Budget 2021 had brought in a provision which mandated that non-filers of ITRs for past two fiscal years would be subjected to higher TDS
If an individual misses the deadline of self-assessment tax, then under Section 234 A, a penalty will be levied
To provide relief to the taxpayers, The Central Board of Direct Taxes has provided relaxation in respect of various compliances
The legal heir is the deemed assessee, so if he/she chooses not to file the return, the I-T department will carry out proceedings the same way they wo
There has been a 9% growth in online ITR filing for FY21 with 7.38 crore users compared to 6.77 crore users in FY20. However, in the Assessment Year 2
Individuals receiving income from sources other than business or profession can file ITR 2. Also, those individuals who cannot file ITR 1, will be eli
From April 1, interest on EPF exceeding the limit of Rs 2.5 lakh in any year will be taxable during withdrawal
If you fail to file your tax return by the stroke of midnight, you might have to face IT Department enquiry and later pay penalty and interest on the
This time of the year when salaried professionals have to submit proof of tax saving investments. “If you don’t submit your investment proofs
If you are someone who tends to forget dates of tax-related filing deadlines, then you need to bookmark this link.