How to file ITR: If you approach a bank for home, car or personal loan, they ask for your income tax return filings of previous years
As per the I-T department, while traveling abroad, cash transaction to buy US dollar or other foreign currency is permitted only up to a certain limit
It is a standard practice to ask for IT returns for three years and its unavailability is going to create hurdles for those applying for home loans
Gifts received and loans (with or without interest) from relatives in the form of money, jewellery, property, vehicle, etc. are tax-free
In the new system, taxpayers will be able to pay their taxes on the same portal and it will reflect in returns
New ITR e-filing website: Check out the look of the new website of the Income Tax e-filing portal
Giving key highlights of the portal, the CBDT said all interactions and uploads or pending actions will be displayed on a single dashboard for follow-
It is important that the family knows how to deal with the financial matters of the deceased member and does not suffer from any harassment
The e-filing portal is used by the taxpayers to file their income tax returns (ITRs) and also to raise complaints seeking refunds
"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