When a person's gross total income exceeds the exemption limit, they have to file an Income Tax Return (ITR)
Last date for filing income tax returns for the financial year 2020-21 has been extended till September 30, 2021, which was earlier July 31
On the 161st anniversary of Income Tax day she complimented the department for simplifying the procedures, processes and making things simpler
On the 161st anniversary of Income Tax Day, she complimented the I-T dept for continuing to work towards simplifying its procedures and processes
Filing income tax returns is mandatory by law, and if it isn't done correctly or on time, it can attract a penalty
This was done in view of the difficulties faced by tax payers in filing of the forms online on the official website
Even if your income is below the exemption limit, filing of return is mandatory if you have overseas assets or deposits worth more than Rs 1 crore
For taxpayers' benefit, the Union government recently extended deadlines for several tax-related tasks
Even after two weeks of the meeting and over a month of the portal launch, users still continue to encounter multiple problems
Gifts received from your family aren't considered part of the extended income or 'income from other sources'. Hence, it's tax-free