If there are discrepancies in the income tax return, the income tax department may issue a demand notice
The company has been engaging with the Chartered Accountant community to resolve the portal issues.
In this video, Money9's Priyanka Sambhav lists the six types of income that many taxpayers forget to mention while filing returns.
Infosys was tasked with ironing out all issues by September 15. Individual taxpayers continue to find it difficult to file their IT returns.
It is universally true that any simple tax system leads to better compliance and the government must strive for it on both direct and indirect taxes.
A tax return should be filed in the Assessment Year, which is the year after the end of a financial year
Money9 gives you a list of the nine most important documents needed by many at the time of filing ITR.
ITR: Investing in gold via sovereign gold bonds will attract a different tax liability compared to purchasing physical gold.
It is better to file your tax early as it will help to have peace of mind by avoiding penalties. It will also help in getting your refund if any.
Here is a list of common mistakes people make while filing income tax returns.