ITR FILING GUIDE
ITR filing: Credit card and forex spend reported separately by banks in AIS, know the impact and what you can do Income tax return: While filing your ITR make a note that banks are now reporting total forex spends as a separate category in addition to total credit card spends. According to Gopal Bohra, Partner, N.A. Shah Associates, "Transactions through inter...
02 Jul, 2024, 03.01 PM ISTHow to claim income tax refund online when filing ITR for FY 2023-24 How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes than you owe. You can claim the refund when filing your income tax return (ITR) by the deadline of July 31, 2024 for FY 2023-24 (AY 2024-25).
02 Jul, 2024, 01.18 PM ISTIncome tax refund: How to raise refund reissue request; a step-by-step guide Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form electronically. The refund is typically credited to the taxpayer's account in four to five weeks. If your refund has failed, you have to submit a “R...
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What is AIS, how to download it and how it helps taxpayers in ITR filing? What is AIS, how to download AIS: Annual Information Statement (AIS) is a statement introduced by the income tax department in 2021. This statement is a comprehensive which help individuals and other taxpayers to get access of most of their financia...
26 Jun, 2024, 05.20 PM ISTITR 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. Be...
26 Jun, 2024, 05.12 PM ISTITR filing: 6 precautions to take while filing ITR ITR filing: 6 precautions to take while filing ITR
21 Jun, 2024, 01.25 PM ISTError in AIS: How to correct errors in Annual Information Statement to file ITR ITR filing: The Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayers can provide feedback on information displayed in AIS.
21 Jun, 2024, 12.45 PM ISTHow to download Form 26AS to file ITR18 Jun, 2024, 01.31 PM IST Interest certificate for filing ITR: How to download interest certificate from SBI, HDFC Bank, ICICI Bank, Canara Bank, Axis Bank Interest certificate for filing ITR: Here is how to download interest certificates from top banks such as SBI, HDFC Bank, ICICI Bank, Canara Bank, Axis Bank, and Kotak Mahindra Bank.
18 Jun, 2024, 01.13 PM ISTWhat 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.
12 Jun, 2024, 05.19 PM ISTFake 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. Rea...
25 May, 2024, 01.09 PM ISTDealing 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 c...
10 May, 2024, 10.23 AM ISTHow to file income tax returns: A step-by-step guide for NRIs In addition to residents, anyone earning income abroad is subject to the Indian Income Tax Act of 1961. The benefits and income tax laws that apply to them are very different from those that apply to resident Indians. The several laws, norms, and gu...
09 Mar, 2024, 11.59 AM ISTWorried 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 ...
06 Mar, 2024, 10.22 AM ISTIncome 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.
04 Mar, 2024, 03.16 PM ISTMissed 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 las...
29 Dec, 2023, 11.12 AM ISTITR 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, y...
28 Aug, 2023, 06.30 AM ISTITR filing last date: Over 6.5 cr income tax returns filed for 2022-23 fiscal till 6 PM Over 36.91 lakh people have filed their income tax returns on Monday until 1800 hrs, taking the total number of ITR filing for assessment year 2023-24 to 6.5 crore. The last date for ITR filing by salaried persons and entities which are not required...
31 Jul, 2023, 08.11 PM ISTHow 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...
31 Jul, 2023, 03.56 PM ISTToday 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.
31 Jul, 2023, 10.32 AM IST