ITR FILING GUIDE

What is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR)

ITR filing for FY2023-24: Form 26AS is an important document for filing your income tax return (ITR). It shows the dates and amounts of advance tax payments and consolidates all your financial transactions.

Fake notice from Income Tax Department: Know how to spot a sham notice sent by a scamster

Income tax notice: There have been some instances of people receiving a fake income tax. Save yourself from this scam and learn how to spot a fake income tax notice. For example: a real income tax notice will never have a payment link inside it. Read here to know more about real income tax notices.

Dealing with income tax notices, intimations or letters? This new feature in ITR portal will make your life easier

Income tax e-filing ITR portal: Two new changes were made specifically on the e-Proceedings tab of the e-filing ITR portal. The e-Proceedings tab houses all income tax notice, intimations and letters issued by the income tax department. With these changes implemented in the e-filing portal, taxpayers who have multiple tax proceedings would benefit.

Income Tax dept is calculating your advance tax liability by tracking these financial transactions: Here's how to check on compliance portal

The Income Tax Department said, "The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. This information is reflected in the Annual Information Statement (AIS) module and is available to the persons/entities for viewing. The value of ‘Significant Transactions’ in the AIS has been used for carrying out this analysis." Read here to know what are these 'specified financial transactions'.

How to file income tax returns: A step-by-step guide for NRIs

Every financial year, NRIs must first ascertain their residential status. According to the Income Tax Act of 1961, a non-resident Indian who travels to India or an Indian citizen who leaves the country for work may stay in the country for up to 181 days without losing their non-residential status. According to the Income Tax Act, 1961, a person would be regarded as a resident of India for any prior year if any of the following criteria are met: If the individual spent 182 days or more in India the year before, or if the individual spent 60 days or more in India the year before and 365 days or more in the four years that directly preceded the prior year. If a person does not meet the aforementioned requirements, they will be considered non-resident for that particular year.

​Worried about income mismatch in ITR? Here's how the compliance portal can help you fix it with certain income

Income tax mismatch: To help individuals identify the cause of income tax mismatch, the tax department has launched a new scheme called 'E-Verification Scheme 2021'. Under this scheme all information relating to mismatch of income tax data has been displayed. However if an individual cannot fix these mismatches or explain the reason, they may get an income tax notice.

Income tax made easy: NRIs' complete guide to income tax filing

Srishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Explore tax-saving instruments, tax-exempt proceeds, and financial compliance.

​Ram Mandir inauguration: You can save tax by donating money to Ayodhya Ram Mandir; here's how

Ayodhya Ram Mandir inauguration: An individual can donate money online to ​Shri Ram Janmabhoomi Teerth Kshetra Trust to help in repair/rebuilding of Ram Mandir. Further all individuals who have donated money online and up to Rs 2000 in cash would get an income tax deduction under section 80G. Read here to know more.

Missed ITR filing deadline of July 31 for FY 2022-23? Don’t forget to file belated ITR by Dec 31

If you have missed the income tax return (ITR) filing deadline of July 31, 2023, then you have time till December 31, 2023 to file a belated ITR. Also, if there is a mistake in the belated or original ITR, then also you can file revised ITR. The last date to file belated and/or revised ITR is December 31, 2023.

How to correct income tax challan mistake online on e-filing portal

Now it is possible to correct mistakes made in tax payment challan online via the e-filing ITR portal. This new feature was recently introduced by the income tax department and it allows changes of tax challans from AY 2020-21 (FY 2019-20) onwards. Read here to know how to use this feature.

Is there a penalty for filing revised income tax return (ITR) after July 31?

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ITR Filing FY2022-23: Do you need to revise your income tax return (ITR)? Find out here

ITR Filing FY2022-23: Revised income tax returns for the current assessment year can be filed till 31 December 2023. The revision can be done even after the return has been processed by the tax department. If you made a mistake in your tax return, you can rectify it by filing a revised return. Find out why, when and how to do it.

How to file belated ITR online for FY 2022-23 (AY 2023-24)?

If an individual has missed the deadline of July 31, 2023 to file their income tax return (ITR) for FY 2022-23, then he/she may still file a belated ITR by paying a penal fee. However if an individual's income is below the basic exemption limit then there is no penal fee for filing belated ITR.

ITR filing last date: Over 6.5 cr income tax returns filed for 2022-23 fiscal till 6 PM

Filing ITR and facing issues on e-filing portal? Income Tax Department has solutions for you

Many taxpayers turned to Twitter to express their dissatisfaction with the income tax department's official handle. The department has provided solutions in response to numerous taxpayer tweets.

Want to file ITR online? Check charges of six different income tax return filing websites

Read here to know what are the charges for expert assisted and self-assisted ITR filing across six different websites- Clear, TaxBuddy, Quicko, Tax2Win, myITreturn and TaxSpanner. Further if you are not sure of filing your ITR by your own virtue, you can always hire an CA from either these websites or from outside. Charges for this service is extra.

ITR filing for FY 2022-23: Which income tax return form applies to you

Contrary to the norms, the Central Board of Direct Taxes (CBDT) notified the income tax return forms for FY 2022-23 (AY 2023-24) in February 2023, instead of April usually. While filing ITR for AY 2023-24, one needs to ensure that they have picked the correct ITR forms depending on the sources of their income. Else their ITR will be termed as defective.

How to file ITR-1 for FY 2022-23 with salary, income from house property and other sources

The income tax return filing season is upon us. Most salaried individuals are eligible to file their tax returns using ITR-1 form. This tax return form is also known as 'Sahaj'. However, not many people know the steps to file ITR-1 on the income tax e-filing portal. Here is a step by step guide of filing ITR-1 on the income tax e-filing portal.

How consultants and freelancers can file ITR online on the e-filing income tax portal

Read below to find out how people who work as consultants and freelancers file their income tax returns (ITR) online on the e-filing website. Do note that income tax rules for consultant and freelancers incomes are different than those for salaried individuals. A consultant is eligible for certain business expenses that salaried individual cannot claim.

Today is the last day to file ITR for AY 2023-24: A step-by-step guide to file income tax return

Today is the last day to file income tax return for FY 2022-23 (AY 2023-24). If you still have not filed it, then you should it do as soon as possible to avoid penalty of up to Rs 5,000. Here is a step by step guide on how you can file it.

Four critical changes in ITR filing process this year that you should know

If you are trying to file your income tax return in the last minute, then there are certain changes in the process of filing income tax return (ITR) that one should know. If an individual knows about this, it will help him/her to avoid making any mistakes or confusion in the last minute.

How to use income tax department's co-browsing feature for getting free ITR filing support

Are you willing to file your income tax return (ITR) by your own virtue? Then you may want to use co-browsing feature of the income tax department. It is an free of cost ITR filing assistance service offered by the income tax department.

How to pay income tax on income tax e-filing portal in 9 easy steps

If you are paying self-assessment, advance tax or any other type of tax, then you will have to use the new income tax return (ITR) portal to pay the income tax. There are multiple online and offline payment options available on the new ITR portal. Read here to know how the payment can be made.