Income tax return

Pay Upto Rs 5000 Penalty If Income Tax Not Filed By March 31; Double TDS, And No Interest On Refund! As we all know, the last date for filing your income tax return (ITR) for the financial year 2020-21 (AY 2021-22) was March 31. …

Pay Double TDS/TCS From July 1, If You Haven't Done This (New Income Tax Rules) For those who haven’t filed Income Tax Returns (ITR) yet, it is high time to do so since if you do it after July 1 then it would attract a higher TDS/TCS…

Banks Will Deduct Tax From Your Cash Withdrawal By Checking Income Tax Returns Sounds Scary! Isn't it? Now there is no running away for tax collectors anymore as they have imposed these rules. How Does It Work? So, consider the…

Income Tax Officers Ordered To Work From Home & Catch Tax Evaders; But Is This Ethically Correct? The Income-Tax Department has asked field formations to contact large taxpayers over phone or email to follow up on pending…

Income Tax Dept Launches e-Calculator For Finding Out Tax You Need To Pay: Compare Old & New Tax Rates As per the reports, the Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if…

Income Tax Dept Releases List Of Official Email IDs, SMS IDs To Stop Frauds, Scams (Complete List Here) As per the reports, the income tax department has released a list of all email ids, SMS sender ids and even websites used by the…

Its been a long time since the Government of India announced that linking of PAN and Aadhaar card is mandatory. And for those who haven't linked their Aadhaar card to PAN card yet, 31st March 2019 has been declared as the last date to do…

Income tax return process, which was previously a tedious span of 63 days, will now be processed in one day! Thanks to Union Cabinet and Infosys, who will employ the next generation system for processing Income tax return filing.

Much to the relief of tax payers in the country, Finance Ministry has issued a fresh notification regarding filing of Income Tax for the financial year 2014-15 (Assessment year 2015-16) making the process even simpler. As per the…

When it comes to income tax in India, the salaried individuals, especially the ones who earn over 10 Lakh a year have to pay much higher taxes. Infact, the taxes are so high that they fork out some of the highest taxes in percentage terms.…