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File ITR within original deadline to avoid interest penalty
"There is a misconception that if the deadline has been extended, there is nothing to worry about," said Anurag Jain, Partner, ByTheBook Consulting.
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Understanding Form 16
Form 16 is a certificate in which your employer certifies the amount of salary you earned throughout the year and the amount of TDS deducted
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File ITR for these benefits even when income is non-taxable
When a person's gross total income exceeds the exemption limit, they have to file an Income Tax Return (ITR)
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Top 9 mistakes to be avoided while filing income tax returns
Filing income tax returns is mandatory by law, and if it isn't done correctly or on time, it can attract a penalty
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PAN, Aadhaar, passport, driving license of deceased: Here’s what you need to know
During lifetime these documents are extremely crucial and needed for almost every other job from buying a SIM card to checking in at a hotel
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New e-filing portal promises faster IT returns, seamless experience
The new portal is supposed to go live on Monday, June 7, and would be followed by a mobile phone app a few days later
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New e-filing portal to be mobile friendly, have user manuals, videos: Income Tax Department
The e-filing portal is used by the taxpayers to file their income tax returns (ITRs) and also to raise complaints seeking refunds
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Taxman’s notice at your doorstep if you have made any of these transactions
If a savings account holder deposits more than Rs 10 lakh in a financial year, the Income Tax department may issue a tax notice
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Tax Refunds: Over Rs 25,000 crore issued to taxpayers, says CBDT
The refunds issued in the 2020-21 fiscal was 43.2 % higher than Rs 1.83 lakh crore issued in 2019-20 fiscal, which ended March 31, 2020.
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New ITR: Tax payment by credit card, details of shares, MF transactions likely
"The IT Department wants to signal to the taxpayer that there is nothing that evades its vigil. So, they want the taxpayer to disclose everything upfr
