Category: Income Tax

lipped from: https://taxguru.in/income-tax/annual-information-statement-sale-vehicle.html?utm_source=feedburner&utm_medium=email Recently, the income tax department has rolled out two new statements, namely, ‘Annual Information Statement’ and ‘Taxpayers Information Summary’. ‘Annual Information Statement’ provides

Clipped from: https://taxguru.in/income-tax/view-ais-annual-information-statement.html?utm_source=feedburner&utm_medium=email On 1st November, 2021 Income Tax Department has rolled out the new AIS (Annual Information Statement) on Compliance Portal which provides comprehensive view of financial transaction

lipped from: https://www.deccanherald.com/national/north-and-central/cscs-prepare-for-itr-filing-as-deadline-approaches-1064332.html CSC is a Special Purpose Vehicle under the Ministry of Electronics & IT, has readied 75,000 centres mainly in urban and semi-urban areas

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-with-salary-income-home-loan-other-incomes-for-fy-2020-21/articleshow/86001429.cmsThe first step in filing one’s Income-tax Return (ITR) is selecting the right tax return form. The applicable tax return form depends on the

Clipped from: https://www.thehindubusinessline.com/money-and-banking/re-examination-of-tax-incentives-to-encourage-philanthropy-urgently-required-csip-director/article38036286.ece Study says rate of incentives has declined due to policy changes even as lower personal income tax rates and abolition of inheritance and

Clipped from: https://www.business-standard.com/article/pf/things-to-remember-as-you-rush-to-file-your-return-ahead-of-december-31-121122400724_1.html To avoid any last-minute errors, one must remember to use the correct ITR form, collate all relevant income and expense documents for quick

Clipped from: https://economictimes.indiatimes.com/wealth/tax/who-has-to-file-income-tax-return-mandatorily/articleshow/78965134.cmsSynopsis As per income tax laws, ITR must be mandatorily filed if a resident individual’s total income during the financial year exceeds the basic

Clipped from: https://economictimes.indiatimes.com/wealth/tax/who-has-to-file-income-tax-return-mandatorily/articleshow/78965134.cmsSynopsis As per income tax laws, ITR must be mandatorily filed if a resident individual’s total income during the financial year exceeds the basic

Clipped from: https://economictimes.indiatimes.com/wealth/tax/why-itr-filing-deadline-for-fy-2020-21-may-be-extended-beyond-december-31-2021-for-individuals/articleshow/88336884.cmsSynopsis Compared to last year, i.e., FY2019-20, fewer number of taxpayers have filed their ITR this year in FY2020-21. It is yet to be

Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-purchase-of-agricultural-land-does-not-require-disclosure-in-itr/2385993/ You shall be required to file an ITR only if your income from running a beauty salon exceeds the threshold of Rs 2.5

Clipped from: https://www.business-standard.com/article/pf/choice-of-wrong-itr-form-can-lead-to-a-notice-from-income-tax-dept-121121600727_1.html Take into account the amount and nature of your income, and residency status when choosing form With the December 31 deadline for filing

Clipped from: https://www.business-standard.com/article/pf/capital-gains-or-rent-all-income-must-be-reported-in-income-tax-return-121122200797_1.html Capital gains on switching between MF plans, notional income from vacant property, minor’s income are ones taxpayers often overlook. Some early Income-Tax Return (ITR)

Clipped from: https://indianexpress.com/article/business/itr-filing-fy-2020-21-know-last-date-list-of-documents-required-to-file-income-tax-return-7684873/ Income Tax Return (ITR) Filing FY 2020-21 Last Date, documents required: Have you filed your income tax return (ITR) for the financial year

Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-annual-information-statement/articleshow/88353864.cmsSynopsis If the individual finds that some of the information stated in the AIS is not correct, he/she may file a feedback for amendment

lipped from: https://www.business-standard.com/podcast/finance/income-tax-return-and-types-of-itr-forms-121121901065_1.html The deadline for filing IT return is drawing close. Many wait till the last moment to finish the exercise, but that is not

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-check-itr-v-receipt-status-without-logging-into-your-e-filing-account/articleshow/86985935.cmsSynopsis Do keep in mind that the ITR must be verified within 120 days of filing it. Thus, if you are using the physical

Clipped from: https://www.deccanherald.com/business/family-finance/know-your-tax-on-dividends-and-sale-of-shares-1032207.html It is important to note that the benefit of indexation is not available for LTCG on the sale of listed shares Representative image.