Searched for
NEWS ABOUT ITR
Who has to get their accounts audited before filing ITRThe Income Tax Act, 1961 has mandated certain taxpayers to get their books of accounts audited and submit a tax audit report by September 3...- Despite being NRI you will be taxed as Indian resident if your income in India is above this; Know what else NRIs need to watch out while filing ITRITR for Non-resident Indians (NRIs): While filing income tax return (ITR) NRIs need to keep a close watch whether deemed residency status h...
- 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...
- If you missed filing updated ITR by March 31, can you go to jail?ITR-U: The deadline to file updated income tax return (ITR-U) for FY 2020-21 (AY 2021-22) was March 31, 2024. However there is no need to w...
- March 31 is the last date to file ITR-U for AY 2021-22; If you miss, be ready to pay up to 200% of the income tax evadedIncome tax updated return: March 31, 2024 is the last date to file an updated income tax return (ITR-U) for AY 2021-22 (FY 2020-21). Do not...
- Can you switch tax regime from previous/ last year when filing belated ITR?If an individual is having income from business or profession for FY 2022-23 (AY 2023-24) and want to opt for or opt out of the new tax reg...
- What is a Nil ITR? Check out who is eligible for it and the benefits of filing a Nil ITRIf your income is below the basic exemption, then you need not file an income tax return. Despite this if you voluntarily file your ITR, it...
- What is the last date to file ITR-U?An updated income tax return (ITR-U) can be filed within 24 months from the end of the relevant assessment year, provided the deadline for ...
- How long does it take for the tax dept to process income tax return (ITR)ITR filing: Although income tax return (ITR) filing deadline for individuals has passed since quite a while, there are still may ITRs which...
- What is the penalty for not getting income tax audit done when mandatory?An income tax audit report has to be mandatorily uploaded on the income tax return (ITR) portal by September 30 for those who are required ...
- 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 ...
- Six income tax notices a salaried individual can getAn income tax notice is an official communication from the income tax department. It is not a cause of worry if an individual reads the not...
- How to pay the penalty before filing a belated income tax return (ITR)Missed the ITR deadline of July 31, 2023 and have a net taxable income above Rs 5 lakh for FY 2022-23 (AY 2023-24)? Pay Rs 5,000 as penalty...
- How to file belated ITR online for FY 2022-23 (AY 2023-24)?If an individual has missed the deadline of July 31, 2023 to file their income tax return (ITR) for FY 2022-23, then he/she may still file ...
- When is the last date to file a belated ITR?Now that the deadline for income tax return (ITR) filing is over, you can only file a belated ITR by paying a penalty and interest on the i...
- Who can and cannot file income tax return using ITR-1 for FY 2022-23?Not everybody can file ITR-1 (Sahaj) especially if they have any income from capital gains or income from cryptocurrencies or virtual digit...
- 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...
- Why you should file ITR even if your income is less than Rs 5 lakhIf you have an net taxable income below Rs 5 lakh, then you are eligible for income tax rebate u/s 87A which will essentially make your tax...
- How to use income tax department's co-browsing feature for getting free ITR filing supportAre you willing to file your income tax return (ITR) by your own virtue? Then you may want to use co-browsing feature of the income tax dep...
- ITR filing: Not linking PAN with Aadhaar can cost you Rs 6,000Now that the deadline for PAN Aadhaar linking is over, your PAN card will be tagged as in-operative. So to make it operative again it takes...
Load More
