More Income Tax News

  • 5 reasons why you may receive notice from the income tax department

    ITR Filing: 5 Common Mistakes That Can Draw Income Tax Notice

    Sarabjeet Kaur | August 01, 2020 9:35 IST

    The Central Board of Direct Taxes(CBDT) has again extended the deadline for filing of Income Tax Return FY 2018-2019.This no doubt has given some relaxation for taxpayers to file ITR. However, at times it may happen that we make a mistake while filing our ITR at the last minute. Here are common mistakes you should avoid while filing for your Income Tax Returns.

  • FY'19 income tax return filing deadline extended till September 30

    FY'19 income tax return filing deadline extended till September 30

    PTI | July 29, 2020 23:54 IST

    The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30.

  • Income Tax filing, CBDT, Form 26AS

    Income Tax Return: New and improved Form 26AS from this year. Check details

    India TV Business Desk | July 19, 2020 11:57 IST

    CBDT on Saturday informed that from this Assessment Year (2020-20201), taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers' financial transactions as specified Statement of Financial Transactions (SFTs) in various categories.

  • ITR: How to claim tax deduction benefit on health insurance

    ITR: How to claim tax deduction benefit on health insurance under section 80D

    Sarabjeet Kaur | July 14, 2020 13:28 IST

    Medical emergency is something which can occur anytime, anywhere and to anyone without giving a warning sign. So, experts suggest taking health insurance is the best option to secure yourself from any future emergencies. Taking health insurance also provides tax benefits as one can get tax deductions while under section 80D.

  • ITR Filing FY 19-20: Key dates and things to remember

    ITR Filing FY 19-20: Key dates and things to remember

    India TV Business Desk | July 08, 2020 22:18 IST

    ITR Filing: The last date for Income Tax Return (ITR) filing for AY 2020-21 has been extended by the Income Tax Department. It will be applicable for filing of ITR for the financial year 2019-20. Here're the important things you need to know about Income Tax Return filing.

  • Income Tax Department amends TDS form, makes it more comprehensive

    Income Tax Department amends TDS form, makes it more comprehensive

    PTI | July 05, 2020 17:17 IST

    The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax.

  • ITR filing last date

    Income Tax Department extends ITR filing deadline for FY 2019-20 to November 30

    India TV News Desk | July 04, 2020 12:31 IST

    Understanding & keeping in mind the times that we are in, we have further extended deadlines. Now, filing of ITR for FY 2019-20 is extended to 30th Nov, 2020, the Income Tax Department said on Saturday.

  • IT-Return: CBDT issues Income Tax Return forms 1 to 7 for FY 2019-20. Details here

    ITR: CBDT issues Income Tax Return forms 1 to 7 for FY 2019-20. Details here

    India TV Business Desk | May 31, 2020 10:33 IST

    ITR for AY 2020-21: The Central Board of Direct Taxes (CBDT) has today notified Income Tax Return forms 1 to 7 for the Financial Year 2019-20 (Assessment Year 2020-21). The new notification announces rule changes in the Income Tax Rules 2020.

  • Nirmala sitharaman press conference 4 pm economic package likely tax paying middle class

    Economic package likely to include tax-paying middle class

    India TV Business Desk | May 13, 2020 11:06 IST

    The Rs 20 lakh crore package announced by Prime Minister Narendra Modi may have something for the tax-paying middle class as well, Finance Minister Nirmala Sitharaman indicated in her tweet.