financial services · Income Tax · income tax return

Not Got Your Income Tax Refund Yet? Here’s What You Should Do

Once your income tax return is processed, it almost takes 30-45 days for you to receive the refund. Taxpayers who have filed their income tax return before July 31 might have received the refund by now. On the other hand, Tax assesses who have filed the ITR around August 31 for the financial year 2018-19… Continue reading Not Got Your Income Tax Refund Yet? Here’s What You Should Do

financial services · Income Tax · income tax return

CBDT Cautions Taxpayers Not to Share PAN Details on Microblogging Sites

In the recent statement by the Income Tax Department, it has cautioned all the taxpayers who are holding Permanent Account Number to not to disclose their ten-digit alphanumeric number PAN publicly on the internet and social media. The income tax administration stated that sharing personal information on the micro-blogging such as Facebook, Twitter, and other… Continue reading CBDT Cautions Taxpayers Not to Share PAN Details on Microblogging Sites

financial services · income tax return

Income Tax Department creates a new record with filing of 49 lakh ITRs

A day after the income tax return filing session has been completed, it has created a new world record of online e-filing ITRs in a single day and that too so easily. As per the Central Board of Direct Taxes, nearly 49 lakh income tax return was filed by the taxpayers on August 31st, 2019… Continue reading Income Tax Department creates a new record with filing of 49 lakh ITRs

financial services · Income Tax · income tax return

Income Tax Return Filing Process Becomes Easy like never before

The Income Tax Department has made income tax return filing process easier like never before. Now, the taxpayers can e-file their returns without any hurdles. A few days back, the Income Tax Authority has implemented new income tax return filing relief to individuals by facilitating the lite e-filing facility and quick procedure for ITR verification.… Continue reading Income Tax Return Filing Process Becomes Easy like never before

financial services · Income Tax · income tax return

A Complete Guide on Income Tax Refund Status

If any individuals have filed their income tax return and have paid more tax than what was outstanding is eligible to receive a refund. Usually, refund arises when taxes paid by the taxpayer are more than their actual liability including interest. It could be in the form of advance tax, self-assessment tax, tax deducted at… Continue reading A Complete Guide on Income Tax Refund Status

financial services · Income Tax · income tax return

Income Tax Department Launches ‘Lite’ E-filing facility for Taxpayers

Income Tax Department has launched the ‘Lite’ e-filing website on Thursday to help taxpayers file returns quickly and more efficiently. The facility was operationalised on the official portal of the department income tax India efiling login http://www.incometaxindiaefiling.gov.in. The home page has a new ‘Quick ITR Filing’ link through which users can click on ‘e-Filing Lite’, which… Continue reading Income Tax Department Launches ‘Lite’ E-filing facility for Taxpayers

financial services · Income Tax · income tax return

Here’s why Govt has extended due date for filing ITR to August 31

After the income tax department has extended the deadline to 31st August from 31st July ‘19’, the taxpayers have now adequate time to file their returns. Reportedly, the extension notice came as a relief for individuals who have been facing multiple snags while filing returns. Meanwhile, as per some tax professionals, the Tax Department has… Continue reading Here’s why Govt has extended due date for filing ITR to August 31

financial services · Income Tax · income tax return

How to E-verify Income Tax Return using Aadhaar Card?

E-verify income tax return is the most important and last step of filing ITR. Once the individuals file their income tax return they can easily apply for e-verification either by online mode or offline. In an offline method, you get around 120 days to e-verify your income tax returns. But now, this step has been… Continue reading How to E-verify Income Tax Return using Aadhaar Card?

financial services · Income Tax · income tax return

CBDT extends the Due Date for filing Income Tax Returns to 31st Aug ’19’

The income tax authority has extended the due date for income tax return filing to 31st August from 31st July ’19’. The CBDT took this decision on Tuesday to provide a relief for taxpayers who were facing difficulties while filing the income tax return. With the extension of the deadline, there is a sufficient time… Continue reading CBDT extends the Due Date for filing Income Tax Returns to 31st Aug ’19’