income tax due date extend

A.Y. 2023-24: Major Update for ITR Filters, Income Tax Department has notified

Income Tax Return for A.Y.2023-24: Major Update for ITR Filters, Income Tax Department has notified Filing your income tax return (ITR) is an essential annual obligation for taxpayers, and staying informed about the latest updates is crucial. The Inland Revenue Department has recently released the ITR-2 offline form for filing income tax returns for the …

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Types of Income Tax Notice & Documents required to reply to an Income Tax Notice

Income Tax Notice- Top Reasons For Which You Can Receive an Income Tax Notice

8 Comments / INCOME TAX / By taxconcept / March 26, 2023 March 26, 2023 / INCOME TAX, income tax act, income tax article, income tax due date extend, Income tax notice, Income Tax Return

Reasons For Which You Can Receive an Income Tax Notice: You have already paid your entire tax bill. You have faithfully filed your tax returns. Even so, what should you do if you receive an Income Tax Notice? Do not worry; we will discuss the same in this section. Let’s see for which reasons you …

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Income Tax Notice: Income Tax Department strict on those giving wrong information about income, do this work by March 31

2 Comments / INCOME TAX / By Sakshi / March 14, 2023 March 14, 2023 / INCOME TAX, income tax act, income tax due date extend, Income Tax Return, INCOME TAX SEARCH, March 2023, TAX AUDIT, TAXATION

Income Tax Return: The Income Tax Department may soon take strict action against those who give wrong information about their income in ITR. CBDT chief Nitin Gupta on Monday said that 68,000 cases have been taken up for e-verification by the Income Tax department for under- or under-reporting of income in tax returns for the …

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Top Reasons For Which You Can Receive an Income Tax Notice

3 Comments / INCOME TAX / By Sakshi / March 8, 2023 March 8, 2023 / INCOME TAX, income tax article, INCOME TAX AUDIT, INCOME TAX DEPARTMENT, income tax due date extend, Income Tax Return

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Big update for taxpayers, Income Tax Department came into action

2 Comments / INCOME TAX / By taxconcept / February 17, 2023 February 17, 2023 / INCOME TAX, income tax due date extend, Income Tax Return, INCOME TAX SEARCH

Income Tax Return: If you also file Income Tax Return (ITR Filing) every year, then from this time you need to be alert. The Income Tax Department is going to make a big change for the tax payers. The department’s eye will now be specially on those who buy expensive flats, form houses and luxury …

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Big relief to Taxpayers: Now you can take advantage of many exemptions in the new tax regime

INCOME TAX / By taxconcept / February 13, 2023 February 13, 2023 / INCOME TAX, income tax due date extend, Income Tax Return

The government has given a big relief to the taxpayers who have opted for the new tax regime. In the new tax regime, the income tax exemption limit has been increased to Rs 7 lakh, which was earlier Rs 5 lakh. While under the old tax regime, income up to Rs 2.5 lakh was tax …

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New Income Tax Slab for FY 2023-24 (AY 2024-25)

2 Comments / INCOME TAX / By Sakshi / February 4, 2023 February 4, 2023 / INCOME TAX, income tax article, INCOME TAX DEPARTMENT, income tax due date extend, Income Tax Return, income tax slab 2023, income tax slab fy 23-24, The following tables show the Revised Income Tax Slabs and not the old tax regime. The table for the new tax regime slabs-

Individual taxpayers must pay income tax based on the slab system into which they fall. Individuals may fall into a different tax bracket depending on their Income. As a result, persons with higher incomes will have to pay more taxes. The slab system was implemented to keep the country’s tax system equitable. The slabs change with each …

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Attention Taxpayers Last and Final Call Income-tax Return for AY 2022-23: Income Tax Department

2 Comments / INCOME TAX / By taxconcept / December 29, 2022 December 29, 2022 / featured, INCOME TAX, income tax due date extend, Income Tax Return

Timely tax payment is the strong foundation of nation building. File ITR on time and become a partner in the progress of the country. Last date of filing belated/revised ITR for A.Y. 2022-23 is 31st December, 2022.For more information, pl visit incometax.gov.in

Taxpayers Alert! You have to pay double fine if Income tax return is not filed

Leave a Comment / INCOME TAX / By Sakshi / December 28, 2022 December 28, 2022 / featured, INCOME TAX, income tax act, income tax article, income tax due date extend

Individual taxpayers (other than those subject to tax audit), who failed to file their Income Tax Return (ITR) before the due date of July 31, 2022 have the option to file their return of income by December 31, 2022 by paying a fine of up to Rs 5,000 as late fee for filing the ITR …

