I-t Returns

Budget 2024: Here's what FM Nirmala Sitharaman said about income tax

Interim Budget: FM Sitharaman said that the average processing time of returns has been reduced from 93 days in the year 2013-14 to 10 days this year

Trustees will be liable in case of non-payment of exit tax: CBDT chief

CBDT chief says there's no reason to provide differential treatment for filing I-T returns

Govt notifies new form for filing updated ITRs for 2019-20 and 2020-21

Taxpayers filing ITR-U, which can be filed within 2 years of the end of the relevant assessment year, will have to give reasons for updating the income

Over one million returns a day needed to meet December ITR deadline

This is at least 3.3x times the current pace of daily returns filed

Nearly 24 mn income tax returns filed for FY21 so far, says I-T dept

Over 2.38 crore income tax returns have been filed for 2020-21 fiscal so far, the I-T department said on Tuesday

Defer income-tax filing if you have to pay a penalty, say analysts

Do so once the glitches on the new tax portal have been ironed out

File past year returns, avoid higher taxes as new tax provisions kick in

Steeper TDS, TCS rates will apply from July 1 as new tax provisions kick in

I-T portal glitches: FinMin invites stakeholders' representations

The deadline for submission of the representations is June 18

New tax portal to make self-filing a breeze but proceed with caution

Be doubly cautious if filing via a mobile app

New e-filing portal to be mobile friendly, have manuals, videos: I-T Dept

The Income Tax Department on Saturday said it will launch on June 7 its new portal e-filing 2.0, which will be mobile friendly, have pre-filled ITR form and simplified utility

Can't use ITR-1 if TDS paid on high cash withdrawal, say experts

Taxpayers now need to provide quarterly break-up of dividend income earned

Avoid tax credit mismatch in income-tax return request: Experts

In case of an error, file a revised TDS return under Section 154(1)

Income tax returns cross 58 million hours before deadline, shows data

In view of the pandemic, the government had extended the deadline for filing returns multiple times in the past

Latest News LIVE: 39.7 mn ITRs filed for FY20 till Dec 24, says I-T dept

Stay tuned for more latest news LIVE updates

Not verifying your income tax returns might have serious consequences

Refunds get blocked, losses aren't carried forward, and you could face a penalty

Only investigation wing, TDS directorate to conduct I-T surveys: CBDT

In an I-T survey, tax officers visit business premises of the taxpayer to gather information by way of examination of books of accounts, data stored electronically and also access email communication

Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant

Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent

GSTR-4: Govt considering demand for extending date for filing I-T returns

The time limit to file GSTR-4 annual returns for the FY 2019-20 by the composition dealers had been extended till July 15, 2020 on April 3, 2020

ITR forms being revised for benefits of timeline extension, says CBDT

Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility

Covid-19: Centre allows 100% tax rebate for contributions to PM CARES

This brings its tax treatment on a par with the Prime Minister National Relief Fund.