A self-assessment return may be due even if there is nothing to pay

Pakistan freezes SIM cards of 506,671 individuals for not filing 2023 tax returns, aiming to boost return filers by targeting those with taxable income through a..

Investing in equity funds can be a suitable way to grow your money over time. But did you know that the taxes you pay on your investments can eat into your..

Starting this year, recent amendments to Serbian law have shifted the deadline for submitting tax returns concerning the Environmental Protection Fee (Eco Tax).

Canadian income-tax law generally ignores a bare trustee, which means that the bare trustee need not report income generated by the trust property.

Individual taxpayers who itemize deductions on their federal income tax returns generally can offset federal taxable income for taxes paid to state and local..

BJP dismissed Congress' protests over income tax action, emphasizing compliance with laws. Syed Zafar Islam highlighted tax filing errors and income..

Annual Tax returns is an obligatory return that the State Internal Revenue Service expect from individuals and employers of individuals every year...

Income Tax Notice: The income tax department will be sending notices to individuals who have not filed tax returns despite having tax deducted at source. The..

The Central Board of Direct Taxes (CBDT) has released the Income Tax Return (ITR) forms for the financial year 2023-24, namely ITR-2 and ITR-3. These forms are..

Shiv Sena (Shinde faction) has filed a criminal complaint against “former party leaders”  and office bearers alleging impersonation and fraudulent use of..

The tax department has seen a significant increase in the number of taxpayers, thanks to rising compliance and the use of technology. The total number of..

These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments.

Income tax returns in India show positive trend of migration to higher income range, according to SBI Research report on income inequality, MSMEs, and changing..

Have you ever wanted a second chance, the opportunity of a true do-over? When it comes to taxes, you can amend your tax returns, but that isn't the same as..

CBI searches residences of Trinamool Congress functionaries in connection with the school recruitment scam. Huge cash seized from Domkal MLA Jafikul Islam's..

The existing manpower allows them to verify only one per cent of tax returns

According to the latest data released by the income tax department, 589 taxpayers filed returns with a gross total income of over Rs 500 crore in the assessment..

Congress general secretary Jairam Ramesh said an analysis of the publicly available data on income tax returns for the period 2013-14 to 2021-22 confirms one of..

The income tax department in India has stated that the burden of proof to establish the creditworthiness of an investor lies with the company being assessed...

"The citizens of the country cannot forget the days before 2014 when there were rampant scams and corruption. Rights of the poor were looted before 2014. But..

An 83-year-old widow, who was not liable to file her IT return, has obtained a favourable order from the income-tax appellate tribunal (ITAT), Delhi bench. The..

The Income-Tax Department has been sending notices to numerous professionals who failed to report additional earnings beyond their regular salaries in their tax..

In July, which is the last month of I-T return filing, over 5.41 crore returns were filed, taking the total number of filing to over 6.77 crore by the month-end...

The last date for filing income tax returns for the financial year 2022-23 was July 31.

The deadline for filing income tax returns is over on July 31. If you are waiting for your ITR refund for AY 2023-24, scroll down to find the step-by-step..

The income tax department on Monday said a record 6.77 crore income tax returns for the assessment year 2023-24 were filed till July 31, including 53.67 lakh..

More than 6.5 crore income tax returns for 2022-23 fiscal have been filed so far, with 36.91 lakh ITRs being submitted on Monday until 1800 hrs, which is the..

A penalty and other repercussions may be incurred for failing to file the tax return within the allotted time frame.

The number of ITRs filed has exceeded the number of returns filed last year till July 31.

It is advisable to complete your income tax returns filing before the due date (July 31, 2023) as the Government of India has no plan to extend the deadline so..

More than four crore income tax returns (ITRs) for the 2022-23 financial year have been filed so far and about 7 per cent of these are new or first-time filers,..

If you are encountering difficulties while filing your income tax returns, there are alternative methods available to ease the process. These alternatives can be..

Number of entities, including individuals, who filed income tax returns increased by 6.18 per cent in 2022-23 to over 7.40 crore, of which about 5.16 crore..

Income Tax Filing Last Date 2023: If you are planning to file your income tax returns for the Assessment Year 2023-24 yourself, here is a quick document..

As per the Budget 2023-24, the government expects gross tax receipts of Rs 33.61 lakh crore in the current fiscal. Of this, the government aims to mobilise Rs..

Key tips for timely income tax return filing for freelancers and consultants.

Starting this year, the income tax department will conduct the strictest scrutiny of tax returns. To facilitate this process, they have implemented a specially..

It's important to note that the e-Verification process should be completed within the specified time limit, which is currently 30 days from the date of filing..

An NRI tax payer has posted in his twitter that he filed his tax returns  but when he tried to check the refund status, a message prompted that sine his PAN..

The I-T department has urged that those who haven't filed ITR for AY 2023-24, to file their ITR at the earliest to avoid last minute rush. 

File income tax returns promptly to avoid penalties and last-minute rush.

Income Tax Return: Changes in ITR forms for FY 2022-23 explained.

Over the past few years, India's youth have increasingly adopted mutual funds as their preferred mode of investment. As per a report by CAMS, one of the..

The income-tax department in India is investigating social media influencers and content creators on platforms like YouTube and Instagram for allegedly not..

The accused, Jitendra Jain and Kiran Jain, are both directors of Saloni Jewellers Pvt Ltd and M/s Yellow Jewellers Pvt Ltd. Seeking the maximum sentence against..

The Canada Revenue Agency (CRA) conducted tax reassessments for the tax years 2014, 2015, and 2016, expressing doubts about the reported amounts in taxpayer Mr...

Simplified online tax filing: ITR-1 and ITR-4 forms streamline income tax returns for AY 2023-24.

File income tax returns offline for AY 2023-24 with ITR-1 and ITR-4.

President Biden's tax returns reveal that his wage as president is $400k, while Jill Biden earned $82,335 teaching English at Northern Virginia Community..

In Goldhar v The King, the CRA reassessed Mr. David Goldhar's 2008 to 2011 tax returns beyond the normal reassessment period by including unreported shareholder..

India's decision to tax returns from certain types of fixed-income mutual funds will help banks attract as much as $36bn in deposits from asset managers,..

For taxpayers, who are assigned a special accounting period, this tax will be applied by indicating them in the tax returns required for the accounting period..

The final day to submit an income tax return (ITR) without incurring a late fee for the fiscal year 2022-23 (AY 2023-24) is July 31, 2023.

It is mandatory to file ITR for individuals If the gross total income is over Rs.3,00,000 in a financial year. Here is a quick guide on how to file ITR.

There are several significant financial deadlines in the month of March, from the last day to file late income tax returns to linking your PAN and Aadhaar.