After NDA 2.0 back in India, now the focus has shifted towards full and final Budget presentation for FY20 in July 2019. During the interim Budget, there was an eruption of joy among taxpayers as interim Finance Minister Piyush Goyal proposed that those who have a Rs 5 lakh income, will not have to pay…
Income Tax Return (ITR) filing: Every salaried employee has to file Income Tax Return (ITR). It needs to be noted that every individual is liable to pay taxes on income. However, Income Tax Department lends a helping hand as it allows a list of claims that brings down taxes that you pay. Income tax return…
Last Date for filing Income Tax Return has been extended till 15th September 2018 in Kerala Press Information Bureau Government of India Ministry of Finance 28-August-2018 19:00 IST Extension of date for filing of Income Tax Returns for taxpayers in Kerala In view of the disruption caused due to severe floods in Kerala, the Central…
Have you received arrears of salary as per the 7th Pay Commission recommendations? Here’s how to report those in your income tax return.
CBDT’s order regarding linking of PAN with Aadhaar while filing of ITRs – Order under Section 119 of the Income-tax Act, 1961
Things become more serious if the undeclared income is substantial and tax has not been paid on it. The taxpayer could be slapped with a late payment penalty.
Investing a little time and thought into Income tax return filing can allow you to claim deductions you might have failed to while submitting your investment declarations.
Tax payers can use Aadhaar based e-verification of their Income Tax Returns (ITR) for making ITR filing easier and quicker, informed UIDAI on it’s official twitter handle.
The tax department has uploaded the new income tax return (ITR) Form1 or Sahaj for the financial year 2017-18 on its e-filing website. This is the form that is used by most of the salaried class to file their ITRs.
The income tax department recently notified income tax return (ITR) forms for the financial year 2017-18 (assessment year 2018-19). A one-page simplified ITR Form-1 (Sahaj) has been notified.
ITR Forms for the financial year 2017-18 (A.Y 2018-19) notified – ITR-1 one page return simplified further – All ITR Forms are to be filed online except for the income up to Rs. 5 lakh or PAN holder is 80 years old or more
Issue of Income Tax Form 16 to Pensioners by Bank – Issue Certificate of Tax Deducted in Form 16 to the Pensioners – CBDT Clarification