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RECTIFY TAX RETURN
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
Zerodha’s Nithin Kamath flags ULIP, endowment traps; says health policies remain complexNithin Kamath highlights persistent personal finance blunders by Indians, particularly the continued uptake of ULIPs and endowment plans de...
ETMarkets Smart Talk | ‘India at crypto inflection point; investor base could double every 2–3 years’: Vikaas M Sachdeva of BitDelta IndiaIndia's crypto ecosystem is at a pivotal turning point with accelerating adoption across retail and institutional segments. Driven by Gen Z...
Did you make a mistake in filing ITR in a hurry on September 16? Here's how to correct itTaxpayers who filed Income Tax Returns with errors have options. If the ITR isn't e-verified, it can be discarded and refiled. After e-veri...
What is revised ITR, how to file, late date to do itA mistake made at the time of filing original ITR can be corrected by filing a revised ITR. Section 139(5) of the Income-tax Act,1961 state...
What is a defective income tax return (ITR), how to correct itA taxpayer will get a notice pertaining to his/her return being classified as defective due to many possible reasons like PAN name mismatch...
You may end up getting income tax notice if this document is filled with errorIn November 2021, the income tax department has launched the AIS. It may happen that you have forgotten to check it before filing ITR. What...
Businesses can now claim input tax credit for 2021-22The government has notified an amendment to the central goods and services tax Act to provide for additional time for claiming input tax cr...
CBDT notifies ITR-U for AY21 & AY22The Central Board of Direct Taxes (CBDT) notified forms for updated returns for those taxpayers who missed to report correct particulars of...
Error in AIS on tax portal? Flag issue, file returnThe Annual Information Statement (AIS), which was introduced last year, has details of the tax deducted at source, information on property ...
Now get two year window for refiling income tax returnCurrently, an individual gets time only till 31 December 31 of the relevant assessment year to file a revised ITR.
I-T dept enables tax audit utility form for FY'20, FY'21The last date for filing the tax audit report for the 2020-21 fiscal is January 15, 2022. For fiscal 2019-20 i.e. AY 2020-21, limit was Rs ...
How to get errors in your Form 26AS correctedAn incorrect entry especially with regards to PAN or an amount in the Form 26AS may lead to unnecessary delays in filing the ITR.
ITR Filing: Do you have to report payments bank account held with Paytm, Airtel?As per the existing ITR forms, you should report all your bank accounts except dormant ones, any interest income earned from these should b...
Mistakes in filing income tax returns that may get you a tax noticeEven a small mistake can land you in trouble with the tax department. You could end up getting penalised or even be served a tax notice.
Government relaxes norms for rectification of returns under GSTGovt has given opportunity to businesses to claim tax credit correctly by rectifying the mistakes made initially while computing GST liabil...
How to rectify income tax returnsIf you realise that some income was not reported, or some deduction was not availed of in the return computation, it is possible to file re...
How to rectify your income tax return onlineA taxpayer can rectify his income tax return online if there is an apparent mistake in the return already filed.
- Deadline for e-filing of corporate returns extended
The e-filing deadline has been extended from October 31 to November 30, 2006