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Good news for taxpayers! Government may make changes in ITR form next year

1 Comment / INCOME TAX / By Sakshi / December 26, 2022 December 26, 2022 / featured, INCOME TAX, income tax act, income tax article, income tax due date extend, Income Tax Portal, Income Tax Return, New ITR FORM

With a 26 per cent increase in tax collection, the government is set to launch the next round of tax administration reforms that are likely to cut down on the number of forms available for filing income tax returns (ITR). This change will bring convenience to tax payers and reduce the time taken for filing …

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December 31, 2022, is last day to file belated, revised income tax returns for AY 2022-23

Last date for filing belated income-tax return u/s 139(4) and revised return u/s 139(5) for AY 22-23 is 31st December 2022

1 Comment / INCOME TAX / By taxconcept / December 23, 2022 December 23, 2022 / BELATED INCOME TAX RETURN, featured, INCOME TAX, INCOME TAX AUDIT, income tax due date extend, Income Tax Return, IT RETURN UNDER SECTION 139(4), LAST DATE FOR FILING BELATED RETURN

Before you get into the New Year festive mode, make sure that all your income tax-related work is finished. December 31, 2022, is the last day to file the belated and revised income tax returns (ITRs) for FY 2021-22 (AY 2022-23). Under income tax laws, an individual who has missed the last date to file …

Last date for filing belated income-tax return u/s 139(4) and revised return u/s 139(5) for AY 22-23 is 31st December 2022 Read More »

ITR Filing Update: A big update came on the file income tax return

INCOME TAX / By Taxtimes / October 29, 2022 October 29, 2022 / INCOME TAX, income tax due date extend, TAX AUDIT

Finance Ministry has recently extended the deadline for filing income tax returns (ITR) for the assessment year 2022-23 by businesses till November 7. This is the third extension granted for the filing of tax returns where an audit is required. The original date was September 30, 2022, which was extended to October 7 and further …

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Income Tax Department’s Big Announcement on Verification of Income Tax Returns

INCOME TAX / By Sakshi / August 1, 2022 August 1, 2022 / featured, INCOME TAX, INCOME TAX AUDIT, income tax due date extend, Income Tax Return

DGIT (S) Notification No 5/2022 issued for Reduction of time limit for verification of ITR from 120 days to 30 days of transmitting the data of ITR electronically. Refer Detailed Notification.

ITR and Audit Due date Further Extended on 11.01.2022 [Extension Table for AY 2021-22]

INCOME TAX / By CS LALIT RAJPUT / January 11, 2022 January 11, 2022 / INCOME TAX, INCOME TAX AUDIT, income tax due date extend

ITR and Audit Reports Due Date Further Extended on 11.01.2022 by CBDT The Central Board of Direct Taxes (Income Tax Department) vide F. No. 225/49/2021/ITA-II dated 09.09.2021 {CBDT Circular No.01/2022 dated 11.01.2022}has decided to further extend the due dates for filing of Income Tax Returns (ITR) and various reports of audit for the Assessment Year …

ITR and Audit Due date Further Extended on 11.01.2022 [Extension Table for AY 2021-22] Read More »

Extension of various dues dates of filing Audit Reports and Income Tax Returns under Income Tax Act, 1961 in the backdrop of technical glitches on the IT portal coupled with Covid-19 third wave

Extension of various dues dates of filing Audit Reports and Income Tax Returns under Income Tax Act, 1961 (Representation)

1 Comment / INCOME TAX / By Taxtimes / January 9, 2022 January 9, 2022 / INCOME TAX, income tax article, INCOME TAX AUDIT, income tax due date extend, income tax in india, Income Tax Return

BCAS jointly have made a Representation Smt. Nirmala Sitharaman for extension of various dues dates of filing Audit Reports and Income Tax Return under income tax Act, 1961 in the backdrop of technical glitches on the IT portal coupled with COVID19 third wave ITR Date: 08.01.2022 To, Smt. Nirmala Sitharaman Hon’ble Union Minister for Finance …

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Request for waiver of Late Fees u/s. 234F of the IT Act and extension of Audit report & Income-tax Return for A.Y. 2021-22

INCOME TAX / By Taxtimes / January 5, 2022 January 5, 2022 / featured, INCOME TAX, income tax act, INCOME TAX AUDIT, income tax due date extend, Income Tax Return, NEW PORTAL INCOME-TAX

Request for waiver of Late Fees u/s. 234 F of the Income Tax Act and extension of Date for filing of audit report & audited I T Return for A.Y. 2021-22 Tax Advocates Association Gujarat To,1. Hon’ble Smt Nirmala SitharamanjiUnion Minister of Finance,Ministry of Finance Govt. of IndiaNorth Block, NEW DELHI – 110001Email : fmo@nic.in 2. …

Request for waiver of Late Fees u/s. 234F of the IT Act and extension of Audit report & Income-tax Return for A.Y. 2021-22 Read More »

Have you missed the deadline of December 31? Know what are the options now?

