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The income tax department would diminish the time duration for the e-verification or hard copy submission of the ITR-V, after furnishing the returns by the assessee from the current 120 days to 30 days at the start of August 1. The council would be provided with a notification on July 29 mentioning the amendment in […]
Before furnishing the ITR filing last date the same might assist to check your Annual information statement (AIS) on the tax portal and show any inconsistencies in it. The government says that they support solving the issues which arise because of misreporting or the system might not have enabled to fully fetch the information. The […]
This article elaborates on the income tax, the administrative framework of Income-tax, the Return Filing Period, who is subjected to furnish the tax, what is the method to furnish the tax, precautions in tax payment, when to furnish the tax, advance tax computation, Income Tax Challans, Exempt Income Taxable, Income, Form 26AS under income tax, […]
In the current times, the reduction in the time limits towards furnishing the belated or amended income tax return (ITR) gives assessees a short duration to amend the accidental glitches or meet these timelines in the difficult positions. Until now, the former day to furnish the amended or belated return was Dec 31 of the […]
ITR consists of a form that a person every year submits to the income tax department mentioning the income of the individual and the tax amount subjected to pay towards the government. Related to a specific year that is beginning from 1st April and finishes on 31st March every year. The income could be posted […]
The income tax department has provided the rules for the selection of income tax returns for complete scrutiny in the present financial year and mentioned these investigations shall be subjected in the matters where the information of the tax theft is available from any other council. Latest Update in Returns Scrutiny CBDT (Central Board of […]
The latest rule made through the Indian tax council this year seems to become an issue for the foreign investors who pose sovereign funds as well as pension funds who invest in the country. The same is made essential by the tax council for all the non-individual tax filers to mention the PAN number of […]
Post to the start of the latest facilitates upon the income tax e-filing portal, you can furnish his or her ITR straight on the website of the council, excluding any software. ITR furnishing is the scheduled process of each assessee and needs to be furnished every year. The ITR filing is essential and must be […]
Every year there are some changes that are started in the forms provided to furnish the income tax returns and processes engaged, that the assessee must find out. Indeed in this year, there are some amendments that are built to the forms and engaged with the processes. There are certain revisions that you must find […]
