ITR Archives

New Look of “INCOME TAX RETURN ACKNOWLEDGEMENT” for FY 2022-23 & AY 2023-24

2 Comments / INCOME TAX / By taxconcept / April 25, 2023 April 25, 2023 / INCOME TAX, ITR, ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR DOWNLOAD 2023-24, ITR STATUS, ITR UTILILTY EXCEL 2023, ITR VERIFICATION, ITR-U

New Look of “INCOME TAX RETURN ACKNOWLEDGEMENT” for A.Y.2023-24 Excel utilities of ITR 1 and ITR 4 for AY 2023-24 are available for filing. Click here to download. ITR 1 For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources …

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Changes in big income tax rules! see list

Leave a Comment / INCOME TAX / By taxconcept / April 23, 2023 April 23, 2023 / file income tax return, INCOME TAX, INCOME TAX RULES, INCOME TAX SLAB FY 2023, ITR, ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR STATUS, ITR VERIFICATION, ITR-U, LIFE INSURANCE, LTCG TAX RELIEF, new income tax regime, OLD INCOME TAX REGIME, Standard deduction, TAX BANEFITS TO SENIOR CITIZENS

There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023. 1) New income tax regime to be default regime Starting, 1 …

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Updated Income Tax Return (ITR- U)

1 Comment / INCOME TAX / By Lakshmi kundana Vedullapalli / April 5, 2023 April 5, 2023 / INCOME TAX, ITR, ITR-U, Updated income tax return

ITR- U updated Return was introduced in Finance Act 2022, and It is applicable from 1st April 2022. Who can file Updated Return ITR -U :- This return was introduced in Union Budget 2022, which gives the tax payers a chance to Update their return or File a new return upto 2 years from the …

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Income Tax Notice: Got income tax notice, can still fill ITR like this

Leave a Comment / INCOME TAX / By Sakshi / March 11, 2023 March 11, 2023 / INCOME TAX, Income tax notice, ITR

Update ITR Deadline: Filling Income Tax Return is beneficial in many ways. First of all, you avoid getting trapped in unnecessary legal tangles, while it is also needed in taking a loan. However, even after this, there is no dearth of people who forget to file ITR. Many times people are careful, but due to …

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Top Reasons to file nil Income Tax Return even if you earn less than Rs 2.50 lakh

2 Comments / INCOME TAX / By Sakshi / March 8, 2023 March 8, 2023 / INCOME TAX, INCOME TAX RETURN BENEFIT, ITR, Nil Income Tax return, Nil ITR

Nil ITR Filing, Income Tax Return: Salaried individuals have to mandatorily disclose their yearly income to the Income Tax Department based on which the income tax is calculated. According to the Income Tax Act, 1961, a person who is below 60 years of age, is not liable to pay income tax if his annual income is …

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Income tax rule applies on dividend paying stocks, bonus shares, buyback of shares

INCOME TAX, MARKETS / By team desk / February 28, 2023 February 28, 2023 / INCOME TAX, Income Tax Return, ITR

tax and investment experts, interim dividend or final dividend is an additional income of a stock market investor and it comes to one’s account without selling of the portfolio stock. So, it is considered an additional income of the investors and hence it gets added to one’s annual income at the time of income tax return (ITR) …

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Income-tax return: Now the Income Tax Department will ask for 13 more information, the return form has changed

INCOME TAX / By Sakshi / February 18, 2023 February 18, 2023 / featured, INCOME TAX, Income Tax Return, ITR, ITR 1

New ITR Form: CBDT has issued a new ITR form for filing returns for the current financial year. This time a lot of changes have been made and many more information has been sought from taxpayers. Earlier, the ITR form used to come usually by May-June, due to which a huge crowd of return filers …

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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

INCOME TAX / By Sakshi / February 14, 2023 February 14, 2023 / INCOME TAX, income tax article, Income tax notice, Income Tax Return, ITR

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 might …

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ITR Filing Rules Change : Good news for ITR filers, Income Tax Department started a big facility

