Tag: itr

The Standing Committee on Finance, chaired by BJP MP Jayant Sinha, had earlier flagged difficulties being faced by people in filing Income Tax returns
Posted in Business

Parliamentary panel asks finance ministry for a common ITR

A parliamentary panel on Thursday asked the finance ministry to expeditiously come out with a common ITR form to ease I-T return filing for individuals…

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About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23.
Posted in Business

Will govt extend July 31 deadline to file ITR? Revenue secretary says…

Revenue Secretary Sanjay Malhotra has asked income tax payers to file their return at the earliest as the finance ministry is not contemplating extension of…

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Salaried individuals can file Income Tax returns online. (File Photo)
Posted in Business

How to file ITR 1 for salaried employees using Form 16? 10 easy steps

The Income Tax e-Filing portal is open for registered users to pre-fill and file their Income Tax Returns for Assessment Year 2023-24. It is mandatory…

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pan aadhaar linking: Will PAN-Aadhaar linking deadline be extended beyond June 30?
Posted in Finance

pan aadhaar linking: Will PAN-Aadhaar linking deadline be extended beyond June 30?

The last date to link PAN with Aadhaar is June 30. If the PAN is not linked with Aadhaar by this date, the PAN will…

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Penalties range from Rs.1,000 to Rs.10,000 if their returns are filed after the due date. (Representative Image)
Posted in Business

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…

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For Income Tax Return filing, the Income Tax Department has made it mandatory for all taxpayers to link their Aadhaar card with their PAN.(Representative Image)
Posted in Business

Income Tax Return: What is ITR-1 or Sahaj ? Who is eligible to file?

Income Tax Returns (ITRs) are forms used by the Income Tax Department in India to declare net tax liabilities, claim tax deductions, and report gross…

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Advance tax payment deadline to end tomorrow: Details here
Posted in Business

Advance tax payment deadline to end tomorrow: Details here

The last day for filing advance tax for income earned in the current financial year 2022-2023 is on Wednesday. A person whose estimated liability for…

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Posted in Economy

Taxman picks up 68,000 ITRs for e-verification

The income-tax department has picked up 68,000 income-tax returns for e-verification for the assessment year 2019-20 on account of discrepancy in income involving high-value transactions,…

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income tax department: 68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20
Posted in Economy

income tax department: 68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20

As many as 68,000 cases have been picked up for e-verification by the income tax department for unreporting or under reporting of income in tax…

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Advance tax to PAN-Aadhaar link: 5 important financial deadlines in March
Posted in Business

Advance tax to PAN-Aadhaar link: 5 important financial deadlines in March

The current financial year is coming to an end on March 31 and so are deadlines for several monetary tasks. Deadlines ranging from linking PAN…

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