ITR
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Submit these supporting documents to your employer to claim tax deductions
It is that time of the year when employers begin to ask for the submission of income-tax proofs from you. The tax...
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1.9KTDS on Cash Withdrawal: New Income Tax notification details and who will be affected – Explained
The Ministry of Finance recently notified Form 26QD for TDS Return and Form 16D for TDS Certificate under section 194M and 194N...
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Declare tax dues before this date and avoid penalty, interest: Solve tax disputes under this scheme
The deadline for announcing tax dues under Sabka Vishwas dispute resolution scheme is inching closer. Under the government scheme, those who make...
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Ignored tax demand? Now pay interest at 1% per month
Three years ago I got a tax demand for Rs 25,000. After that I went abroad and ignored it and did not...
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How investors can benefit from corporate tax cuts
The mini budget announced by finance minister Nirmala Sitharaman on September 20, 2019, leading to the biggest-ever reduction in corporate tax rate...
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Income tax department admits error in charging late ITR filing fee
The income tax department has admitted that there has been an inadvertent error while processing income tax returns (ITR) of partners of...
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Tax talk: Why you need to file your ITR on time
Taxpayers are required to file their income tax return (ITR) before the set due date of the assessment year (AY). The government...
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Income Tax raids: Know what the I-T Act says
Apart from penalty for various defaults, the Income-Tax Act also contains provisions for launching prosecution proceedings against the taxpayers for various offences....
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If you use Aadhaar for ITR filing, PAN will be auto-generated
The Income Tax Department today announced that it will automatically issue PAN to all taxpayers who do not have a Permanent Account...
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200 ITRs filed every second, 49 lakh in one day
Indians are taking to the digital world in a big way for more diverse reasons, which include filing their Income Tax Returns....
