Filing the Income Tax Return (ITR) is a crucial task, requiring careful preparation and having the right documents is essential to ensure a smooth process. Whether you're a salaried employee, a ...
The Income Tax Department streamlines ITR filing for FY 2023-24 with various utilities. Taxpayers have until July 31, 2024, to file returns. Different utilities cater to diverse taxpayer needs ...
This new functionality is expected to increase transparency by displaying such information in AIS to the taxpayer. Question: When will ITR e-filing start this year? When can salaried taxpayers ...
Income tax return (ITR) filing is usually the last thing on one’s mind in December. However, 2020 is no ordinary year. It has seen several unthinkable things in the past shape into reality, and ...
Your tax bill may increase if you receive arrears or additional payments, which would put you in a higher tax bracket. In addition to pay, arrears may involve other sources of income. A ...
Income Tax filing 2024: The Income Tax Department has released offline, online, and Excel utilities for ITR-3 for taxpayers for FY 2023-24 (AY 2024-25). To file the returns this year, individuals ...
The due date for filing income tax returns, considered a tedious annual ritual by many, for the financial year 2023-24 is just a few days away - July 31, 2024. From getting all the documents in ...
The Income Tax Act, section 139(9), sends a 'defective' notice when there's an issue with your income tax return (ITR). Section 139(9) can be used for many reasons. However, the best way is to ...
An ITR must be filed when total income exceeds basic exemption limit or under specific conditions, such as high deposits, significant spending, among others. Even if not mandatory, filing an ITR ...