Search results for: income tax department

The process of income tax returns is not just limited to submitting the return online. A taxpayer also needs to verify the income tax return after it has been filed. Today, we will discuss the process and online and offline options for verifying an ITR. Make sure to file your returns on time to avoid […]

There are so many confusing terms in the tax world such as financial year and assessment year, gross total income and total income which we have heard so many times while filing income tax return (ITR).

If you have already filed your income tax return (ITR) for the year and want to check the status for the same, here’s a way to do the same online.

For every eligible taxpayer filing the ITR would be a yearly obligation in India. It’s a legal obligation that guarantees correct reporting of income and financial activities to the government; it’s not merely a formality. The Income Tax Department uses an automated system to carefully review the submitted returns in order to speed up this […]

If you made a mistake while filing ITR for AY 2024-25 (FY 2023-24), now, there is an option to revise the return. The revised return will take the place of the original return and will be considered as furnished on the date of return that was filed previously. A revised income tax return can be […]

Tax and India are slowly but surely arriving at reconciliation terms. This is echoed in a recent statement made by a government official.

Among the many changes and improvements the GST system brought to the Indian economy, a major increase has been reported in the direct tax revenues and corporate tax collection in the post-GST era.