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: …
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 …
How To File Income Tax Return (ITR)? – Quick Bites Read More »
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 …
This Time Important things to note before filing TDS returns Read More »
Income Tax E-filing Portal has posted an update that: Online form for filing ITR-3 for AY 2022-23 has also been enabled.
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 …
Know ITR Status Without Logging in to Income Tax Portal Read More »
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 …
Income Tax: Taxpayers Will Now Have To Give Additional Information in ITR For AY 2022-23 Read More »
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.
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
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
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 »
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
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
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 …
Income Tax Return: Be Ready to Pay Higher TDS if you Do Not Do this by March 31 Read More »
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. …
Most Important News For Taxpayers! Get This Work Done Before 28 February Read More »
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 …
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. …
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 …
The All Odisha Tax Advocates Association (AOTAA) has sent a legal notice to the Central Board of Direct Taxes (CBDT) for not extending the deadline for filing Income Tax Return (ITR) for the assessment year 2021-2022. The AOTAA said that despite all the technical glitches in the new portal of the Income Tax Department, the …
Legal Notice To CBDT For Not Extending ITR Due Date Read More »
CBDT has issued updated common offline utilities for filing ITR-1 to ITR-5 for the Assessment Year 2021-22 It is notable that common offline utility for ITR-7 was issued on 28th December 2021 which is available for download. For ITR-6, only excel based utility is available as of now. To Download the utilities, Please Click Here …
CBDT Issues Updated Common Offline Utilities For ITR-1 To ITR-5 For A.Y. 2021-22 Read More »
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 …
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 …
Gujarat Chamber of Commerce & Industry Shri Ambica Mills,Gujarat Chamber Building,Ashram Road, Ahmedabad 380009,Gujarat, India. Request for Extension of due dates of Income tax returns & submission of Tax audit reports for FY 2020-21 (AY 2021-22) 15th December, 2021/14945 To, Smt. Nirmala SitharamanHon’ble Union Minister of Finance,Ministry of Finance,Government of India,North Block,New Delhi — 110001 …
Did you file an early income-tax return, before the Annual Information Statement (AIS) was launched? Chances are your tax return may have attracted a demand notice if you had ignored some essential income received during the financial year. So far, one had to refer to the annual tax statement or the Form 26AS before filing returns. The AIS was …
Taxpayers receive notices: Data mismatch between AIS and Form 26AS the reason Read More »
Excel Based Offline Utility for ITR-5 has been issued by Income Tax Department. So Chances that Excel Based Utility for Other ITR forms may be issued soon. This Utility is for A.Y. 2021-22 (F.Y. 2020-21)
In view of severe pandemic, the Central Board of Direct Taxes, in exercise of its powers under Section 119 of the Income-tax Act, 1961, provides following relaxation in respect of Income-tax compliances by the taxpayers: a) Appeal to Commissioner (Appeals) under Chapter XX of the Income-tax Act, 1961 for which the last date of filing …
55,823 ITR files in just one hour. When are you paying your income tax return?
Due Date for Filing Belated & Revised Returns for A.Y. 2019-20 Further Extended On consideration of difficulties being faced by the taxpayers due to COVID-19 pandemic, the CBDT has further extended the due date for filing belated & revised returns for the A.Y. 2019-20 from 30th September, 2020 to 30th November, 2020. The said date …
Due Date for Filing Belated & Revised Returns for A.Y. 2019-20 Further Extended Read More »
If You are Non Filer of ITR for Assessment Year 2019-20 or has not Mentioned any High Value Transaction in ITR, Check Your E-Mail and SMS Under Income Tax E-Campaign The Income Tax Department is all set to start an 11-day e-campaign on voluntary compliance of income tax for the convenience of taxpayers from Monday …
CBDT Provides One Time Relaxation for Verification of ITR from A.Y. 2015-16 to A.Y. 2019-20 In respect of an Income-tax Return (ITR) which is filed electronically without a digital signature, the taxpayer is required to verify it using anyone of the following modes within the time limit of 120 days from the date of uploading …
