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Search results for: income tax returns

Aadhar Card Compulsory for Filing Income Tax Returns from 1st July 2017

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.

Drawbacks of Not Filing Income Tax Return

Drawbacks of Not Filing Income Tax Returns by 31st July 2023

It is very much 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 levitate the real benefits of paying your income tax, […]

NIL Income Tax Return

Most Important Benefits of Filing Nil Income Tax Returns

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 […]

Tax Deadline

August 31 Declared as Deadline to Clear Pending Income Tax Returns

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.

More Days for Taxpayers to e-File SFT Returns

Income Tax Dept Gives More Time to File SFT Returns Smoothly

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, […]

New Due Date for Income Tax, Vivad Se Vishwas Scheme and GSTR 9, 9C Filing

Covid-19: CBIC Extended Due Date of GST Annual Returns, Income Tax Audit & Non-audit Cases

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 […]

Extend GST & Income Tax Due Date

Extend the Last Date of GST Returns & Income Tax in Tamil Nadu

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 […]

Taxable Income To Be Higher

Filing Tax Returns? Taxable Income To Be Higher Sans Rebate

A taxpayer is going to receive the advantage of the rebate if the taxable income calculated after the eligible tax exemptions and deductions results to be less than INR 5 Lakhs. Under the current provisions of the Income Tax Department, a taxpayer can enjoy a maximum rebate of INR 12,500 under section 87A of the […]

Income Tax Project

Updated Income Tax Project To Offer Same Day Return Filing Process & Returns

Good news has come for the taxpayers because Infosys is going to develop a new income tax filing system at the cost of Rs 4,241.97 crores said the government that will help to decrease the processing time for returns from 63 days to one day and expedite refunds.

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