ITR Filing News


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

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

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

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

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

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

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

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

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

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
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