ITR filing last date is July 31. Will income tax return deadline be extended?
ITR filing deadline: The Income Tax Department issued an alert to the public following reports regarding the extension of ITR …
Income tax filing
Wish to carry forward losses, get TDS refund? File nil Income-Tax Return
When filing a tax return, the advice is simple: File your returns even if your income is below the taxable …
Your ITR can be shortlisted for scrutiny – Know why?
The Income Tax department released guidelines earlier this month for selecting tax returns for scrutiny in the financial year 2024-25. …
Fix mismatches between Form 26AS and Form 16 before ITR filing
The first step in filing your income-tax return (ITR) should be to review and compare Form 26AS with Form 16. …
You can discard tax returns if your ITR status is ‘unverified’
There is now a ‘Discard Return’ option on the Income Tax department’s portal, which allows taxpayers to rectify errors in …
Got a tax notice for claiming higher deduction in ITR? Here is what to do
Around 22,000 taxpayers, including high-net-worth individuals, salaried individuals, and trusts, have already received notices from the Income Tax Department because …
Errors in ITR filing to extra audits: Why your ITR refund may be delayed
The Income Tax Department is reportedly looking to shorten the average processing time for getting tax refunds from 16 to …
Decoding ITRs: Average middle-class income can rise to Rs 50 lakh by 2047
Weighted mean income of an average middle-class Indian has risen to Rs 13 lakh in fiscal year 2022 from Rs …
ITR Deadline Missed? Know late fees, rules, and penalty for late filing
The last date to file an income tax return (ITR) for the FY 2022-23 was July 31, 2023, which has …
85% taxpayers opt for old regime, 55% fully utilise 80C benefit: survey
Only 15% of India’s taxpayers chose the new tax regime, showed the findings of a survey by Clear, an online …
