Itr Form News
Income Tax: How to e-verify your return? 5 Key points to know
Filing ITR: Typically, verification must be done within 30 days. Now since 30 days have elapsed from the time of submission of ITR data, the date of verification will be considered as the date of filing.
1 min read28 Dec 2024ITR filing: How can taxpayers check their income tax refund status online? A step-by-step guide
The income tax department usually takes four to five weeks to issue a refund. But if you do not receive the refund on time, you can check the intimation received from the income tax department.
1 min read7 Aug 2024Have you missed ITR filing deadline? You can still file belated income tax return. Check details
A belated income tax return under section 139(4) of the I-T Act can be filed after the July 31 deadline.
2 min read1 Aug 2024Missed ITR filing July 31 deadline? Check the penalties you need to pay
Individuals who missed filling their income tax returns (ITR) within the deadline of July 31 can still file their ITR until December 31, 2024. However, they have to pay penalties to file belated ITR
1 min read1 Aug 2024Income Tax Returns: Exemptions and deductions that are still allowed under new tax regime
Taxpayers are entitled to claim standard deduction of ₹50,000 from salary under the new tax regime. They can also claim deduction under section 80CCCD(2) for employer’s contribution to employee NPS accounts.
2 min read5 Jul 2024Income tax deadline looms: Know your ITR forms to avoid penalties
While filing the ITR within the due date is crucial, filing it in the correct form is equally important to avoid income tax notices or penalties
5 min read2 Jul 2024Over 6 crore ITRs filed till 6.30 pm today: Income tax department
The number of ITRs filed has exceeded the number of returns filed last year till July 31
1 min read30 Jul 2023Income tax return (ITR): How to check IT refund status online
A taxpayer can check status online for income tax refund in 5 steps
2 min read23 Jul 2023ITR 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 2023Key changes to note in AY2023-24 income tax forms
New ITR forms are almost identical to that of the previous year, with minor strategic tweaks
2 min read20 Feb 2023Popular 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