ITR Filing News
ITR utility glitch: Are assessees with income up to ₹7 lakh forced to pay tax?
After July 5, 2024, the return filing utility in the Income Tax department’s e-filing portal started calculating rebates under section 87A with errors due to an incorrect interpretation of the law
3 min read21 Jul 2024F&O, intraday and delivery trading: How different types of trading are reported in ITR
All types of trading income are to be reported in income tax returns, even when the taxpayer has made only losses. We give you a rundown of how the different types work
6 min read19 Jul 2024Income 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 2024ITR 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 2023Income 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 2023Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file
December 31 is the deadline for filing revised or belated ITR for FY 2021-22. The last chance for filing late returns comes with a penalty, however, no penalty will be levied on revised returns.
3 min read27 Dec 2022Popular 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