Income Tax
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Good news for taxpayers: CBDT launches online mechanism to address tax disputes, check details
Business | Sep 05, 2024, 11:55 PM ISTThe 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 | Aug 30, 2024, 05:09 PM ISTIf 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 | Aug 22, 2024, 06:07 PM ISTThe 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
Income Tax | Aug 15, 2024, 12:53 PM ISTTaxpayers 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 | Aug 12, 2024, 06:11 PM ISTThe 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 | Aug 03, 2024, 11:23 AM ISTITR 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
Income Tax | Aug 02, 2024, 06:03 PM ISTThe 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 | Aug 01, 2024, 01:34 PM ISTSikkim 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
Income Tax | Jul 31, 2024, 09:56 PM ISTThe 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
Income Tax | Jul 31, 2024, 06:45 PM ISTITR 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 | Jul 31, 2024, 02:01 PM ISTJuly 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 | Jul 31, 2024, 02:01 PM ISTIncome 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.
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Due date to file income tax returns extended till August 31? Here's what we know
Business | Jul 31, 2024, 12:08 PM ISTMore than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year, the income tax department said on July 27. The figure is 8 per cent more than what it was last year.
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ITR filing 2024: How to make income of Rs 10 lakh tax-free? | Know calculations here
Business | Jul 29, 2024, 08:02 AM ISTITR filing 2024: To benefit from income tax exemptions on earnings up to Rs 10 lakh, you should opt for the old tax regime. Here’s how you can make an income of Rs 10 lakh tax-free.
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Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date
Income Tax | Jul 28, 2024, 07:42 PM ISTIn its latest public communication, the Income Tax Department has asked the taxpayers to make "correct and accurate" claims while filing the ITR.
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ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department
Income Tax | Jul 27, 2024, 08:42 PM ISTThe last date to file the Income Tax Returns for the assessment year 2024-25 and financial year 2023-24 is July 31. Once filed the ITRs will be processed and verified by the department.
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Budget 2024 | Old or new tax regime: Which will be more beneficial for you? Know here
Budget | Jul 24, 2024, 09:13 AM ISTBudget 2024: Finance Minister Nirmala Sitharaman has introduced changes in the new tax regime. Following these changes, taxpayers will need to evaluate whether the old or new tax regime is more beneficial for them. Let us know which will be beneficial for you based on your income.
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Budget 2024: 'Can't say if there will be a sunset', says Nirmala Sitharaman on old tax regime
Budget | Jul 23, 2024, 06:12 PM ISTNirmala Sitharaman stated that no decision has been made on scrapping the old regime, emphasising the government's intention to simplify the tax system. The revised New Tax Regime aims to provide annual tax savings for individual taxpayers, effective from April 1, 2024.
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Union Budget 2024: 'Simplified taxation, revenue mobilisation in focus,' says Nirmala Sitharaman
Budget | Jul 23, 2024, 05:03 PM ISTUnion Finance Minister Nirmala Sitharaman, during a press conference on the Union Budget 2024, announced a simplified approach to taxation aimed at boosting investment, with the average taxation reduced to 12.5 per cent. She also emphasised the need to widen the tax net and highlighted the increase
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Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
Business | Jul 23, 2024, 06:26 PM ISTFinance Minister Nirmala Sitharaman, presenting her seventh-consecutive Budget and her first in Modi 3.0, spotlighted nine priority areas for generating ample opportunities for all.