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Income tax filing News

18 Dec 2024

Pakistan Introduces Bill To Bar Non-Income Tax Filers From Opening Bank A/cs

The amendment proposed that non-filers would be banned from purchasing shares above a certain limit and opening a bank account.

30 Jul 2023

Almost 6 Cr I-T Returns Filed Till Now, Says Govt As July 31 Deadline Nears

The department also informed that 10.39 lakh ITRs have been filed up to 1 p.m. Sunday and 3.04 lakh ITRs have been filed in the last one hour.

Income tax return

16 Jul 2023

Filing Income Tax Return? Be Careful As I-T Dept Goes High-Tech From This Year

July 31 is the last date for filing the Income Tax returns without any penalty for AY 2023-24. Starting this year, the income tax department will conduct the strictest scrutiny of tax returns. Earlier, many taxpayers used to input fake donation details to claim tax rebates.

Financial changes

01 Aug 2022

ATTENTION! 5 big changes in August 2022 that can affect your finances

RBI's monetary policy is going to be aggressive. ITR of 2022-23 can be done till December 31, 2022, with the penalties. Bank of Baroda has modified the check clearance rule.

06 Dec 2021

ITR Filing: Incorrect bank account number? Here’s how to rectify it

When a taxpayer's taxes paid exceed his or her actual tax responsibilities, a refund is granted. Taxpayers must file an ITR to receive a refund of any overpaid taxes. Because the refund value is transferred back to the account by the department, the bank account number must be mentioned when filing ITR.

23 Aug 2021

Finance Ministry summons Infosys chief Salil Parekh on IT portal glitches

The new income tax e-filing portal "www.Incometax.Gov.In' had a bumpy start from the day of its launch on June 7. Between January 2019 to June 2021, the government has paid Rs 164.5 crore to Infosys for developing the portal.

Income tax return

13 Aug 2021

Income tax return: Here’s how to avoid THESE mistakes while filing ITR

It is important to note that during the time of filing returns, it becomes absolutely mandatory to mention the correct assessment year. Choosing the wrong firm can prove to create more difficult as it will become defective and one might get a notice to file the return once again. The form 26AS includes a summary of TDS and tax payments on the income such as salary, interest, or sale of immovable property.

Income tax filing

28 Mar 2021

Have you filed your ITR 2021? Here’s what Income Tax Department has to say

Income Tax India also said that ITR filing post-March 31 will see late fee charges and it has urged the taxpayers to complete the exercise at the earliest to avoid interest fees. Besides that, a person can file their income tax returns through incometaxindiaefiling.gov.in and taxpayers can also call on 18001030025 in case of any query or if they face problems while filing their return. Also, from April 1, one’s investment in an EPF account will be fully exempted from the income tax.

24 Mar 2020

COVID-19 outbreak: ITR filing date for FY 2018-19 extended till June 30, 2020

The government has also extended the last date for linking PAN with unique biometric ID Aadhaar to June 30 from March 31.

revised ITR 2018-19

26 Mar 2019

Difference between Revised ITR and Belated ITR and who needs to file it

The deadline for Revised ITR and Belated ITR is coming to end on March 31.

Income tax filing

31 Aug 2018

ITR filing: Last day to file income tax returns today

Filing ITR can be done both online and offline. Not filing ITR or late filing can attract a penalty up to Rs 10,000.

18 Jul 2017

Aadhar linking with PAN: SC to set up 9-judge Constitution Bench to decide whether privacy is fundamental right

With critics terming the linking of Aadhar with PAN - under Section 139 AA of the Income Tax Act - an attempt to dilute civilian liberties, the Supreme Court on Tuesday decided to set up a nine-judge Constitution bench to decide whether privacy is a fundamental right.

12 Jul 2017

Money Guru: You need to disclose these details while e-filing IT return

12 Jul 2017

Money Guru: Know how you can e-file your IT return

Income Tax department

22 Dec 2016

Income tax department identifies 67.54 lakh potential non-filers for 2014-15

The income tax department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high value transactions in the financial year 2014-15 but did not file return of income for the relevant assessment year i.e. A.Y 2015-16.

01 Oct 2015

Income Tax returns filing deadline extended to October 31

The government on Thursday extended the last date of filing of audit report and the return of income for the Assessment Year 2015-16 to October 31.

30 Jul 2014

I-T dept to taxpayers: Save our official email id in inbox

The online tax filing season is on and as of now the last date is July 31.

29 Jul 2014

ITR e-filing faces page downloading issues; ISP asked to improve connectivity

Internet providers have been told to increase the bandwidth and carry out changes in the routing limit and firewall filter.

29 Jul 2014

I-T department to tighten noose around corporate bosses

Expenses incurred on luxury cars, property purchase, coaching centres, earnings on fixed deposits will be closely watched by the I-T department.

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