Tag: income tax returns
How long does it take for income tax department to process ITRs?
It usually takes an average of 15-45 days from the e-verification date of income tax returns (ITRs) for the income tax department to start processing…
Income-tax enforcement must be used as last step: FM Nirmala Sitharaman
NEW DELHI: Enforcement measures should only be used as a last resort by tax officers, finance minister Nirmala Sitharaman said Wednesday. She also laid emphasis…
Taxpayers alert! ITR processing time reduced to 10 days from 93 days
Aug 13, 2024 02:41 PM IST The average time taken to process income tax returns (ITR) has decreased from 93 days in 2013 to 10…
New record of over 7.28 cr income-tax returns filed: Tax dept
New Delhi, A new record of over 7.28 crore income tax returns were filed by the July 31 deadline, the income tax department said on…
Last date to file ITR: Will government extend ITR filing deadline for these taxpayers?
The last date to file income tax returns for the financial year 2023-24 is today, July 31, 2024. Many taxpayers have been asking for an…
ITR deadline fast approaching, list of documents needed for filing income tax return
Jul 28, 2024 07:33 PM IST The income tax department has said that already over five crore taxpayers have already filed their returns so far…
5 crore ITRs filed till July 26; but tax filers still faced with e-filing portal glitches, voice concerns on social media
The deadline to submit income tax returns for the financial year 2023-24 is approaching, with July 31, 2024, just a few days away. According to…
ITR filing deadline extension: Why hopes for an extension of the last date to file ITR are fading
As of July 22, 2024, over 4 crore Income Tax Returns (ITRs) have been submitted, showing an increase of over 8% compared to the filings…
Final Cost Inflation Index for FY24 to be fixed at 348
Finance Ministry has notified the final Cost Inflation Index (CII) for FY24 (Assessment Year 2024-25) at 348, same as the provisional index notified in April….
Income tax return: You should avoid these errors while filing ITR
Income Tax Returns (ITRs), are forms used to declare net tax liability, claim tax deductions, and report gross taxable income. Individuals and entities whose income…