Sign In
Buy AGE
$11.10
+0 (+0%)
At Close: Jun 25, 2024
Income Tax latest update: More time to file ITR for FY20, rectify FY19 returns
01:10am, Wednesday, 15'th Jul 2020
The government has extended the deadline for filing ITR for FY20 to November 30 and has given a one-time relaxation to those who have not verified their ITRs for AY16 to AY20.
Tax refunds for past years stuck in ITR filing process? You have an opportunity to get them now
04:37pm, Tuesday, 14'th Jul 2020
Apart from the statutory compliance, one of the motivating factors of filing Income Tax Return (ITR) is claiming the refund of excess taxes paid.
ITR filing: 5 things to know about new rule for verification of old ITRs
05:24am, Tuesday, 14'th Jul 2020
Under income tax return filing rules, you need to verify ITR within 120 days of uploading it.There are 6 ways to verify your old ITRs
Taxpayers asked to verify ITRs for AYs 2015-16 to 2019-20 by September 30
03:28pm, Monday, 13'th Jul 2020
A taxpayer filing Income Tax Returns (ITR) electronically without digital signature has to verify it using either Aadhaar one-time password (OTP)
I-T Dept Asks Taxpayers to Verify E-filed Tax Returns for Assessment Years 2015-16 to 2019-20 by Sept 30
03:27pm, Monday, 13'th Jul 2020
A taxpayer filing ITR electronically without digital signature has to verify it using either Aadhaar OTP, or logging into e-filing account through net banking, or by Electronic Verification Code (EVC)
Withdrawing cash and not filing ITR? Now pay TDS on cash withdrawals above Rs 20 lakh
10:22am, Monday, 13'th Jul 2020
CBDT said the data on cash withdrawal indicated that a huge amount of cash is being withdrawn by the persons who have never filed ITRs.
Income Tax Benefits for Senior Citizens: Know the advantages that elderly people enjoy
04:55pm, Friday, 10'th Jul 2020
Senior Citizens between 60 and 80 years of age and Very Senior Citizens above the age of 80 years enjoy additional tax benefits compared to those available to individuals below the age of 60 years.
TDS levy on cash withdrawal of over Rs 20 lakh from bank account if you haven't done this
04:23pm, Thursday, 09'th Jul 2020
As per the amended law, if an individual withdraws cash exceeding Rs 20 lakh in an FY from his/her bank account and has not filed ITR during the last three financial years then TDS will be leviable at
Here's how banks will find out if you have filed last 3 years income tax returns
01:13pm, Thursday, 09'th Jul 2020
The Budget 2020, has further expanded the scope of section 194N of the Income-tax Act, 1961 to provide different tax rates for two different class of persons and two threshold limits to deduct tax on
Tax Alert! Your share trading, other data will now be with Income Tax Department
09:28pm, Wednesday, 08'th Jul 2020
A formal Memorandum of Understanding (MoU) was signed today between the CBDT and SEBI, via video conference, for exchange of data between the two organisations.
ITR Filing FY 19-20: Key dates and things to remember
04:47pm, Wednesday, 08'th Jul 2020
ITR Filing: The last date for Income Tax Return (ITR) filing for AY 2020-21 has been extended by the Income Tax Department. It will be applicable for filing of ITR for the financial year 2019-20. Here
Income Tax Return Filing: ITR 1, ITR 2, ITR 3 or ITR 4 – How to select the right ITR form
01:38pm, Tuesday, 07'th Jul 2020
Selecting the appropriate Form is only the starting point of the tax return filing process and taxpayers have to ensure compliance with other requirements as well.
New TDS rules: How much tax is deducted for making cash withdrawals from bank
01:49am, Tuesday, 07'th Jul 2020
If you have been withdrawing large sums of cash from your bank then you may have to pay a higher rate of TDS now.The income tax department has changed TDS rules from July 2020
Can I claim HRA tax exemption for rent paid to spouse while filing ITR?
12:35pm, Monday, 06'th Jul 2020
You can certainly claim the rent paid to your wife as an expense for the part of the premises used for your business or profession but generally, it is more onerous to prove a commercial relationship
Income tax department amends TDS rules, seeks more disclosure in form
05:58am, Sunday, 05'th Jul 2020
TDS forms have now become more comprehensive with new changes.The income tax department has tightened the noose on high-value cash transactions by imposing TDS on high-value cash transactions