2 Comments / INCOME TAX / By ashishkaushik9 / January 30, 2023 January 30, 2023 / INCOME TAX, INCOME TAX AUDIT, INCOME TAX DEPARTMENT, Income Tax Return, ITR, ITR RULES CHANGED

ITR Filing Rules: Many times due to non-availability of necessary documents, or due to non-updation, people’s income tax return remains stuck in half and people may forget to file their return. The Income Tax Department is taking special steps for such people. There is important news for those who pay income tax. Now you are …

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Income Tax Department’s FINAL WARNING; defaulters will face these problems

Leave a Comment / INCOME TAX / By taxconcept / January 20, 2023 January 20, 2023 / AADHAAR, featured, INCOME TAX, ITR, PAN-AADHAR

The Income Tax Department has tweeted a warning for those who haven’t linked their Aadhaar cards with their Permanent Account Number (PAN). The department has tweeted that those who won’t link their Aadhaar cards with PAN cards will have to deal with a defunct PAN. Their PAN cards will be deactivated if they fail to …

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E-filing of Updated ITR has been enabled on Income Tax Portal for AY 2022-23 (FY 2021-22)

1 Comment / INCOME TAX / By ashishkaushik9 / January 1, 2023 January 1, 2023 / featured, INCOME TAX, ITR, ITR 1, ITR 2, ITR 3, ITR 5, ITR FILING DATES

E-filing of Updated ITR has been enabled on Income Tax Portal for AY 2022-23 (FY 2021-22) All ITR forms (ITR 1 to ITR 7) Utility & JSON Schema also released for Updated ITR

Today is the last date for filing your belated ITR and revising your ITR for AY 2022-2023, Missed the last date ?

Leave a Comment / INCOME TAX / By taxconcept / December 31, 2022 December 31, 2022 / featured, INCOME TAX, ITR, Revised Income Tax return

Today is the last date for filing your belated ITR and revising your ITR for AY 2022-2023, if applicable.Hurry and file your ITR.Pl visit incometax.gov.in Have you missed filing your income tax return (ITR) for the financial year 2021-22? Hurry, only 1 days left now as the deadline to file the belated and revised ITR …

Today is the last date for filing your belated ITR and revising your ITR for AY 2022-2023, Missed the last date ? Read More »

Calculate your Income Tax On Salary

Leave a Comment / INCOME TAX / By Sakshi / December 23, 2022 December 23, 2022 / featured, INCOME TAX, Income Tax Return, ITR, Salary income Tax calculate

Paying income tax is a right, not a burden. Here’s a detailed guide to help you calculate your income tax on salary, as follows: Step One: Calculate your gross income Your gross income is the total salary received before taxes and other deductions. This includes salary components like house rent allowance (HRA), leave travel allowance …

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ITR refund Process – Check status online

2 Comments / INCOME TAX / By CS LALIT RAJPUT / August 14, 2022 August 14, 2022 / featured, INCOME TAX, income tax article, income tax in india, ITR, Refund

ITR refund Process – Check status online There are two ways for Eligible taxpayers to check their ITR refund status online: through the official website of the Income Tax Department through the website of the National Securities Depository Limited (NSDL) Mandatory Requirement: Taxpayer’s PAN. Steps to check ITR refund status via Income Tax Portal: …

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How To File Income Tax Return (ITR)? – Quick Bites

INCOME TAX / By CS LALIT RAJPUT / August 14, 2022 August 14, 2022 / featured, file your itr, INCOME TAX, income tax article, ITR, New itr form 2021-22

The new concept of updated ITR was introduced in Union Budget 2022. The new provision allows taxpayers to rectify errors or omissions on their ITRs within two years of filing the returns, albeit with payment of additional taxes. How To File ITR? Every salaried individual whose pay exceeds a specific income slab is required to …

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Here's how you can upload your TDS statement on the income tax portal:

This Time Important things to note before filing TDS returns

INCOME TAX / By Taxtimes / July 28, 2022 July 28, 2022 / featured, INCOME TAX, ITR, TDS, TDS FILING, tds return

The last date to file the tax deducted at source (TDS) return for the first quarter of FY23 is July 31, 2022. Any delay would attract a fine of Rs 200 for each day till the return is filed. TDS is basically aimed at collecting tax from the very source of income. A taxpayer or …

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New Update On Income Tax E-filing Portal You Must Know

INCOME TAX / By / June 6, 2022 June 6, 2022 / featured, file your itr, INCOME TAX, INCOME TAX DEPARTMENT, Income Tax Portal, Income Tax Return, ITR, New income tax portal

Income Tax E-filing Portal has posted an update that: Online form for filing ITR-3 for AY 2022-23 has also been enabled.

