ITR for UAE NRIs: Submit returns by July 31 to avoid penaltiesIndian expatriates in the UAE must file their Income Tax Returns (ITR) for the financial year 2024-25 by July 31, 2025. Recent changes incl...
25 May, 2025, 02.50 PM IST
Crorepati income tax return filers soar 5 times in 10 years; check who has to file ITRITR filing: The count of people declaring taxable earnings exceeding Rs 1 crore in their tax filings surged from 44,078 in the assessment y...
21 Oct, 2024, 12.12 PM IST
These ITR filers have only 10 days left to verify their ITRs else ITR invalidITR refund: You won't get tax refund without verifying the filled up and submitted income tax return (ITR). As per CA Twinkle Jain, "If an ...
21 Aug, 2024, 11.17 AM IST
ITR deadline extended to August 31? Beware of fake news, warns Income Tax DepartmentLatest on ITR filing last date: The Income Tax Department stated that a clipping of the news is circulating on social media, claiming that ...
23 Jul, 2024, 11.41 AM IST
Woman gets 6-month jail for not filing ITR; who has to mandatorily file income tax return, consequences of not filingWho has to file ITR: The decision was made following a complaint from the Income Tax Office (ITO), alleging that Rs. 2 lakh was deducted as...
14 Mar, 2024, 11.50 AM 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
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
What to do when you get an income tax notice for claiming higher deductions in ITRRecently many individuals have received an income tax intimation notice asking them to explain why had they claimed higher amount of deduct...
19 Sep, 2023, 12.11 PM IST
Return excess income tax refund else you may get tax noticeIt may happen that an individual has incorrectly filed his ITR by July 31, 2023 for FY 2022-23 (AY 2023-24), and the ITR got processed and ...
24 Aug, 2023, 10.17 AM IST
E-filing of updated ITR enabled for ITR 2, 3 for AYs 2020-21, 2021-22The income tax portal now allows the filing of updated ITRs (also known as ITR-U) for ITR forms 2 and 3 for the tax years 2020–21 and 2021–...
15 Jul, 2022, 03.06 PM IST
E-filing of updated ITR enabled for AY 2020-21, 2021-22: What is updated ITRWith the payment of additional taxes, the new provision enables taxpayers to make changes to errors or omissions on their ITRs within two y...
12 Jul, 2022, 04.03 PM IST
Which ITR form is applicable to you for FY 2020-21?The last date of filing an income tax return for FY 2020-21 i.e., December 31, 2021, is approaching soon. It is important that an individua...
22 Dec, 2021, 11.12 AM IST
ITR form: Who is eligible to file which tax return for FY 2019-20?The income tax return forms have been notified by the Central Board of Direct Taxes (CBDT). It is important to file your tax return using t...
12 Jan, 2021, 12.44 PM IST
ITR filing: Pre-validate your bank account to claim income tax refundThe income tax department has tweaked the process of claiming the tax refund from this year.
11 Nov, 2020, 03.07 PM IST
New ITR forms ask for year-wise PF contribution details in case of taxable withdrawalThe Income Tax Department has made changes in the ITR forms 2 and 3 applicable for FY 2017-18 to ascertain whether the PF withdrawal made b...
07 Sep, 2018, 10.58 AM IST
Lied in your tax return? You are liable, not your ITR preparer and here's how to save yourselfThousands of taxpayers file faulty tax returns. For that, the taxpayer is liable, not the ITR preparer.
27 Aug, 2018, 03.23 PM IST
Income Tax refunds to be sent to taxpayers in 7-10 daysThe department's latest initiative to verify an ITR by Aadhaar or other bank database has received positive response from ITR filers.
17 Sep, 2015, 11.08 AM IST