financial services · Income Tax · income tax return

CBDT extends the due date for filing of TDS statement in Form 24Q to 30th June 2019

In another major decision, the CBDT (Central Board of Direct Taxes) has extended the due date for TDS filing- Form 24Q i.e. quarterly TDS statement in respect of salaries for the financial year 2018-19 from May 31, 2019 to June 30, 2019. Meanwhile, the Income Tax department has also extended the deadline for employers to… Continue reading CBDT extends the due date for filing of TDS statement in Form 24Q to 30th June 2019

financial services · Income Tax · income tax return · Taxation

What are the Benefits of Filing your Income Tax Returns?

Any individual who is earning a taxable salary, exceeding the basic exemption limit has to file ITR. Despite, there aremajority of millennials who consider income tax return filing as a daunting process but they forget about the benefits they receive while filing returns.As per the Income Tax Department, it has initiated the mechanism of e-filing… Continue reading What are the Benefits of Filing your Income Tax Returns?

financial services · Income Tax · income tax return

Here’s what will happen if you don’t file your ITR before the due date

As the process of filing income tax returns for the new financial year 2018-19 has started, hence every taxpayer needs to e-file their returns before the last date of filing ITR. Although, the Tax department has already notified all the ITR Forms from ITR 1 to ITR 7. Amidst, every tax preparer is liable to… Continue reading Here’s what will happen if you don’t file your ITR before the due date

financial services · Income Tax · income tax return

Who is Required to File Form ITR 7 for Financial Year 2018-19?

In yet another update of Income Tax Return, the Tax department has recently notified about the ITR-7 Forms which is out for individuals, HUFs, companies, and others to e-file their returns. Although, it is further mentioned that  ITR Form 6 will be available shortly. Since the ITR 7 form deals with the annexure-less return, individuals… Continue reading Who is Required to File Form ITR 7 for Financial Year 2018-19?