Powerd By SAG INFOTECH
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For the filing of income tax returns, salaried individuals can utilize forms ITR-1 and ITR-2. The individual resident taxpayers with an annual income of up to INR 50 lakh are required to file ITR-1 while the others who do not earn from business or profession will go with the ITR-2 for filing income tax returns. […]
The income tax e-returns filed for the April-February period has marked up almost 30% more when the comparative study was done with the analogous span of time in FY18 which attested 6.7 crore income tax e-return filing.
On a mandatory note, the government has mandated the Aadhar Number to be used while filing the income tax returns and applying for new Permanent Account Number (PAN) card starting from July 1 in order to tie the knots more strictly over the miscellaneous system being operational under the government schemes of taxation and other business applications.
It is very important to file an income tax return. People are satisfied with the fact that their income tax has been paid by them, and now there is no headache for them in an upcoming way, but that is not the end of the process. To understand the real benefits of paying your income tax, some […]
Filing a NIL income tax return is not mandatory if your total income is below the basic exemption limit as per the Income Tax Act. But it is always recommended that you file an ITR if there is any source of income earned by you in a financial year. If you are finding the task […]
CBDT has recently made a declaration that August 31 is the last date to settle down the income tax returns for all the taxpayers. These pending ITRs belong to 6 assessment years from 2009-10 to 2014-15, which are due for processing and issue of refunds because of the non-filing of ITR-V acknowledgement form at its collection centre based in Bengaluru.
Income Tax SFT return filing 2023: Given that some filers experienced difficulties filing SFT due to heavy traffic on the reporting portal. So the Income Tax Department has given some relaxation and provided a couple of more days for filing SFT (Statement of Financial Transaction) returns. The Income Tax Department has tweeted regarding the same, […]
According to the assessee, the government has prolonged the deadlines for the income tax goods and services tax along with Vivad se Vishwas direct tax conflict intention policy with context to the view of the challenges which is raised because of Covid-19 pandemic. “Considering the problems being faced by the taxpayers, it has been decided […]
Tamil Nadu Vanigar Sangankalin Peramaippu requested the Centra and State Governments to extend the last date of filing the Income Tax Return Get all due dates of income tax return and payment of advance taxes for FY 2018-19 (AY 2019-20). We update the last date as per the IT department notifications and Goods and Services […]
