Income Tax Returns
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Income Tax Filing FY19-20: I-T department extends ITR filing deadline till Nov 30
Income Tax | Sep 30, 2020, 06:02 PM ISTITR Filing: The last date for Income Tax Return (ITR) filing for 2019-20 has been extended by two months till November 30 by the Income Tax Department on Wednesday.
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Taxpayers not required to disclose high-value transactions in ITR
Income Tax | Aug 17, 2020, 05:49 PM ISTOnly third parties would report high-value transactions to the I-T department as per the Income Tax Act. Such information would be used to identify people who are not paying up due taxes, and not for examining affairs of honest taxpayers.
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ITR: How to claim tax deduction benefit on health insurance under section 80D
Income Tax | Jul 14, 2020, 01:28 PM ISTMedical 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.
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ITR Filing FY 19-20: Key dates and things to remember
Income Tax | Jul 08, 2020, 10:18 PM ISTITR 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.
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Income Tax Department extends ITR filing deadline for FY 2019-20 to November 30
Income Tax | Jul 04, 2020, 12:31 PM ISTUnderstanding & 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.
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Income Tax returns filing deadline extended till January 31 in J&K
Business | Dec 24, 2019, 08:09 PM ISTThe date for filing income tax has been extended till January 31, 2020 in Jammu and Kashmir. The Central Board of Direct Taxes (CBDT) made the deadline extension for all kinds of income tax returns in the newly-created UTs of Jammu and Kashmir, and Ladakh.
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Date for filing ITRs, Tax Audit Reports extended till Oct 31
Business | Sep 26, 2019, 11:55 PM ISTThe Central Board of Direct Taxes (CBDT) has extended the due date for filing of ITRs & Tax Audit Reports to October 31.
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Out of 1.46 crore income tax returns, 90.8 lakh filed by individuals with total income up to Rs 50 lakh
Business | Jul 17, 2019, 08:48 PM ISTOver 1.46 crore income tax returns have been filed so far, of which 90.8 lakh have been filed by individuals with total income up to Rs 50 lakh.
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ITR E-Filing Alert: New rules you must know before filing income tax return online
Business | Jul 10, 2019, 07:32 PM ISTJuly 31 is the last day for filing income tax return. You can file ITR online through income tax's e-filing ITR website. This year, the government has introduced many changes in ITR form. It is important to know the changes before filing ITR to avoid any unwanted penalty later on.
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Tax evasion will soon be impossible; govt prepares several measures
Business | Jul 08, 2019, 08:17 AM ISTAccording to the Union Budget for 2019-20, filing of returns has been made compulsory for those who deposit more than Rs 1 crore in a current account in a year, spend more than Rs 2 lakh on foreign travel or have an annual electricity bill of more than Rs 1 lakh. The official data reveals 6.86 crore income tax returns (ITRs) were filed in 2017-18 registering a growth of 23 per cent over the previous year.
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Deadline to file Income Tax Return ends today. Here’s what you can do
Mar 31, 2019, 11:54 AM ISTDo you know the government reserves the right to take legal action against you over the failure to file ITR?
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Non-filers will get 21 days to file income tax returns, submit response: CBDT
Business | Jan 23, 2019, 07:56 AM ISTData analysis has identified "several potential non-filers" who have carried out high value transactions in 2017-18 but have still not filed returns for AY 2018-19, CBDT said.
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Government extends deadline for filing income tax returns, audit reports till October 15
Business | Sep 24, 2018, 05:37 PM ISTThe Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited.
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Massive 71% hike in income tax returns filed till Aug 31; 8-fold jump in presumptive tax filers
India | Sep 01, 2018, 11:07 PM ISTThe total number of ITRs e-filed up to August, 2018, was 5.42 crore as against 3.17 crore up to August 31, 2017, marking an increase of 70.86 per cent.
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More than 5.29-cr income tax returns filed as deadline ends today
India | Aug 31, 2018, 10:24 PM ISTThe total number of ITRs filed by the taxpayers during the current financial year stands at 5,29,66,509, officials said.
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Over 50 wealthy individuals on I-T radar for buying Nirav Modi jewellery, tax returns to be reassessed
Business | Jul 14, 2018, 02:25 PM ISTIn reply to the tax notices, most of the people said that they did not make any cash payment, but this version does not corroborate with the data obtained by the IT Department vis-a-vis the sales made by the firms of Nirav Modi.
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Things to keep in mind when filing taxes in 2018
Business | Jul 06, 2019, 05:36 PM ISTHere is a short list of eight key tax filing related considerations and precautions that would help you in ensuring the accurate filing of your taxes in for the Assessment Year 2018-19.
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Demonetisation depositors, all companies should file returns by March 31: I-T dept
Business | Feb 09, 2018, 02:43 PM ISTIt also cautioned eligible trusts, political parties and associations to file their income tax returns by this final deadline and "come clean".
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E-filing of income tax returns up by 17% post note ban
Business | Nov 07, 2017, 03:55 PM ISTThe e-filing of income tax returns (ITRs) went up by 17 per cent post demonetisation, while the rise in the 'individual filers' category was over 23 per cent.
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New income-tax return forms to be far more simplified, assures Finance Minister Arun Jaitley
May 16, 2015, 07:23 PM ISTNew Delhi: The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said today, but kept the suspense on if the requirement of