INCOME TAX E FILING PORTAL
Despite filing ITR successfully tax refund may not be credited into your bank account due to this issue
Income tax refund: No refund of income tax is given in case your name in the PAN and bank account is not the same. Even if there is a slight mismatch in the name, the tax department may stop the tax payment. Read below to know what are your options and how to get tax refund in such cases.
ITR filing: How to file income tax return when you have more than one Form 16 due to job change
Form 16 is a TDS certificate that provides information on the salary paid and tax deducted by an employer. Employers must issue Form 16 to employees by June 15. This allows individuals to file their ITR by July 31, 2024 for the financial year 2023-24. Those who change jobs in a year need Form 16 from each employer.
Will ITR filing deadline be extended beyond July 31, 2024? ICAI writes to tax department with 9 issues regarding Form 26AS, TIS, AIS, e-filing income tax return forms
Will the ITR filing deadline be extended? Various associations of chartered accountants have contacted the tax department to highlight the challenges faced by taxpayers and professionals when using the e-filing ITR portal.
Last date to file ITR is July 31; Taxpayers take to social media to complain about issues with e-filing portal
Glitches on e-filing ITR portal: It's important to keep in mind that if you wait until closer to the deadline to file, you may experience technical difficulties on the e-filing portal and encounter other issues. Therefore, it's advisable to complete your filing well before the due date to avoid potential problems.
How to file ITR online: A step-by-step guide
How to file ITR: The deadline for filing your income tax return (ITR) for the financial year 2023-24 is July 31, 2024. Many individuals will likely be busy completing the filing process. If you haven't filed your ITR yet, it's important to understand all the necessary details and steps to meet the deadline. Here is all you need to know about the ITR filing process according to the Income Tax Department's website.
You have 30 days to e-verify your ITR to complete the process
To finish the return filing procedure, you must not only file your income tax returns on time, but also confirm that they were filed within the allotted time frame. If this isn't done in the allocated time, the ITR will be void. Should the assessee fail to validate the ITR within the specified timeframe, it would be considered invalid or not submitted.
- Go To Page 1
Save income tax with medical expenses: Claim deduction while filing ITR u/s 80DD and 80U on treatment cost of a disabled person
Income tax return filing: You are eligible to claim a tax refund for expenses incurred for a disabled person including medical treatment. These deductions can be claimed either under section 80DD or 80U. However if the disability is autism, cerebral palsy or multiple disability then Form-10IA needs to be filed. The deadline to file Form-10IA is July 31, 2024.
Dividend received from shares and MF is taxable; Here’s how to reduce your tax outgo from dividend income in your ITR
Dividend from shares and MF: You have to pay income tax on all dividend received, however there is a way using which you can reduce the net tax outgo on dividend income. "Only interest expenses are allowed as a deduction from dividend income," says Neeraj Agarwala, Partner, Nangia & Co LLP.
Reporting foreign income in income tax return: How to report foreign income, equity share in ITR form
Reporting foreign income in ITR: Individuals who have assets and income from overseas sources are mandated to utilize either ITR 2 or ITR 3 forms when filing their tax returns. This is because Schedule FA, which is specifically designed for reporting foreign assets and income, can be found in these forms.
How to file ITR-2 form: 10 documents you need to file ITR-2
How to file ITR-2 form: ITR-2 can be filed using the income tax department's Excel or Java programs, or online through the e-filing portal. Let's look closer at who should file ITR-2 and the important documentation required for filing.
How to file ITR-2 online with salary, capital gains and other incomes for FY 2023-24 (AY 2024-25)?
ITR-2 can be filed using the Excel or Java utilities provided by the income tax department, or online directly through the e-filing portal. This guide outlines the most effective way to file ITR-2 online, including examples of reporting salary, capital gains, and other incomes in the tax return form.
What is the difference between ITR-1 and ITR-2 forms?
ITR forms to use: When you file your income tax return, it is imperative to select either ITR 1 or ITR 2, based on your income sources for the fiscal year. Utilizing an incorrect form may prompt correspondence from the tax authority, necessitating rectification. Therefore, it is crucial to use the appropriate form to avert this situation.
ITR filing deadline should be permanently extended beyond July 31: Salaried get only 45 days to file tax returns
ITR filing deadline extension: The due date to file income tax return by a salaried individual is July 31, 2024 for FY 2023-24 (AY 2024-25). However, in reality salaried taxpayers get only 45 days to file their income tax return. Here are some reasons and why there is a need for permanent ITR filing deadline extension.
Now paying income tax through select credit cards can be rewarding; know how to pay income tax through credit cards
Tax payment using credit cards: "Currently, only a select few cards, such as the HDFC BizBlack and HDFC BizPower credit cards, offer rewards for tax payments. Besides these you can also use other credit cards which provide milestone benefits even on paying income tax using it like SBI Vistara Cards/IDFC Vistara Card," says Ankur Mittal, co-founder and CTO, cardinsider.com
TDS deduction from salary not enough: Salaried employees must file ITR despite tax deducted by employer
Income tax return for salaried: You need to file your income tax return even if you do not need to pay any income tax due to section 87A tax rebate. Also if you think that since TDS has been deducted from your income, you need not file ITR, then this notion is wrong.
Income tax return: Who is not required to file an ITR for FY2023-24?
