Income Tax Returns

Around 6.17 crore ITRs filed on new e-Filing portal of Income Tax Department

More than 1.61 lakh other Tax Audit Reports (Form 10B, 29B, 29C, 3CEB, 10CCB, 10 BB) have been filed till 06.02.2022. Over 1.73 lakh Form 3CA-3CD and 15.62 lakh Form 3CB-3CD have been filed in FY 21-22.

Late fee being charged despite extension in ITR filing date, Here’s why

Individuals who filed their income tax returns (ITR) after July 31 were charged with a late filing fee of Rs, 5000. Section 234 says that taxpayers can be penalized with a maximum sum of Rs 10,000 if they fail to file their ITR before the deadline.

Everything you need to know about the new TDS Rules starting this month

A fresh list will be prepared by the Tax Department at the beginning of each financial year.

New Income Tax Return Forms: All you need to know for AY 2021-22!

The assessment year (AY) for income earned in the financial year (AY) 2020-21 is 2021-22.

Upcoming budget: Income tax exemption up to Rs 3 lakh

Income Tax Return for year ended 31st March 2020 to be filed by 31st December 2020

CBDT issues income tax refund of Rs 1,29,190 crore to 39.49 lakh taxpayers

The CBDT issued income tax refunds of Rs 34,820 crore in 37,55,428 cases and Rs 92,370 crore in 1,93,059 cases.

PM Modi to launch a new scheme to reward honest tax payers