Tag: Income Tax Return

income tax
ITR filing: ‘Extend Due Dates Immediately’ trends; Revenue Secretary responds 

The Union Revenue Secretary Tarun Bajaj has clarified that the government has no plans to extend ITR due dates this year

  • Sunday, 24 July 2022
ITR Forms For 2021-22 Notified; Seek Details Of Overseas Retirement Benefits, PF Interest Accrual
ITR Forms For 2021-22 Notified; Seek Details Of Overseas Retirement Benefits, PF Interest Accrual

The assessee would be required to provide additional information on dividend income, and dividend income chargeable at Double Taxation Avoidance Agreement (DTAA) rates.

  • Friday, 01 April 2022
Sahaj-ITR-form
Govt notifies simplified 'Sahaj' ITR form

New Delhi: The government on Thursday notified one-page simplified Income-tax Return Form-1 called “Sahaj” for Assessment Year (AY) 2018-19 that can be used by salaried employees having income up to Rs 50 lakh. The Central Board of Direct Taxes (CBDT) had notified the Sahaj form for AY 2017-18 as well which benefited around three crore […]

  • Wednesday, 07 July 2021
Govt extends ITR filing deadline to August 5

New Delhi: In a last minute decision, the government today extended the deadline for filing Income Tax Returns (ITRs) till August 5, a top official said today. The official twitter handle of the department said the move was made “in view of difficulties faced by taxpayers.” A senior official of the department said the decision […]

  • Monday, 28 June 2021
pan-card-india-issuance
Link your PAN with bank for refunds: I-T to taxpayers

New Delhi: The Income Tax Department will “only” issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its latest public communication. The department said refunds will be sent to bank accounts as it will issue “only e-refunds from March 1, […]

  • Monday, 03 May 2021
Income-Tax
Income Tax Return (ITR): Big announcement by CBDT

Bhubaneswar: The Central Board of Direct Taxes (CBDT) today clarified that no changes have been made in the Income Tax Return (ITR) forms including ITR-2 and ITR-3. In a release, CBDT stated that no changes have been made since the notification was made on April 1, 2019, the first day of the assessment year 2019-20. […]

  • Wednesday, 28 April 2021
Income-Tax
Income tax return file: Step by step procedure you must know

It is high time that you must now how to file income tax return (ITR). Persons having salary as the source of income must declare their source of income. Though the Centre has extended deadline for filing of ITR till August 31, salaried individuals should know what are the documents required for the process. Instead […]

  • Tuesday, 27 April 2021
Income-Tax
Income Tax Filing: New System Introduced For Taxpayers, A Must Know

With an aim to facilitate hassle-free filing of income tax returns by all categories of tax payers, the Income Tax has launched a lite e-filing facility. In a public advisory, the Income Tax department said the ‘e-Filing Lite’ is a lighter version of the e-Filing portal. Users can access the ‘e-Filing Lite’ by clicking a […]

  • Tuesday, 27 April 2021
New IT Rules: A Look At 5 Major Changes Effective From September

The Budget this year presented in July mandated some income tax changes that have come into effect from September 1, 2019. Here are some of the changes that will affect the individuals as much as corporate/companies or business establishments. The government has introduced a new Section called 194N in income tax laws under which cash […]

  • Monday, 26 April 2021
Central-board-of-direct-tax
IT Return Forms: CBDT Notifies Modified Forms For FY 19-20

New Delhi: The Central Board of Direct Taxes (CBDT) has notified new Income Tax Return Forms for the Assessment Year 2020-21 or the financial year 2019-20. The modifications come in the backdrop of the coronavirus pandemic. In a notification, the Finance Ministry said it issued ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4 (Sugam), ITR-5, ITR-6, ITR-7 and […]

  • Friday, 16 April 2021
itrr
COVID-19 Impact: Deadline To File Income Tax Return Extended To 30 Nov

New Delhi: The Central Board of Direct Taxes (CBDT) on Wednesday extended the last date for filing ITR for AY 2019-20 (FY 2018-19). The date has been extended from 30 September to 30 November 2020. The IT department, in a statement, said that the decision was taken after further consideration of genuine difficulties being faced […]

  • Monday, 12 April 2021
Relief For Taxpayers: ITR Filing Deadline Further Extended Till Dec 31
Relief For Taxpayers: ITR Filing Deadline Further Extended Till Dec 31

New Delhi: The deadline for filing returns by individual taxpayers for FY 2019-20 has been extended by a month till December 31, the finance ministry said on Saturday. For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021. Related Story: Deadline […]

  • Saturday, 10 April 2021
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