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What all do you have to disclose in ITR?
The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh, fo
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Life policies with over Rs 5 lakh premium face tax
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
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How to check your I-T refund status
Tax experts say that currently refunds are taking 7 to 15 days. The taxpayer should keep checking the status of refund from time to time.
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Filing not enough, need to verify ITR too
You have 30 days from the date of filing the return to verify the return or file ITR-V. In these 30 days, the return has to be verified.
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Chance to file ITR even after July 31, but with fine
If a person is not able to file income tax return by the prescribed deadline, then he can file belated return under section 139(4) up to three months
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How to check your refund status?
You can check this (ITR Refund Status 2023) by visiting the website of NSDL or on the e-filing portal of the Income Tax Department
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NPIs must update residential status to operationalise PAN
The department has issued a clarification regarding PAN of NRIs getting inoperational and the steps to make it operational again
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Income tax refunds worth Rs 1.19 lakh crore issued to 1 crore taxpayers
This also includes refunds of Rs 67.99 lakh of AY 2021-22, which amounted to Rs 13,140.94 crore.
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All you need to know about New Information Statement (AIS)
A facility has been provided for the taxpayer to submit online comments if they believe the information is incorrect
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GST collection for October 2021 second highest since GST implementation
The GST revenues for October have been the second-highest ever since the introduction of GST, second only to that in April 2021
