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 …
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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 …
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 …
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 …
What are the mistakes that can lead to defective ITR? How do I rectify it?
Today, July 31, is the last date for salaried individuals and non-audit cases to file income tax returns (ITR) for …
Don’t forget to verify your income tax return in August: Here’s the process
Now that you have filed your income tax return, remember to verify it because your return filing process is not …
Last day to file returns: What happens if you miss your ITR deadline today
If you miss the deadline to file your tax returns today, you still have the option to file a belated …
Filing ITR? Avoid common mistakes while calculating self-assessment tax
When filing your taxe returns, the tax deducted at source ( TDS) and advance taxes you paid during the year …
Filing tax returns for the first time? or Confused in ITR forms which one to choose? here is the solution
ITR stands for Income Tax Return. It is a prescribed form through which the particulars of income earned by a …
You can now pay your Income tax via PhonePe too
Digital payments platform PhonePe has inked a pact with PayMate, a leading digital B2B payments and service provider, to …
