The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds
If a freelancer is into certain specified professions, he'll need to maintain books of accounts as per Rule 6F if his gross receipts exceed Rs 150,000 in any of the 3 immediately preceding years
The nature of the income arising out of trading in F&O will depend on the volume and frequency of trade and the motive of such transaction
ITRs for 2018-19: Assessees have to provide detail calculation of these incomes
The new Sahaj form wants you to disclose specific details about your salary. Here are a few things you as an Income Tax Returns (ITR) assessee must know
This is the second extension given to them after the first deadline expired on September 30 and it was extended until October 31.
The total number of returns filed as on August 5 stands at over 2.82 crore
The total number of returns filed as on August 5 stands at over 2.823 crore
E-filing of ITR is mandatory for all except those whose income is less than Rs 5 lakh per annum