2018-19: Annual income tax returns by June 30, 2020

Finance Minister (FM) Ms. Nirmala Sitharaman announced that tax payers could file their annual income tax returns by June 30 instead of the March 31 deadline for the financial year that ended March 31, 2019.  In this year’s Budget announced on February 1, 2020, the centre …

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FY 2017-18 DUE DATES OF FILING INCOME TAX RETURN

FY 2017-18 DUE DATES OF FILING INCOME TAX RETURN   Income Tax - Filing

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19 Changes in Income Tax laws in FINANCIAL YEAR 2017-18 For Salaried Persons

19 Changes in Income Tax laws in FINANCIAL YEAR 2017-18 For Salaried Persons By Mr. Amit Kumar, Apnaplan.com Changes in Income Tax (IT) laws from April 2017 The financial bill 2017 (commonly known as Budget) has been passed by the Lok Sabha with some amendments. This bill deal…

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Beware of Phishing emails from fake Income Tax Dept. ids

Beware of Phishing emails from fake Income Tax Dept. Ids By Mr. Amarpal Chadha, EY India Mr. Akshay got an e-mail to complete his return of income by authenticating his bank account details so that a refund of Rs. 19,870 could be credited to him in a week’s time. He happily …

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Who needs to file INCOME TAX returns?

Who needs to file INCOME TAX returns? 1. If your income exceeds the basic exemption limit, you are required by law to file a income tax return 2. It also becomes compulsory for those who wish to carry forward a loss or /  claim a refund 3.  If you have long-term capital gains …

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What are Benefits of Filing Income Tax Returns on Time

What are Benefits of Filing Income Tax Returns on Time by Mr. Amarpal Chadha & Shanmuga Prasad The time for filing income tax (IT) returns is once again upon us. Most people regard this task as a burden. But filing returns will in the future help you account for certain …

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E - Filing Login Through Net Banking - Income Tax

E - Filing Login Through Net Banking - Income Tax The link  https://incometaxindiaefiling.gov.in/e-Filing/ResetPassword/netBankingInst.html

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E-Verification of Returns User Manual - Income Tax

E-Verification of Returns User Manual - Income Tax  The link  https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/e-Verification_User_Manual.pdf

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Rectifying income tax returns..!

Rectifying income tax returns..! After an income tax return is filed, it is processed by the CPC, Income Tax Department. However, after processing, if an assessee realises that some income was not reported, or some deduction was not availed of in the return computation, it i…

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Filed your Income tax Return? Do not forget to verify it..!

Filed your Income tax Return? Do not forget to verify it..! SURAJ GOEL & PREETI MOTIANI, ET Filing your tax return is not enough. You also need to verify it to complete the process. Here's how to do it. Though the tax filing deadline is still a week away, many taxpayer…

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Late filing of income tax returns: Mandatory fee applicable for Assessment Year 2018-19

Late filing of income tax returns: Mandatory fee applicable for Assessment Year 2018-19 By Mr. Suresh Surana, RSM Astute Consulting Group  Section 234F is a new provision introduced by the Finance Act, 2017 which states that fees shall have to be paid mandatorily for late fi…

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