INCOME TAX / By Taxtimes / January 2, 2022 January 2, 2022 / INCOME TAX, income tax article, INCOME TAX AUDIT, income tax due date extend, Income Tax Return, income tax return due date extended, income tax salary income

The last date for filing Income Tax Return i.e. ITR (Income Tax Returns) for the assessment year 2021-22 was 31 December 2021, which has now passed. If you have not filed your ITR till this date, then there is no need to panic. You can still file your ITR. There is an opportunity to file …

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Extend_Due_Dates_Immediately

2 Comments / INCOME TAX / By taxconcept / December 31, 2021 December 31, 2021 / featured, INCOME TAX, INCOME TAX AUDIT, income tax due date extend

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Good News for Taxpayers: Govt may extend ITR filing deadline beyond December 31, 2021

1 Comment / INCOME TAX / By Taxtimes / December 28, 2021 December 28, 2021 / INCOME TAX, income tax act, income tax article, INCOME TAX AUDIT, income tax due date extend

The Union government is mulling extension of the deadline for filing Income Tax returns beyond December 31, 2021, CNBC-TV18 reported on December 27, owing to complaints regarding the new I-T portal. Earlier on December 26, the I-T department informed that over 4.43 crore income tax returns (ITRs) for the 2020-21 fiscal have been filed, including over 11.68 lakh returns …

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Biggest recovery ever in the history of CBIC

WHAT IS e-FILING ? ADVANTAGES OF e-FILING

1 Comment / INCOME TAX / By taxconcept / December 27, 2021 December 27, 2021 / file your itr, INCOME TAX, income tax act, income tax article, INCOME TAX AUDIT, INCOME TAX DEPARTMENT, income tax due date extend, income tax in india, ITR, ITR 1, ITR 2, ITR UTILITY A.Y. 2021-22

WHAT IS e-FILING ? THE PROCESS OF ELECTRONICALLY FILING INCOME TAX RETURN, THROUGH THE INTERNET, IS KNOWN AS e-FILING WHO CAN e-FILE? Individuals HUF Companies / BOI / AOP / Firms / Trusts / Local authorities / Artificial juridical person External Agencies Tax professionals – Chartered Accountants Tax Deductors and Collectors Electronic Return Filing Intermediaries …

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Extend Due Date of Income-tax returns, Tax audit reports for FY 2020-21 (AY 2021-22) (Representation)

INCOME TAX / By Taxtimes / December 25, 2021 December 25, 2021 / INCOME TAX, income tax due date extend, Income Tax Return, ITR

Sub: REPRESENTATION IN RESPECT TO INCOME TAX RETURNS AND AUDIT REPORT FOR A.Y. 2021-2022 (F.Y.2020-2021) To , Hon’ble Smt Nirmala Sitharaman Ji Union Minister of Finance , Ministry of Finance , Govt. of India. North Block , NEW DELHI – 110001 Email : fmo@nic.in To , Shri Tarun Bajaj Hon’ble Revenue Secretary . Olffice of the …

Extend Due Date of Income-tax returns, Tax audit reports for FY 2020-21 (AY 2021-22) (Representation) Read More »

Income Tax Portal – Erratic & Irresponsible approach towards IT Infrastructure

IT RETURN: Erratic and Irresponsible approach of Finance Ministry towards IT Infrastructure

4 Comments / INCOME TAX / By Taxtimes / December 21, 2021 December 21, 2021 / INCOME TAX, income tax due date, income tax due date extend, Income Tax Return, INCOME TAX RETURN FY 2020-21

Ref: CAAS/Representations/2021-22/07 Date: 19-12-2021 To, The Finance Minister,134, North Block,New Delhi – 110011 Sub: Erratic and Irresponsible approach of Finance Ministry towards IT InfrastructureRef: Our Representation Letter No. CAAS/Representations/2021-22/05 dt.18-06-2021Titled “Succour for Current Income Tax Portal Turmoil” Respected Madam, Kindly refer to our representation letter No. CAAS/Representations/2021-22/05 written exactly 6 months ago, w.r.t. help that …

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Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Income Tax Quarterly Updates (April 2021 to June 2021)- Including Covid-19 relaxations / updates

