• 

  Tax Reforms: How the middle-class taxpayers can benefit from new system

  August 15, 2020 12:49 IST

  Prime Minister Narendra Modi last Thursday unveiled faceless tax assessment and appeals to reduce the scope for corruption and overreach by officials, signalling a major reform in the income tax system in the country. Here's an expert view on how the new tax reforms will help the middle-class.

• 

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

  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.

• 

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

  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.

• 

  Income Tax Return filing due date for FY 2019-20 extended by govt. Check details here

  Business | May 13, 2020 17:56 IST

  In the announcement of the economic relief package, Finance Minister Nirmala Sitharaman said that the due date for Income Tax Returns for the year 2019-2020 is now being extended by the Centre.

• 

  Income Tax Return: Settling The Old vs New Tax Regime debate

  Business | February 05, 2020 15:52 IST

  Finance Minister Nirmala Sitharaman announced a new simplified tax regime for personal taxpayers. The rates under the new tax regime have the option for HUFs to pay their taxes as per the new rules with no exemptions and reduced tax rates. The new tax rates proposed by the ministry of finance are aimed at boosting the Indian economy.

• 

  ITR forms out in advance, seek foreign travel, passport details

  Business | January 06, 2020 7:23 IST

  The CBDT has issued two forms-ITR-1 and ITR-4 for the AY 2020-21. There are two major changes in the ITR Forms on house property.

• 

  Missed filing ITR? Here's what you MUST do

  Business | September 02, 2019 13:47 IST

  ITR Filing Deadline: August 31 was the last date to file income tax return. On the deadline day, the Income Tax department witnessed a record number of ITR (Income Tax Returns) filed. In a single day, a record number of more than 49 lakh ITRs filed. A record number of 49,29,121 ITRs were filed on August 31.

• 

  ITR filing: Record break collection for I-T Department, Over 49 lakh tax returns filed in single day

  Business | September 01, 2019 18:48 IST

  On the last date of filing ITR, the Income Tax Department made history with a quantum jump in the e-filing of Income–Tax Returns (ITRs). On August 31, the deadline set by the I-T department to file ITR received an all-time high record of 49,29,121 ITRs filed in a single day.

• 

  ITR Filing Deadline: These are the penalties if you haven't file Income Tax returns

  Business | September 01, 2019 0:25 IST

  August 31 was the last day to file Income tax returns. Those who miss the deadline may face financial penalties. On filing ITR after August 31, the income tax department may levy a penalty of upto Rs Rs 10,000. However, if the income of any taxpayer is below taxable limit then they will not have to pay any fine if they file ITR after the deadline.

• 

  ITR Filing Deadline: Countdown begins! ONLY 5 days left to file Income Tax Return and avoid penalty

  Business | August 26, 2019 14:29 IST

  ITR Filing 2019: The last day for filing Income Tax Return (ITR) for the assessment year 2019-20 (the financial year 2018-19) is August 31. To avoid penalties, taxpayers need to ensure to file income tax return before the last day of filing. Only four days are left to file income tax return (ITR) and it is mandatory for taxpayer to file ITR within a pre-determined due date.

• 

  Filing ITR online? Income Tax issues alert about this fraud; says, DON'T do this

  Business | August 22, 2019 13:35 IST

  ITR Filing 2019 Deadline: August 31 is the last day for filing Income Tax Return (ITR) for the Assessment Year 2019-20 (the Financial Year 2018-19). If you are a taxpayer and are or will file your income tax return then here is an important advisory issued by the Income Tax department.

Advertisement
• 

  ITR Filing: Warning! 5 most common mistakes one should avoid during filing Income Tax Return

  Fyi | July 26, 2019 16:26 IST

  ITR Filing 2019: August 31 is the last day for filing Income Tax Return (ITR) for the assessment year 2019-20 (the financial year 2018-19). One can file ITR online through income tax's e-filing ITR website. However, it is common for individuals to makes mistakes while filing ITR online.

• 

  ITR filing: File Income Tax return before last date and avoid these consequences

  Business | July 15, 2019 21:49 IST

  July 31 is the last day for filing Income Tax Return (ITR) for the assessment year 2019-20 (the financial year 2018-19). This year, certain sections of ITR forms will be pre-filled as notified by the Income Tax Department. If you have not filed your ITR this year, do it before the deadline or you will have to face these consequences.

• 

  ITR Filing: Income Tax department will now pre-fill your salary, TDS details on ITR-1. All you need to know

  Fyi | June 28, 2019 15:09 IST

  The Income Tax department has now simplified the process of filing the ITR. In what comes as a convenience to the taxpayers, the IT department will now pre-fill important details like your salary and TDS. In case of any discrepancies with the details on the form, the taxpayers can also manually edit the details. Read on to know other important details.

• 

  CBDT directs I-T dept to share assets, accounts info of loan defaulters with banks

  Business | June 26, 2019 15:00 IST

  The CBDT has directed the Income-Tax Department to share in "public interest" details of assets and accounts of all such loan defaulters against whom a public sector bank has made a plea to it. 

• 

  Five things you must read before filing income tax return for AY 2019-20

  July 06, 2019 18:04 IST

  The Indian tax authorities recently issued the notification that various income tax return forms for Assessment Year 2019-20 (AY 2019-20) i.e. Financial Year 2018-19 (FY 2018-19) are now available on the income tax e-filing website.

• 

  How to link Aadhaar with PAN card. Know steps, deadline

  March 27, 2019 13:13 IST

  In case the name provided on your Aadhaar is different than that on your PAN card, you will not be able to complete the linking process.

• 

  Linkage of PAN with Aadhaar is mandatory for filing Income Tax return: SC

  Business | February 06, 2019 16:14 IST

  The apex court on September 26 last year had declared the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions including its linking with bank accounts, mobile phones and school admissions.

• 

  ITR deadline: What happens if you don't file income tax return today

  Business | August 31, 2018 10:02 IST

  According to recent changes in penalty slab by CBDT, non-filing of ITR before the due date from this assessment year would lead to a penalty of Rs 1,000, 5,000 and Rs 10,000.

• 

  Deadline to file Income Tax Returns extended by one month to August 31 for 'certain categories'

  India | July 26, 2018 19:12 IST

  “Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘Due Date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers,” tweeted Ministry of Finance.