The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return filing deadline for audit cases from 30th September 2019 to 31st October 2019. As per the Income Tax Act Rule, the ITR should be file by those entities who are assessed under section 44AB of the income tax such as companies, partnership… Continue reading CBDT extends ITR filing deadline for Audit Cases by a month to 31 October 2019
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
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
After you have filed your Income Tax Return it is necessary to e-verify your return. As the ITR filing deadline was August 31, 19 for the financial year 2018-19 thus, all the taxpayers who have furnished ITR should e-verify ITR within 120 days of filing. Because if you do not e-verify the returns than your… Continue reading Don’t forget to Verify your Returns after E-filing
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
The deadline to file Income Tax Return for the Assessment Year 2019-20 is fast approaching and there are times when taxpayers make mistakes while filing Income Tax Return. In case you have filed faulty Income Tax Return, here are the steps about how you can correct the blunders that you made and file revised ITR for… Continue reading How To File Revised ITR For AY 2019-20?
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
To make Income Tax Return efiling procedure more relaxed, the income tax department has launched e-verify Return for e-verification of ITR without login. According to this, the ITR filing can be accessed by clicking e-verify return button in the home page under quick links without logging-in to your account. Before this update, the CBDT has… Continue reading HOW TO VERIFY ITR WITHOUT LOGIN TO YOUR E-FILING ACCOUNT?
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
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