Income Tax returns

ITR Filing AY 2023-24: Are You Waiting For ITR Refund? When Can You Expect It, And How Can You Check Its Status?

The deadline for filing income tax returns is over on July 31. If you are waiting for your ITR refund for AY 2023-24, scroll down to find the step-by-step guide.  

Aug 02, 2023, 00:14 AM IST

Income Tax Filing Notice: 1 Lakh Notices Sent In Cases Of Misrepresentation Of Income, Says Finance Minister Nirmala Sitharaman

In her address at the 164th Income Tax Day event, the Finance Minister said that tax rates have not gone up over the years, yet revenue has been constantly rising over the past three-four years.

Jul 25, 2023, 09:00 AM IST

ITR Filing Deadline: Are You An NRI With Inoperative PAN? Check These Steps To Resolve Your Problem

You can check your Jurisdictional Assessing Officer at Income tax official website. You just need to fill your PAN and Mobile number and then verify it by an OTP. Scroll down to find the direct link. 

Jul 23, 2023, 08:38 AM IST

Attention Taxpayers! Don't Forget To Mention This Income Source While Filing ITR As Failure Will Attract Penalty Of Rs 10 Lakh

It must be completed for assessment year 2023-24: 31st July, 2023. Taxpayers will attract a penalty of Rs 10 Lakh, under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Jul 18, 2023, 13:16 PM IST

FM Nirmala Sitharaman's BIG Announcement: 'No Income Tax For People Earning Up To THIS Much Per Annum Under New Tax Regime'

FM in a tweet said, ''Under the new regime, there is no income tax to be paid for annual income up to Rs 7 lakh, which effectively increases to Rs 7.27 lakh with marginal relief provisions.''

Jul 14, 2023, 22:46 PM IST

I-T Dept Notifies CII To Compute Gains Arising Out Of Sale Of Capital Assets

Cost Inflation Index (CII) is used by taxpayers to calculate long-term capital gains arising out of sale of capital assets after adjusting inflation.

Apr 11, 2023, 15:33 PM IST

Know how to take personal loan even if you don't have an ITR file

Continue reading to find out how to apply for a loan without submitting an ITR now.

Dec 06, 2022, 10:34 AM IST

ITR Filing FY 2021-22: Here's how to check income tax return (ITR) refund status online

After 10 days of filing an ITR, taxpayers in India can check the status of their ITR refund. 

Aug 06, 2022, 12:39 PM IST

ITR Filing 2021-22: Missed filing crypto gains in ITR? Here’s what you can do

According to Section 234F of the I-T legislation, taxpayers would be subject to a Rs 5,000 penalty if they fail to file their returns by July 31.

Aug 05, 2022, 10:16 AM IST

ITR Filing deadline ends: Take a look at the memes that ruled the internet

Notably, the ITR filing date has not been extended for the first time in three years. 

Aug 01, 2022, 12:53 PM IST

ITR Filing for financial year 2021-22: Facing issues with e-verification, legal heir registration, check THESE FAQs by Income Tax Dept

According to standard procedure, it takes 3–4 days for various banks to give the department information. After that, it is prefilled in the JSON for tax returns. 

Jul 31, 2022, 09:58 AM IST

ITR Filing for financial year 2021-22: Will Income Tax Return filing due date be extended today?

The government reported that as of Saturday at 8:36 p.m., more than 5 crore ITRs for the assessment year 2022–23 had been submitted. 

Jul 31, 2022, 09:07 AM IST

ITR Filing for financial year 2021-22: Is ITR filing, July 31 a bank holiday? Know what it means

The fact that the ITR filing deadline coincides with a bank holiday does not exclude taxpayers from filing their returns; it merely suggests that they cannot be physically delivered.

Jul 30, 2022, 13:45 PM IST

ITR Filing for financial year 2021-22: Filing ITR with multiple Form 16? Here’s how to do it

Form 16 is required for salaried individuals to file their ITR. It contains information about the Tax Deducted at Source (TDS) that the employer deducted and remitted on behalf of the employees during the fiscal year. 

Jul 30, 2022, 11:33 AM IST

ITR Filing for financial year 2021-22: Here's what happens if you don't file income tax returns on July 30

The late fee is Rs 1,000 for taxpayers with an annual income of up to Rs 5 lakh. The late fee is Rs 5,000 if your annual income exceeds Rs 5 lakh.

Jul 30, 2022, 10:09 AM IST

ITR Filing for financial year 2021-22: #ExtendDueDate immediately trends on Twitter as deadline to file ITR ends in two days

Only 40% of IT returns, as reported on the official portal, had been completed as of yesterday, July 27.

Jul 29, 2022, 13:18 PM IST

ITR Filing for financial year 2021-22: 10 important documents required to file income tax return

Check out the top 10 documents you would need while filing income tax returns

Jul 29, 2022, 10:23 AM IST

No plan to extend deadline for filing income tax returns: Revenue Secretary

The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31. 

Jul 22, 2022, 16:58 PM IST

Are you filing ITR? 5 mistakes you should avoid while filing income tax returns

The majority of these errors are the result of incorrect interpretation of tax regulations or ignorance.

Jul 16, 2022, 11:04 AM IST