INCOME TAX, MAGAZINES / By CA Heer Gajjar / July 17, 2021 July 17, 2021 / COVID-19, INCOME TAX, Income Tax Act 1961, income tax article, income tax due date extend, income tax in india, income tax return due date extended

Income Tax Quarterly Updates (April 2021 – June 2021)– Including Covid-19 relaxations / updates Income Tax is the tax that is collected by the Central Government for each financial year levied on the total taxable income of an assessee during the previous year.The Income Tax Act is a comprehensive statute that focuses on the different …

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Updated Some important dates related to income tax

INCOME TAX / By taxconcept / July 11, 2021 July 11, 2021 / income tax article, income tax compliances, income tax due date extend

The Income Tax Department has extended the deadline for completing many tasks related to income tax for the convenience of taxpayers. In a notification issued by the Ministry of Finance, it has been said that in view of the difficulties being faced by the taxpayers due to Kovid-19, the deadline for tax related work has …

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Income Tax: Big Relief to the Taxpayers! Know Income Tax related Updates and Extended Due Dates

INCOME TAX, MAGAZINES / By taxconcept / June 30, 2021 June 30, 2021 / COVID-19, income tax article, income tax due date extend, Tax relief issued to first time home buyers

In view of the second wave of Corona epidemic, the central government has given many concessions to the common man on the income tax front. Deadline for TDS Return Extended The last date for submission of TDS statement for the fourth quarter (January-March) of the financial year 2020-21 has now been extended to July 15, …

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Extension of Time Limits For Ease of Tax Compliance Related to Filing of Statement /Certificate/Vivad se Vishwas/ Linkage Aadhar with PAN and Other Compliances

INCOME TAX, MAGAZINES / By taxconcept / June 27, 2021 June 27, 2021 / income tax article, INCOME TAX DEPARTMENT, income tax due date extend, income tax in india, PAN-AADHAR

Central Govt provides further relief to taxpayers during these difficult Covid times by extending timelines of certain compliances. Here is a quick look at the list of compliances that have been extended by CBDT Circular No 12/2021, Notification Nos 74/2021 &75/2021 dt 25.06.2021. Extension of Time Compliances related to filing of Statements/ Certificate Extension of …

Extension of Time Limits For Ease of Tax Compliance Related to Filing of Statement /Certificate/Vivad se Vishwas/ Linkage Aadhar with PAN and Other Compliances Read More »

Snapshot of Income Tax related announcements

INCOME TAX / By taxconcept / June 26, 2021 June 26, 2021 / INCOME TAX, income tax article, income tax due date extend

Govt announces tax exemption for expenditure incurred on Covid treatment &ex-gratia amount recd on death due to Covid. Granting further relief in difficult Covid times, dates of several compliances extended vide Notification Nos 74/2021 & 75/2021 &Circular No 12/2021 dt25.06.2021 Tax Concessions for Payment towards COVID Treatment/Death. Easing of IT Compliance Burden during COVID Additional …

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Income Tax (CBDT) Due Date Extended beyond June, 2021 [Extension Table]

INCOME TAX, MAGAZINES / By CS LALIT RAJPUT / June 25, 2021 June 25, 2021 / income tax due date extend

The Board of Direct Taxes (Income Tax Department) vide circular & Press Release No. 1730346 dated 25.06.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) has issued circular w.r.t. Extension of time limits of certain compliances to provide relief to taxpayers in view of …

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Income Tax (CBDT) Due Date Extended beyond May, 2021 [Extension Table]

INCOME TAX / By CS LALIT RAJPUT / May 20, 2021 May 20, 2021 / CBDT NOTIFICATION, DUE DATE EXTENDED, INCOME TAX, income tax due date extend

The Board of Direct Taxes (Income Tax Department) vide circular No. 09/2021, (F. NO.225/49/2021-ITA-1I dated 20.05.2021, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) has issued circular w.r.t. Extension of time limits of certain compliances to provide relief to taxpayers in view of the …

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Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic

[BIG BREAKING] Income Tax Return, Tax Audit Due Date & Other Due Dates Extended

INCOME TAX / By gm / May 20, 2021 May 20, 2021 / DUE DATE EXTENDED, Form 16, INCOME TAX AUDIT, income tax due date extend, income tax return due date extended, Section 139(4), Section 139(5), Section 234A, tax audi, TCS, TDS Certificate

Income tax return, tax audit due date & Other dates extended Circular No. 9 of 2021 F.No.225/49/2021 -ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, Dated 20th May, 2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic The Central Board of …

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