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  How much cash can you keep in savings account without attracting Income Tax notice? Know the Rules

  Business | December 14, 2024 14:19 IST

  Know the income tax rules for savings accounts and how much cash you can deposit without attracting scrutiny. Discover the daily cash transaction limits, high-value transaction reporting requirements, and how to respond to an income tax notice.

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  Rs 5,000 late fee: Your last chance to file belated ITR before December 31, check steps here

  December 10, 2024 12:10 IST

  Taxpayers who missed the July 31 deadline for Income Tax Return (ITR) filing for FY 2023-24 (Assessment Year 2024-25) must file by December 31 to avoid increased penalties. Know the late fees, steps to file, and what happens if you miss the deadline.

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  Attention PAN cardholders: Here's how to check if your PAN card is active or not

  Business | November 21, 2024 14:34 IST

  Many individuals have more than one PAN card due to an error. However, it is important to check if their PAN card is still active or not.

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  Missed reporting foreign assets in ITR? File revised return to avoid Rs 10 lakh penalty | DETAILS

  November 19, 2024 16:01 IST

  Missed declaring foreign assets or income in your ITR for AY 2024-25? File a revised return by December 31, 2024, to avoid a penalty of up to Rs 10 lakh under the Black Money Act.

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  From pension account to Income Tax, crucial deadlines in November | Check details

  Business | November 09, 2024 21:57 IST

  For effective financial management and to avoid penalties, keeping track of deadlines is crucial. Here are some important dates and deadlines in November that could affect your PF, income tax filing and pension accounts.

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  ITR filing deadline extended till Nov 15 for corporate taxpayers, check details here

  Business | October 27, 2024 12:24 IST

  The extension of the ITR filing deadline applies to taxpayers covered under sub-Section (1) of Section 139 of the Income-tax Act, 1961. This deadline extension comes after the government extended the deadline to submit tax audit report to October 7, 2024, from the initial deadline of September 30.

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  Income tax audit report deadline extended to Oct 7: Check penalties for missing due date

  Business | September 30, 2024 12:21 IST

  The announcement from the CBDT comes in response to the challenges taxpayers faced with electronic submissions under the Income Tax Act, particularly due to issues with the e-filing portal.

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  Best ELSS funds to invest in 2024: Top 5 tax-saving funds with up to 81 per cent return in a year

  September 26, 2024 8:05 IST

  The returns from ELSS investments qualify for tax exemption under Section 80C of the Income Tax Act of 1961. These funds, which primarily invest in stocks, provide higher returns than ones that are focused on debt or gold.

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  Good news for taxpayers: CBDT launches online mechanism to address tax disputes, check details

  Business | September 05, 2024 23:55 IST

  The CBDT said the e-DRS enables the taxpayers to file an application electronically for dispute resolution to the Dispute Resolution Committees (DRC) designated for the region of Principal Chief Commissioner of Income Tax having jurisdiction over the taxpayer.

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  ITR Refund FY 2023-24: Know four types of income tax refund status and reasons behind delay

  Business | August 30, 2024 17:09 IST

  If it's been a considerable amount of time since you filed your ITR, you can check the status on the Income Tax Department's e-filing portal or contact their support for more information.

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  Will your ITR FY 2023-24 become invalid by this date if not verified? Check here

  Business | August 22, 2024 18:07 IST

  The due date for filing Income Tax Returns was on July 31, 2024, and the taxpayers who have successfully filed their ITRs by the deadline can expect the refund to be deposited into their bank accounts shortly.

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  ITR refunds: Understanding refund timelines for ITR-1, ITR-2, ITR-3 filers

  August 15, 2024 12:53 IST

  Taxpayers awaiting Income Tax Return (ITR) refunds should note that processing times vary by the type of ITR form filed. ITR-1, being the simplest, is processed the fastest, with refunds typically issued within 15 days.

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  Is your Income Tax refund getting delayed? Here's how to check status with PAN card details

  Budget | August 12, 2024 18:11 IST

  The Income Tax Department has already outlined that the processing of ITR refunds starts only after the taxpayer electronically verifies the returns.

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  ITR 2024: Waiting on your income tax refund? Here's when you can expect money

  Business | August 03, 2024 11:23 IST

  ITR 2024: The process of issuing income tax refunds begins only after the taxpayer e-verifies their return. The deadline for filing Income Tax Returns (ITR) was July 31, 2024.

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  Record 7.28 crore Income Tax Returns filed by July 31, marking 7.5 per cent increase: Tax Department

  August 02, 2024 18:03 IST

  The Income Tax Department set a new record with 7.28 crore ITR filings for the fiscal year 2024-25, marking a 7.5% increase from last year. A notable 72% of taxpayers opted for the new tax regime.

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  Why residents of Sikkim are exempted from paying Income Tax? EXPLAINED

  Explainers | August 01, 2024 13:34 IST

  Sikkim Tax-Free: Sikkim, a small state in northeastern India, is unique in that it is exempt from paying income tax under its own tax laws established in 1948.

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  ITR filing 2024: Over 7 crore income tax returns filed till 7 PM on deadline day, says IT department

  July 31, 2024 21:56 IST

  The I-T department's helpdesk has been operational 24x7, offering support through calls, live chats, WebEx sessions, and social media to assist taxpayers with ITR filing and related services.

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  ITR Filing: How to check your tax refund status online using PAN card? Know step-by-step guide

  July 31, 2024 18:45 IST

  ITR Filing 2024: Today is the deadline for ITR filing. Taxpayers who have filed their returns and are due a refund can expect processing to take 15 to 45 days after e-verification. Refund status can be checked online using a PAN card on the Income Tax e-filing portal.

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  Last day to file Income Tax Return: Here's how you can do it online by yourself

  Technology | July 31, 2024 14:01 IST

  July 31, 2024, is the deadline to file income tax returns. You can easily file online from home using these steps if you haven't done so already.

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  ITR filing last date: Here’s what happens if you miss the deadline of July 31 | Explained

  Explainers | July 31, 2024 14:01 IST

  Income Tax Return (ITR) filing is the process through which individuals and entities report their income, deductions, and tax liabilities to the government. This is done to comply with tax laws and ensure that the correct amount of tax is paid.