Income Tax Returns

Returns filing done? Be prepared for notices from taxmen

Most tax notices are for routine mismatches or errors in filing that can be rectified very easily.

published on : 2nd September 2019

Over 49 lakh income tax returns e-filed on August 31: CBDT

According to the CBDT, in a record number of Income Tax Returns (ITR) e-filings in a single day, a total of 49,29,121 ITRs were filed on the last day for filing returns.

published on : 1st September 2019

Hurry up! Just one day left to file your income tax returns 

The I-T department has issued a notification clarifying that the circular going viral on social media -- stating that the deadline has been extended to September 30 -- is not genuine.

published on : 30th August 2019

Jammu traders demand extension of deadline for filing Income Tax, GST returns

In a letter to Union Finance Minister Nirmala Sitharaman, the Chamber of Traders Federation(CTF) said its demand be considered as a special case in view of the prevailing situation in the region.

published on : 19th August 2019

Income Tax department to adopt 'taxpayer-friendly' approach

Sitharaman on Saturday asked the I-T Department to bridge the communication gap between tax officials and the assessees and sought a change in mindset amid allegations of 'tax terrorism'. 

published on : 19th August 2019

How to verify income tax returns even if you've forgotten the password

Unless you verify your returns within 120 days of filing them, they will get cancelled automatically. You might even get a notice from the income tax department for not filing the returns.

published on : 12th August 2019

Five ways you can benefit by filing income tax returns

Even though filing tax returns is not mandatory for all, it is best you do it so you can enjoy the following benefits.

published on : 6th August 2019

New portal has made filing Income Tax Return easier: Know more

The new facility, which became accessible to all registered users from August 1, is aimed to be particularly useful for taxpayers who access the website only to file ITR returns.

published on : 6th August 2019

Income tax returns: You can now link your PAN to Aadhaar with an SMS

The I-T department has made it mandatory for every taxpayer to link PAN card to Aadhaar before September 30, 2019.

published on : 6th August 2019

Income Tax department summons 15 Madhya Pradesh MLAs over mismatch in poll affidavits, tax returns 

If proved that the MLAs have deliberately made false declaration in their poll affidavits, the ECI will act against them sternly and may even disqualify them.

published on : 4th August 2019

Income Tax refund: Don't lose your hard-earned money by making this mistake!

To get the refund, you need to link your PAN card to Aadhaar. The I-T department has made it mandatory for every taxpayer to link both before September 30, 2019. 

published on : 31st July 2019

Income Tax Returns: Here's what will happen if you submit fake rent receipts

If, in a year, you pay more than Rs 1 lakh as rent, then you should submit your landlord's PAN number also along with the rent receipt at the time of filing returns. 

published on : 30th July 2019

Income Tax Returns: Beware! You may end up paying more if you wait until August 31 to file it

Do check if you have any advance tax to be paid after the deduction of your TDS by your employer or entities.

published on : 27th July 2019

Making ITR filing less taxing

A city-based expert gives a lowdown on different IT forms, essential documents and mistakes people make while filing Income Tax returns

published on : 25th July 2019

Want to file income tax returns online by yourself? Here's a quick guide

Firstly, you need to collect documents such as TDS certificate (Form 16/16A), capital gains statement, salary slips.

published on : 24th July 2019
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