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New Delhi: All the tax payers that have filed their Income Tax Return are eligible to get refund if they have paid amount in taxes that exceeds the actual amount due. This can be either by way of TDS or TCS or Advance Tax or Self-Assessment Tax. Will You Get ITR Refund If It Is…
New Delhi: As many as over 58 lakh people filed their ITRs for the first time for AY 2024-25, as per an official data. Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, presiding over the 165th anniversary of Income Tax Day observed by Central Board of Direct Taxes (CBDT), in New Delhi, thanked these…
New Delhi: The Income tax department has issued warnings to tax payers to not fall prey to scamsters who are defrauding people with fake ITR refund scam. The Income Tax department has pointed out major red flags that ITR filers should identify if they come across such a message on email, or on their social…
New Delhi: The total number of ITRs for AY 2024-25 filed till 31st July, 2024 is more than 7.28 crore, which is 7.5% more than the total ITRs for AY 2023-24 (6.77 crore) filed till 31st July, 2023, said a Ministry of Finance release. The Income Tax Department has meanwhile urged taxpayers, who missed filing…
New Delhi: Despite numerous speculations the Income Tax department has not extended the deadline (July 31) to file ITR for FY 2023-2024 or AY 2024-2025. However, those who have missed filing ITR for 2024 should not worry, for they can now can file a delayed return by December 31, 2024. What Is Belated ITR Return?…
New Delhi: While technical glitches in the income tax e-filing site has come as a nagging issue for income tax filers, there is still two more days for ITR deadline to get over. Although there is no official word yet on the extension of ITR filing deadline, tax payers can do so by paying penalty….
ITR Filing: The deadline for filing Income Tax Returns (ITR) for the financial year 2023-2024 is just around the corner. It’s essential to be aware of how important it is to meet this deadline. The last date for submitting your ITR is July 31, 2024. Missing this deadline can result in serious consequences but if…
ITR Filing 2024: In addition to national and regional holidays, all banks are closed on the second and fourth Saturdays of the month as well as every Sunday, according to the Reserve Bank of India (RBI) guidelines. As a result banks will be closed on July 27, 2024 since it falls on the fourth Saturday…
ITR Filing 2024: Have you come across fake news on social media claiming that the e-filing deadline for your ITR has been extended? Don’t fall for it! The Income Tax Department has warned that these claims are false. The real deadline remains July 31, 2024, just 6 days away. Make sure to file your ITR…
ITR Filing 2024: It’s quite common to miss some details or make a mistake when submitting your income tax return (ITR). Even with the best efforts to get everything right, errors can still slip through. But don’t worry—there are ways to fix these mistakes and ensure your tax return is accurate. Before the financial year…