Category: Income Tax

Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-return-filing-heres-your-step-by-step-guide/articleshow/69968042.cmsSynopsis Filing your income tax return before the deadline i.e. November 30, 2020, for FY 2019-20 offers certain tax benefits. These benefits include carry

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-online/articleshow/69441344.cmsIt is important that you pick the right form to file your income tax return (ITR). This is because if you use the wrong form then

Clipped from: https://www.businesstoday.in/money/tax/itr-2020-21-made-high-value-expenses-no-exemption-from-tax-filing/story/419805.html Many times, the taxable income of the taxpayers comes below the basic exemption limit due to rollover of capital gain due to which

Clipped from: https://www.thehindubusinessline.com/portfolio/big-story/how-your-salary-perks-are-taxed/article32931148.ece?homepage=true Your employer might provide you perquisites such as reimbursements, stock options and accommodation. Taxes on these are usually deducted at source by the

Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-online/articleshow/69441344.cmsIt is important that you pick the right form to file your income tax return (ITR). This is because if you use the wrong form then

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/your-taxes/article32929234.ece I am a senior citizen. I borrowed ₹5 lakh in January 2005 from my brother. Subsequently, in June 2005, I conveyed my residential property

Clipped from: https://www.business-standard.com/article/pf/mistakes-you-should-avoid-while-filing-your-income-tax-return-this-year-120102300914_1.html An incorrect form can render the return defective; under certain circumstances, you may have to file a return even if your income is

Clipped from: https://www.businesstoday.in/money/tax/itr-filing-2019-20-dont-forget-to-use-two-new-tax-deductions/story/419174.html I-T filing 2019-20: Since the current tax filing involves the income earned during the financial year 2019-20, you must check all deductions allowed

Clipped from: https://www.business-standard.com/article/economy-policy/clamour-grows-for-extended-deadline-for-tax-audit-income-tax-returns-120102001558_1.html The deadlines for tax audit and income tax return filing stand at October 31 and November 30, respectively Citing operational and practical difficulties

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/income-tax-survey-to-be-conducted-only-after-nod-from-high-ranked-officers-says-cbdt/articleshow/78771306.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The CBDT has issued directions to the officers that where any survey action is required by officers of “Central Charge” (involving search/ seizure),

Clipped from: https://www.businesstoday.in/current/economy-politics/income-tax-how-to-avoid-common-mistakes-while-filing-itr/story/419486.html The deadline for filing income tax returns (ITR) for financial year 2018-19 has been extended by two months till November 30 The last

Clipped from: https://www.business-standard.com/article/opinion/cbic-clears-air-on-faceless-assessment-issues-120101900038_1.html The CBIC has decided that all Saturdays (except second Saturday) will be working days for all the faceless assessment groups (FAGs) and port

Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-lack-of-instructions-makes-itr-filing-difficult-for-ay-2020-21/2107844/ Along with uploading Excel and Java utilities of ITR Forms, CBDT also publishes the PDF files containing instructions to help filing of the