From linking PAN card and Aadhaar Card to submission of updated income tax return (ITR), failure to meet these deadlines may lead to financial losses
It is expected that the proposed ITR form will be applicable from FY 2022-23 onwards
Most of us must have filed the tax return for all our earnings. The last date for filing tax return was July 31. But what if you have missed it? Find out your options now
Over the last two financial years, the govt had extended the deadline for filing ITRs to ease compliance for taxpayers battling pandemic. But this year the deadline was not extended by even by a day
"More than 3 crore ITRs for AY (Assessment Year) 2022-23 have been filed on e-filing portal till 25th July, 2022. The due date to file ITR for AY 2022-23 is 31st July, 2022," the dept said in a tweet
With this, Kotak Mahindra Bank becomes one of the first private banks to be fully integrated with the new Income Tax department portal
However, you may have to pay a penalty and won't be able to carry forward most types of losses
Your tax return will become invalid unless it is verified within 120 days
Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
Ensure you file your returns ahead of time, in case you need to make changes
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This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 financial year
The department has released the ITR-1 utility (e-form) on its e-filing website available in Excel and Java formats
The first phase of the Budget Session began on January 31 and will go on till February 11.
Titled Guide to e-Assessment with Real Time Case Studies & Suggestive e-Submissions, the book is a ready referencer to help and assist taxpayers and tax practitioners in e-assessment proceedings
Good news is that the income-tax department has extended the last date for filing ITR from July 31 to August 31, 2019
What are income-tax returns? Must you file them? What if you did not? What are the benefits of filing an ITR? How do you get a refund for any excess tax deducted? Find answers to all your questions
The new income tax return forms were notified early in April and taxpayers (whose accounts are not liable for audit) were allowed to e-file their ITRs till July 31
A general understanding that most taxpayers have, is that filing the tax returns completes the process of return filing. However, that is not so
The new helpline numbers can be called in case of any trouble on the e-filing portal