-verification of ITR: Penalty, consequences for not verifying income tax return before 30-day deadlineITR e-verification: Starting August 1, 2022, the Income Tax Department has shortened the deadline for e-verification or hard copy submissio...
ITR e-verification: How to e-verify ITR, timelimit, other important FAQsThe ITR is deemed invalid or will not be regarded as filed if the assessee does not validate it within the allotted period. e-Verification ...
Missing ITR verification deadline can cost you Rs 5000 despite filing ITR on timeThe Central Board of Direct Taxes, via a notification in July 2022, reduced the time limit for ITR verification from 120 days earlier to 30...
Forgot to verify your income tax return? Here is what you can doVerification of income tax return is the last step to complete the process of ITR filing. ITR must be verified within 30 days of submission...
Kerala announces maternity leave of 60 days for female students above 18 years"Girl students above 18 years of age can get a maximum of 60 days of maternity leave. The required attendance percentage for female student...
University in Kerala grants 'menstruation benefit' for female studentsAn autonomous university, CUSAT has over 8000 students in various streams and more than half of them are girls. "Having considered the requ...
What happens if you don't e-verify ITR on timeAs a return filed without verification is considered invalid, it will amount to the return not being filed, and the consequences of delay i...
Forgot to verify your income tax return? Here's helpAn ITR filed but not verified is treated as an invalid return by the department. It would mean that you have not filed the ITR for a partic...
IRDAI allows extra time to pay life insurance renewal premium due to COVID 19IRDAI has asked insurance firms to allow additional 30 days for paying life insurance policies' premium.
December 31 is the last date to verify your ITR. Have you done it?According to income tax laws, a taxpayer gets 120 days from the date of filing an income tax return (ITR) to verify his/her tax return. The...
Railways can't get away with poor serviceThe railways was directed by a district forum to pay compensation to the passenger for being deficient, but the railways decided to contest...
Electricity Appellate Tribunal rejects Adani Power plea on condoning delayThe application was filed requesting that the tribunal condone the "delay of 481 days" in filing the appeal that challenges certain finding...
- HCs get back power to hear late I-T appeals
The amendments brought in the Finance Bill has empowered the Income-Tax (I-T) department to file about 12,000 appeals involving several tho...