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I-t Returns

Trustees will be liable in case of non-payment of exit tax: CBDT chief

CBDT chief says there's no reason to provide differential treatment for filing I-T returns

Trustees will be liable in case of non-payment of exit tax: CBDT chief
Updated On : 03 Feb 2023 | 11:32 PM IST

Govt notifies new form for filing updated ITRs for 2019-20 and 2020-21

Taxpayers filing ITR-U, which can be filed within 2 years of the end of the relevant assessment year, will have to give reasons for updating the income

Govt notifies new form for filing updated ITRs for 2019-20 and 2020-21
Updated On : 02 May 2022 | 12:45 AM IST

Over one million returns a day needed to meet December ITR deadline

This is at least 3.3x times the current pace of daily returns filed

Over one million returns a day needed to meet December ITR deadline
Updated On : 08 Dec 2021 | 1:18 AM IST

Nearly 24 mn income tax returns filed for FY21 so far, says I-T dept

Over 2.38 crore income tax returns have been filed for 2020-21 fiscal so far, the I-T department said on Tuesday

Nearly 24 mn income tax returns filed for FY21 so far, says I-T dept
Updated On : 09 Nov 2021 | 10:51 PM IST

Defer income-tax filing if you have to pay a penalty, say analysts

Do so once the glitches on the new tax portal have been ironed out

Defer income-tax filing if you have to pay a penalty, say analysts
Updated On : 06 Aug 2021 | 6:08 AM IST

File past year returns, avoid higher taxes as new tax provisions kick in

Steeper TDS, TCS rates will apply from July 1 as new tax provisions kick in

File past year returns, avoid higher taxes as new tax provisions kick in
Updated On : 24 Jun 2021 | 6:10 AM IST

I-T portal glitches: FinMin invites stakeholders' representations

The deadline for submission of the representations is June 18

I-T portal glitches: FinMin invites stakeholders' representations
Updated On : 17 Jun 2021 | 12:14 AM IST
Updated On : 02 Jun 2021 | 6:10 AM IST

New e-filing portal to be mobile friendly, have manuals, videos: I-T Dept

The Income Tax Department on Saturday said it will launch on June 7 its new portal e-filing 2.0, which will be mobile friendly, have pre-filled ITR form and simplified utility

New e-filing portal to be mobile friendly, have manuals, videos: I-T Dept
Updated On : 29 May 2021 | 9:58 PM IST

Can't use ITR-1 if TDS paid on high cash withdrawal, say experts

Taxpayers now need to provide quarterly break-up of dividend income earned

Can't use ITR-1 if TDS paid on high cash withdrawal, say experts
Updated On : 06 Apr 2021 | 6:10 AM IST

Avoid tax credit mismatch in income-tax return request: Experts

In case of an error, file a revised TDS return under Section 154(1)

Avoid tax credit mismatch in income-tax return request: Experts
Updated On : 03 Mar 2021 | 6:10 AM IST

Income tax returns cross 58 million hours before deadline, shows data

In view of the pandemic, the government had extended the deadline for filing returns multiple times in the past

Income tax returns cross 58 million hours before deadline, shows data
Updated On : 10 Jan 2021 | 11:10 PM IST
Updated On : 25 Dec 2020 | 9:01 PM IST

Not verifying your income tax returns might have serious consequences

Refunds get blocked, losses aren't carried forward, and you could face a penalty

Not verifying your income tax returns might have serious consequences
Updated On : 09 Oct 2020 | 12:51 AM IST

Only investigation wing, TDS directorate to conduct I-T surveys: CBDT

In an I-T survey, tax officers visit business premises of the taxpayer to gather information by way of examination of books of accounts, data stored electronically and also access email communication

Only investigation wing, TDS directorate to conduct I-T surveys: CBDT
Updated On : 13 Aug 2020 | 5:08 PM IST

Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant

Among large states, the lowest rate of filing was seen in Bihar at 5 per cent, followed by UP at 8.11 per cent - much below the national average of 12 per cent

Gujarat emerges as most tax-compliant state in AY19, Bihar least compliant
Updated On : 06 Aug 2020 | 1:02 AM IST

GSTR-4: Govt considering demand for extending date for filing I-T returns

The time limit to file GSTR-4 annual returns for the FY 2019-20 by the composition dealers had been extended till July 15, 2020 on April 3, 2020

GSTR-4: Govt considering demand for extending date for filing I-T returns
Updated On : 07 Jul 2020 | 11:16 PM IST

ITR forms being revised for benefits of timeline extension, says CBDT

Once the revised forms are notified, it will further necessitate the consequential changes in the software and return filing utility

ITR forms being revised for benefits of timeline extension, says CBDT
Updated On : 19 Apr 2020 | 5:29 PM IST

Covid-19: Centre allows 100% tax rebate for contributions to PM CARES

This brings its tax treatment on a par with the Prime Minister National Relief Fund.

Covid-19: Centre allows 100% tax rebate for contributions to PM CARES
Updated On : 01 Apr 2020 | 2:19 AM IST

Mind the changes when filing I-T returns; here is how it may impact you

If you miss the July 31 deadline, there is a late filing fee of up to Rs 10,000. Also, you cannot file returns beyond March 31, 2019

Mind the changes when filing I-T returns; here is how it may impact you
Updated On : 01 Jun 2018 | 6:55 AM IST