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ITR filing: Beware of these mistakes
In this video, Money9's Priyanka Sambhav lists the six types of income that many taxpayers forget to mention while filing returns.
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Rise in Tax collection indicates brighter economic future
During the corresponding period of FY 2019-22, the pre-Covid year, the direct tax collection was Rs 4.4 trillion
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ITR filing FY21: 9 documents you need
The new ITR forms need a taxpayer's break-up of interest income received from sources like savings account, fixed deposits, etc.
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Here's a complete guide on income-tax benefits for startups
There is a wide difference between the number of start-ups recognised by the DPIIT and the start-ups granted deduction under section 80-IAC of I-T Act
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I-T Portal: Finance minister’s deadline over, taxpayers continue to face glitches
Infosys was tasked with ironing out all issues by September 15. Individual taxpayers continue to find it difficult to file their IT returns.
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IT Refunds: CBDT issues over Rs 70,120 crore till Sept 6
CBDT issues refunds of over Rs. 70,120 crore to more than 26.09 lakh taxpayers between April 1, 2021, to September 6, 2021.
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Progress in addressing glitches in the income tax portal
The CBDT has said 76.2 lakh taxpayers used the new portal to file returns; the ITR filing deadline is September 30
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CBDT extends deadline for taxpayers to file settlement claim
The central government had constituted the ITSC to dispose off the pending settlement applications as on January 31
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IT Portal: AI-based system to check ITR filing discrepancies
The AI-enabled system will check for discrepancies between the data disclosed by an assessee and match it against the data fetched from stock exchange
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CBDT allows authentication of records via e-verification code
So far certain faceless assessees were required to authenticate records separately through digital signature
