Search results for: Assessing Officer

Taxpayers are advised to pay their Income tax on or before 31st December as on non-payment of the returns on the stipulated time, would lead to the payment of huge penalty and the penalty amount could be between Rs. 5000 and Rs. 10,000.

CBDT (Central Board of Direct Taxes) Chairman Sushil Chandra said that the IT department has proposed an extra investigation to stop the outlay of money towards the fraud repay claims which are based on the corrupt investments as shown in the tax return forms.

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.

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 […]

Paying income tax is the responsibility of salaried taxpayers in order to avoid the IT-Department follow. But, many taxpayers find some ways through which they can hide their original taxable income and pay fewer taxes.

Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date and if the person fails or misses the due date then there are certain provisions of penalty under the Income Tax Act, of 1961. The assessing officer may contact the individual through a […]