Know ITR Status Without Logging in to Income Tax Portal

1 Comment / INCOME TAX / By / May 30, 2022 May 30, 2022 / featured, INCOME TAX, Income Tax Return, ITR

How to know ITR status without logging in to Income Tax Portal First, Please Visit Here A new window will open. You have to fill ITR acknowledgement number and mobile number on which ITD will send OTP. Click Continue. In new window, please fill OTP as received on said mobile number and click Submit. You …

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Income Tax: Taxpayers Will Now Have To Give Additional Information in ITR For AY 2022-23

2 Comments / INCOME TAX / By / May 23, 2022 May 23, 2022 / file income tax return, FILING INCOME TAX RETURN, INCOME TAX, Income Tax Return, ITR

Income Tax Department has recently released new ITR (Income Tax Return) forms for assessment year 2022-23 (FY 2021-22). All the forms from ITR-1 to ITR-6 are almost same as last year. No major changes have been made to these. Nevertheless, income tax payers will have to provide some additional information while filling the ITR form …

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New Update On Income Tax Return

INCOME TAX / By / May 21, 2022 May 21, 2022 / file income tax return, FILING INCOME TAX RETURN, INCOME TAX, Income Tax Return, ITR

Income Tax E-filing Portal has posted an update that: E-filing of ITR 1 to 4 for AY 2022-23 is enabled (ITR-1, ITR- 2 & ITR-4 offline & online both, ITR-3-only offline). Taxpayers can download ITR Offline Utility through “Downloads” Menu option, fill and file the ITR through the same.

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Breaking: CBDT Notifies JSON Schema For ITR-7

INCOME TAX / By / May 21, 2022 May 21, 2022 / CBDT, featured, file income tax return, FILING INCOME TAX RETURN, INCOME TAX, Income Tax Return, ITR

The CBDT, on 20th May 2022, has notified JSON Schema for ITR-7. To Download the Schema, Please Click Here Date of First Release of JSON Schema: 20th May 2022 To Download the Validations, Please Click Here Date of First Release of Validation: 5th May 2022 ITR-7 Notified For AY 2022-23, Please Click Here To Download

Breaking: CBDT Notifies Common Offline Utilities For ITR-1 To ITR-4 For AY 2022-23

INCOME TAX / By / May 21, 2022 May 21, 2022 / CBDT, FILING INCOME TAX RETURN, INCOME TAX, Income Tax Return, ITR

The CBDT, on 20th May 2022, has notified common offline utilities for ITR-1 to ITR-4 for AY 2022-23. To Download the Utility, Please Click Here Date of Utility Release: 20th May 2022 To Download the Utility for MAC, Please Click Here Date of MAC Utility Release: 9th May 2022

CBDT Releases JSON Schema For ITR-1 To ITR-4 For A.Y. 2022-23 (F.Y. 2021-22)

INCOME TAX / By / April 5, 2022 April 5, 2022 / CBDT, file income tax return, file your itr, FILING INCOME TAX RETURN, INCOME TAX, Income Tax Return, ITR, ITR 1, ITR 2, ITR 3, ITR 4

On 4th April 2022, the CBDT has released JSON Schema for ITR-1, ITR-2, ITR-3 and ITR-4 for the A.Y. 2022-23. Download JSON Schema ITR-1: Download JSON Schema ITR-2: Download JSON Schema ITR-3: Download JSON Schema ITR-4: Download JSON Schema Reportedly, the CBDT has notified ITR-1 to ITR-6 for the A.Y. 2022-23 on 1st April 2022. …

