Extension of timelines for filing of Income-tax returns and various reports of audit for the Assessment Year 2021-22: CBDT Circular dated 11.01.2022 Circular No. 01/2022 F. No. 225/49/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated 11th January 2022 Subject:- Extension of timelines for filing of…
One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2020-21 which are pending for verification and processing of such returns: FinMin Circular dated 28.12.2021 Circular No. 21/2021 F. No. 225/140/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, dated 28th December,2021 Subject:…
Income Tax Return 2021-22 for Salaried Employees – How to to file your Return in the New Income Tax Portal – Step by Step guidance with screenshots
Income Tax Return (ITR) filing date extended for these taxpayers – Notification No. 93/2020 dated 31st December, 2020
Extension of time limits for Income tax returns filing – Deadline extended from Dec 31, 2020 to January 10, 2021 for these taxpayers
From linking PAN with Aadhaar to booking LTCG up to Rs 1 lakh on equity investments, there are some financial tasks you should complete within this deadline.
If you find an omission or a wrong statement in the original ITR, make a correction by filing a revised income tax return in the e-filing portal
A ‘lite’ e-filing facility was launched by the Income Tax department on Thursday to facilitate the easy and quick filing of returns by taxpayers. The facility was operationalised on the official portal of the department –https://www.incometaxindiaefiling.gov.in. “The Income Tax department is launching ‘e-Filing Lite’, a lighter version of e-Filing portal with a focus on the…
Majority of the salaried taxpayers do file their Income Tax returns by themselves and thus are bound to commit some mistakes due to ignorance of income tax norms. Tax and investment experts have been pointing out that while filing one’s ITR some of the errors of omission committed by taxpayers are common. For example, passive…
Last date filing Income Tax Return 2018-19 (Financial Year) (AY 2019-20) has been extended to 31st August 2019 from 31st July 2019
ITR for Capital Gains: For all those taxpayers who have to report long-term capital gains (LTCG), especially from equity shares and equity mutual funds in the financial year 2018-19, there is some piece of good news. Reporting LTCG details while filing the income tax return (ITR) for the assessment year 2019-20 has now been simplified….
Once again the time of filing tax returns has arrived and many taxpayers are busy calculating their taxes and claims which can be made under Income Tax Return (ITR) filing. While the government does takes taxes from your income and income from other sources, however, it also gives the benefit to reduce those taxes that…