The detailed monetary activities described by the various organisations/ institutions are reflected in the taxpayer’s form 26AS
Some taxpayers complained that interest and late fee was charged while filing income tax return (ITR) after July 31, 2021
The faceless tax system aims to eliminate physical contact between the taxpayer and the taxman to make tax administration objective and transparent.
Investors should pay advance tax on capital gains each quarter instead of waiting to make payments while filing ITR after the end of financial year
ITR filing: Mohnish Wadhwa, Partner, Wadhwa & Shah, says taxpayers are facing problems in updating their profiles to 100% level
The income tax department has updated its portal to capture the extended deadline of filing returns
The new income tax website continues to show the old due date of 31st July 2021 instead of the extended deadline of September 30, 2021
Sujit Bangar, founder, Taxbuddy.com, addresses the query of Namit Korgaonkar, who is asking whether his father should use ITR form-1 or ITR form-2.
Filing income tax returns is mandatory by law, and if it isn't done correctly or on time, it can attract a penalty
A person can enjoy tax deduction of up to Rs 10,000 from his or her interest income received from a post office savings account under Section 80TTA