ITR Filing News

Money

Income Tax: Missed Dec 31 deadline? You can request for condonation of delay in filing ITR; here's how

If a taxpayer happened to miss the December 31 deadline of filing income tax return (ITR), they can request for the condonation of delay on the e-filing portal to avoid the imposition of penalty.

1 min read22 Jan 2024
News

ITR filing: Govt not contemplating extension of July 31 deadline, says Revenue secretary Sanjay Malhotra

Revenue Secretary Sanjay Malhotra has urged income tax payers to file their returns before the July 31 deadline, stating that the ministry is not considering an extension

2 min read16 Jul 2023
Money

Income tax calculator: Changes in income tax slab for FY 2023-24 that you must know

New income tax slab for FY 20023-24 has become effective from 1st April 2023

2 min read3 Apr 2023
Money

ITR filing: How long one should keep income tax return documents?

ITR filing: Under the Black Money Act, there is no specific time frame mentioned for a taxpayer to keep one's ITR documents

2 min read16 Jan 2023
Money

Got laid off? This is how your severance pay will be taxed

Certain conditions under Section 10(10C) enable a laid-off employee to claim exemption on severance payment.

2 min read29 Nov 2022
Money

NGOs’ business activity puts charity on backseat, taxpayers should watch out

Taxpayers can claim deduction on donations made under section 80G in their ITR

3 min read15 Nov 2022
Money

Common Income tax return form: Will CBDT proposal simplify taxpayers' job?

CBDT has proposed to subsume all ITR forms except Form-7.

3 min read14 Nov 2022
Money

Will the proposed common ITR help in tax compliance?

The new form is expected to improve data reconciliation and increase compliance

3 min read8 Nov 2022
Money

How to file ITRs when it’s belated, revised, updated

Belated return is filed by the assessees who miss the original deadline

3 min read11 Oct 2022
Money

How to claim TDS refunds if you’ve missed filing ITR

The IT law provides a window under section 119(2)(b) to claim a TDS refund

3 min read26 Aug 2022
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles

infosys

Shares of Infosys were up by 0.43% at closing.

11 Articles