Page 3 - Itrs Filing

What are the mistakes that can lead to defective ITR? How do I rectify it?

Taxpayers can identify if their ITR is defective by checking the communication received from the Income Tax Department.

ITR filing: 60 million tax returns filed for FY2022-23 till July 30

As many as 5.83 crore tax returns have been filed for income earned in 2022-23 fiscal, thus crossing the number of ITRs filed till July 31 last year. The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31. "5.83 crore #ITRs have been filed till 1 pm today (30th July) crossing the number of ITRs filed till 31st July, last year," the I-T department tweeted. Giving statistics of the tax return filing, the department said more than 46 lakh successful logins on the e-filing portal were seen till 1 pm today. On Saturday, there were more than 1.78 crore successful efiling logins. "10.39 lakh ITRs have been filed upto 1 pm today & 3.04 lakh ITRs have been filed in the last 1 hour," the I-T department tweeted at 1403 hrs.

Filing tax returns for the first time? Here's the ITR form meant for you

The forms of return prescribed under the Income-tax Law for filing of return of income for the assessment year 2023-24 (i.e., financial year 2022-23 ) are as follows

You can now pay your income tax via PhonePe too

The company has partnered with PayMate, a B2B payments and service provider to enable this feature.

Filing ITR? Avoid common mistakes while calculating self-assessment tax

. If the amount you have already paid is not enough, you will need to pay the remaining balance to cover the difference, which is known as self-assessment tax.

NRIs can still file income tax return even if their PAN becomes inoperative

Concerns have been raised by certain NRIs/ OCIs regarding their PANs becoming inoperative, although they are exempted from linking their PAN with Aadhaar.

Filing ITR? Don't forget to declare your income from other sources

Income from other sources includes earnings from freelance work, investments, rental properties, or any additional ventures.

What is form 26AS and AIS? Which is more important in filing tax returns?

While they serve different purposes, understanding their differences and significance is crucial for accurate tax compliance.

Filing ITR for crypto gains: Here's your guide on taxation for VDAs

All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH.

Everything you need to know about ITR refunds for AY 2022-2023

In order to seek tax refund, the assessee has to file ITR in the prescribed form for the relevant assessment year and refund (if any) will be automatically calculated.

ITR to higher pension: Important financial and tax deadlines in July 2023

The income tax return (ITR) filing deadline is approaching, which means taxpayers need to ensure timely submission

Filing your returns? Know key changes in ITR for assessment year 2023-24

A new disclosure has been added for 'Income from retirement benefit accounts'. Disclosure is required to be made about the taxable income on which relief under section 89A was claimed earlier

Filing ITR without taxable income: Details on benefits, advantages

The Centre allows certain deductions and exemptions in order to reduce the burden on taxpayers

Common ITR form for all proposed by govt, here's what you need to know

It is expected that the proposed ITR form will be applicable from FY 2022-23 onwards

ITR 2021-22: How to e-verify income tax return to complete filing process

If the income tax return (ITR 2021-22) is not verified before the last date, it is deemed invalid (not filed) by the Income Tax Department

Income tax return: Missed ITR 2021-22 deadline? Here's what to do next

On the last day, July 31, over 6.5 million ITR were filed by 11 PM, according to the Income Tax Department

Taxpayers fear notices due to AIS discrepancies; CBDT says unfounded

The deadline for filing income-tax returns (ITRs) for the assessment year 2022-23 ended on Sunday

ITR 2021-22: Chorus for deadline extension grows on social media

As the deadline for filing ITR approaches, the demand for extending it has also grown

Legal heir bound by law to file deceased's tax return for year of death

Failure to do so can result in penalties for the legal heir

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form