Money9 gives you a list of the nine most important documents needed by many at the time of filing ITR.
ITR: Investing in gold via sovereign gold bonds will attract a different tax liability compared to purchasing physical gold.
It is better to file your tax early as it will help to have peace of mind by avoiding penalties. It will also help in getting your refund if any.
Here is a list of common mistakes people make while filing income tax returns.
Losses on capital gains and losses on business and profession shall not be carried forward in case of belated ITR filing
"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
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
The new portal was launched on June 7 with an aim to make it taxpayer-friendly. But since its launch users have been complaining of technical issues
Parekh said, "We are working collaboratively with the department, CAs, individual taxpayers, to make sure we create a great new experience."