CBDT Releases JSON Schema For ITR-1 To ITR-4 For A.Y. 2022-23 (F.Y. 2021-22) Read More »

CBDT Notifies ITR-7 For A.Y. 2022-23 (F.Y. 2021-22)

1 Comment / INCOME TAX / By / April 2, 2022 April 2, 2022 / CBDT, CBDT NOTIFICATION, FILING INCOME TAX RETURN, INCOME TAX, ITR

Vide Notification dated 1st April, 2022, the CBDT has notified ITR-7 for the Assessment Year 2022-23 (Financial Year 2021-22). Income Tax (5th Amendment) Rules, 2022 have been notified for this purpose. To Download the Notification, Please Click Here

CBDT Notifies ITR-1 To ITR-6 For A.Y. 2022-23 (F.Y. 2021-22)

2 Comments / INCOME TAX / By / April 2, 2022 April 2, 2022 / CBDT, CBDT NOTIFICATION, FILING INCOME TAX RETURN, INCOME TAX, ITR

Vide Notification dated 30th March 2022, the CBDT has notified SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR-4, ITR-5 and ITR-6, ITR-V and ITR- Ack for the Assessment Year 2022-23 (Financial Year 2021-22). Income Tax (Fourth Amendment) Rules, 2022 have been notified for this purpose. To Download the Notification, Please Click Here

Income Tax Return: Be Ready to Pay Higher TDS if you Do Not Do this by March 31

2 Comments / INCOME TAX / By Taxtimes / March 16, 2022 March 16, 2022 / featured, INCOME TAX, income tax article, INCOME TAX AUDIT, income tax in india, Income Tax Return, ITR

If you have not linked your Permanent Account Number or PAN with Aadhaar card, be ready to pay higher Tax Deducted at Source (TDS) from next month. The last date for linking your Aadhaar number and PAN has been extended to March 31. Failing to link these two documents within the mentioned deadline, will have …

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Most Important News For Taxpayers! Get This Work Done Before 28 February

INCOME TAX / By / February 27, 2022 February 27, 2022 / featured, FILING INCOME TAX RETURN, INCOME TAX, ITR

Let us tell you that after filing ITR to follow the process of Income Tax Return, it is also necessary to do E-Verify. But keep in mind, if you do not verify ITR in time, then it will be considered invalid. The last date for e-verification of ITR for A.Y. 2020-21 is 28 February 2022. …

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We Don’t Appreciate This Attitude Of CBDT Of Not Extending ITR Due Date: Gujarat High Court

1 Comment / INCOME TAX / By / January 18, 2022 January 18, 2022 / CBDT, GUJARAT HIGH COURT, INCOME TAX, ITR

The Gujarat High Court today said that: “Ask the highest authorities to file an affidavit that if any problem crop up, then they shall be immediately attended, and if such problems are not attended, then the officer shall be personally responsible for the same. If CBDT is to adopt a very obstinate attitude, which we …

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Extension Of Even 3 Months Will Not Sufficient If Glitches in Income Tax Portal Will Continue: Gujarat HC

INCOME TAX / By / January 15, 2022 January 15, 2022 / file income tax return, GUJARAT HIGH COURT, INCOME TAX, ITR

In the case of Southern Gujarat Income Tax Bar Association Vs Union of India, the Gujarat High Court has stated that “we appreciate the decision taken by the CBDT to extend the time period upto 15th February 2022, but the assessees should be in a position to make the best of this extended time period. …

Extension Of Even 3 Months Will Not Sufficient If Glitches in Income Tax Portal Will Continue: Gujarat HC Read More »

BREAKING: Government Should Consider Glitches in The New Income Tax Portal- Gujarat High Court

2 Comments / INCOME TAX / By / January 11, 2022 January 11, 2022 / GUJARAT HIGH COURT, INCOME TAX, Income Tax Return, ITR

In a petition filed by Chartered Accountants Association, Surat (CAAS), the Gujarat High Court has stated that “portal is something which is within the control of the respondents and if there are any technical problems in the same, it only the respondents who can take care of such problems.”– CAAS has intimated in a statement …

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