I-T department between April 1 and August 25, 2020, had issued refunds of over Rs 95,853 crore
The taxpayers now have two tax regimes - new and old - to choose from. Here's how you can select from the two.
"There is a misconception that if the deadline has been extended, there is nothing to worry about," said Anurag Jain, Partner, ByTheBook Consulting.
TDS: You can ask for a refund when the tax deducted does not match with your actual tax payable
For claiming deduction for pre-construction interest, the construction should be completed within 5 years from taking the loan
Rishabh Jain, founder of Labour Law Advisor YouTube channel, shares insights on how we can overcome the fear of tax.
The government must extend the deadline for submission of IT returns in view of the numerous technical glitches in the improved IT portal.
Infosys CEO Salil Parekh told Nirmala Sitharaman that 750 team members are working on the tax portal
Income Tax Portal: On August 22, the portal again underwent maintenance after which the finance minister summoned the Infosys leadership on August 23.
The new income tax e-filing portal "www.incometax.gov.in' had a bumpy start from the day of its launch, as it continued to face tech glitches