It is mandatory to file an income tax return (ITR) for the financial year 2023-24 while some individuals are exempted from this rule. Who are they? When are you not required to file an income tax return for the assessment year 2024-25? Read here to find out.
ITR filing: How to check income tax refund status online
Income tax refund status: If you've overpaid taxes for a financial year, you can claim an income tax refund after filing your income tax return (ITR). The refund is issued after your ITR is processed and confirmed via an intimation notice under section 143(1) of the Income-tax Act, 1961. The deadline for filing returns for FY 2023-24 (AY 2023-24) is July 31, 2024.
Filing a nil ITR: 6 unexpected benefits from getting a travel visa, loan, scholarship and more
Benefits of filing an ITR: There are multiple benefits of filing an income tax return (ITR). As per Swapnil Bhaskar, Chief of Strategy, Niyo, "Filing an ITR can significantly help an individual secure a travel visa. ITR provides proof of income and hence many embassies ask for the last three years' ITR to evaluate applicant's financial stability and history."
Income Tax Return: How to select old tax regime while filing ITR for FY2023-24
Remember that the new tax regime has become the default tax regime from the assessment year 2024-25. Most of the popular deductions such as Section 80C, Section 80D, and HRA are not available in the new tax regime so if you want to claim such deductions you can choose the old tax regime while filing ITR.
Income Tax Return Filing 2024: Steps to file ITR without form 16
ITR filing: Some employees who receive a salary and self-employed individuals may not get Form 16. This can cause confusion when filing their Income Tax Return (ITR) because Form 16 is an essential document for this process.
How to file ITR for FY23-24: Claim deductions, exemptions carefully while filing income tax return or you may end up in jail
Two out of three respondents in our survey believed honest people pay more tax, while one out of five respondents felt that the tax authorities were lenient with dishonest people. “Taxpayers feel they are not getting anything in return for the tax paid. They use this belief as a justification for evading tax,” says Kaushik of TaxSpanner.com. Be careful while fining income tax return for the financial year 2024-25 or assessment year 2024-25.
ITR filing FY23-24: Want to reduce tax outgo? Know which deductions you can claim in old and new tax regime
Income tax return: While filing ITR you can claim certain tax deductions to reduce your total income tax outgo and increase the tax refund amount. According to CA Shreya Jaisal, "You can still claim additional deductions in your ITR even if they are not appearing in your Form 16, provided you have legitimate proof for it."
Know your ITR filing Status: 5 different types of income tax return statuses
"ITR status shows the current status/stage of your filed ITR. Once your ITR has been filed, you may check if it has been accepted and processed by the Income Tax Department. In certain cases where some discrepancies are found, you may need to respond to the communication from the ITD. Hence, it is advisable to periodically check your ITR status," as per the tax department's website. Let us take a look at important FAQs on ITR filing status as per the tax department's website.
How to reset password on e-filing portal to file ITR
The Forgot Password service is available to all registered users on the e-Filing portal. With this service, you can reset you e-Filing portal password with e-Filing OTP / Aadhaar OTP / Bank Account EVC / Demat Account EVC / Digital Signature Certificate (DSC) / Net Banking, according to the FAQs on the Income Tax Department's e-filing portal. Let us now look at how to reset your e-filing account password, as per the tax department's website.
ITR filing documents FY2023-34: Dos and don'ts for scanning and uploading attachments on e-filing portal
Here is the list of documents required for ITR filing that you must collect and keep handy: PAN and Aadhaar, Form-16 from your employer, Form 16A from banks and other TDS certificates, Interest certificates, Annual Information Statement (AIS), Form 26AS, Form 26AS, Capital gains documents, Tax saving investment and expenditure proofs, Foreign income and unlisted shares proofs, Bank account details.
ITR filing: Comparison of ITR filing charges across different websites: Cleartax, TaxBuddy, Tax2Win, KoinX, TaxNodes, TaxSpanner
ITR filing charges: This article compares the price of filing ITR across different third party websites like Clear, TaxBuddy, Tax2Win, KoinX, TaxNodes, Quicko and others. Filing of ITR is always free on the income tax department's e-filing ITR portal, however if you need any specialised assitance then you either need to hire a CA or use any of the third party websites.
ITR filing FY2023-24: How to register online on e-filing portal to file income tax return; a step-by-step guide
How to register on e-filing portal to file ITR: To file your income tax return online, new taxpayers must first sign up online. Signing up on the e-Filing website enables you to utilize the various features and tax services offered by the portal. Below is a detailed guide to registering online on the e-filing portal for the purpose of filing income tax returns.
Should you file ITR if your income is less than Rs 7 lakh with nil income tax?
Income tax return: Taxpayers have to file ITR if their income level exceeds the basic exemption limit or they have conducted certain specified transactions. Experts say that most taxpayers have a misunderstanding that if tax is not payable then filing of ITR is not mandatory. However this is not the case always. Read here to know more about ITR filing.
ITR filing: How to view Annual Information Statement (AIS) for filing income tax return
The Annual Information Statement (AIS) is a complete perspective of a taxpayer's information provided on Form 26AS. Taxpayers can give comments on the information shown in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section (i.e. TDS, SFT, Other information). Before filing returns, one needs to check and verify AIS.
Load More
