Income Tax Return

Wednesday, Apr 24, 2024 | Last Update : 03:38 AM IST

Keep these 5 things in mind while filing Income Tax Return

As many salaried taxpayers got their Form 16 late, ITR deadline was extended by a month to August 31.

06 Aug 2019 3:23 PM

There were 8.44 crore taxpayers in Assessment Year 2018-19.

Govt targets to add 1.3 crore income tax filers this fiscal

Thakur said 46,13,91,168 Permanent Account Numbers (PANs) have been allotted as on July 30, 2019.

23 Jul 2019 8:54 AM

No change has been made in any of the ITR forms including ITR-2 and ITR-3 since the notification made on the April 1, the first day of the assessment year 2019-20, on April 1, said Income Tax Department. (Photo: File)

No change in ITR forms, only utility software updated: CBDT

IT Dept issued a statement saying the updating process of these forms' utility software does not hamper filing of returns.

16 Jul 2019 10:10 PM

This amendment will take effect from September 1, 2019.

File ITR if you have high-budget foreign trips, steep electricity bills

Any person claiming benefits of tax exemption from long term capital gains under various provisions will have to file a tax return.

10 Jul 2019 11:36 AM

Mody said the CBDT will obtain sources of income for all salaried employees from third parties. (Photo: ANI)

Govt working as an accountant for every taxpayer: CBDT Chairman

The CBDT Chairman said he is confident of achieving the Rs 13.35 lakh crore target for direct tax collections in 2019-20.

06 Jul 2019 5:16 PM

A company that doesn’t file the e-Form ACTIVE cannot file the SH-7, PAS-3, DIR-12 (except cessation), INC-22, and INC-28. (Photo: ANI)

All India ITR to assist in filing e-Form ACTIVE

The e-Form ACTIVE must be filed by every company registered on or before 31st December 2017.

23 Apr 2019 1:54 PM

5 mobile apps that you can use this year to save your time and file your ITR online hassle-free.

5 Mobile apps you can use to file ITR online

The government has just released new forms as citizens gear up to begin the ITR filing process.

13 Apr 2019 10:13 AM

While there has been no change in ITR1 or Sahaj, which is to be filled by the salaried class, some sections in ITR 2, 3, 5, 6 and 7 have been rationalised.

Income Tax return forms for AY 2019-20 notified

Individuals, firms and companies have to file returns for the income earned in 2018-19 during the course of current fiscal.

05 Apr 2019 3:46 PM

The last date for linking PAN with Aadhaar was March 31.

PAN-Aadhaar linking: Govt extends date for linking PAN with Aadhaar by 6 months

From April 1 onwards, it will be mandatory to quote as well as link Aadhaar number while filing income tax return.

01 Apr 2019 12:21 PM

RBI has also asked banks keep their branches open on March 31, so that all govt transactions for financial year 2018-19 are accounted for within the same financial year. (Photo: PTI)

Income tax, GST offices to remain open on Mar 30, 31 to ease year-end collection

GST collections in the current fiscal till February totalled Rs 10.70 lakh crore.

30 Mar 2019 1:52 PM

The I-T department has given numerous deadlines to link Aadhaar with PAN, but it has now decided to set the deadline till March 31st of this year.

PAN-Aadhaar linking: Here's why your PAN card will be useless if not linked before Mar 31

As per the I-T Department, persons who haven’t linked their PAN with Aadhaar card may not be able to file income tax returns.

26 Mar 2019 3:03 PM

This year so far 1.5 lakh persons have filed returns of income above Rs 1 crore, higher than 88,000 filed in 2013-14. (Representational Image).

Just 23 crore PAN cards linked with Aadhaar ahead of Mar 31 deadline

Income Tax department has so far issued 42 crore PAN, of which 23 crore have been linked with Aadhaar.

07 Feb 2019 3:43 PM

Last week, the Department for Promotion of Industry and Internal Trade (DPIIT), along with tax officials, met startup industry representatives to hear their suggestions. (Photo: ANI)

I-T Dept to soon decide on startups to be exempt from angel tax

Startups will have to provide account details and return of income for last three years.

07 Feb 2019 12:57 PM

Goyal said the GST has been continuously reduced, resulting in relief of Rs 80,000 crore to consumers.

Budget 2019: Direct tax collection shoots up to Rs 12L cr from Rs 6.38 lakh cr

GST collections in January 2019 has crossed Rs 1 lakh crore.

01 Feb 2019 1:43 PM

The number of people who file tax returns has also increased by about 65 per cent during this period from 3.31 crore in FY 2013-14 to 5.44 crore in 2017-18 fiscal.

Average income of salaried, non-salaried & corporate taxpayers rises: CBDT

The number of salaried taxpayers has increased from 1.70 crore (assessment year 2014-15) to 2.33 crore (AY 2017-18).

22 Oct 2018 5:03 PM

The government on Monday extended by a fortnight till October 15 the deadline for filing Income Tax Return (ITR) and audit report for financial year 2017-18.

Govt extends deadline for filing I-T Return, audit report till October 15

However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I-T Act, 1961.

24 Sep 2018 5:37 PM

'The due date for filing of income tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers,' Ministry of Finance said. (Representational Image)

Income tax return filing deadline extended to Aug 31 for some taxpayers

CBDT has extended the ‘due date’ for filing of income tax return to August 31, 2018 from July 31, 2018 for some tax payers.

26 Jul 2018 7:01 PM

The last date for filing the ITR is July 31.

ITR-1 ready for e-filing: IT department

All the seven ITR forms are to be filed electronically except for some category of taxpayers.

17 Apr 2018 4:13 PM

The measure, introduced in the latest Finance Bill, is aimed to provide relief to small and salaried class of taxpayers and aims to ease out issues of small discrepancies. (Photo: File)

Taxman to no longer file notice for minor mismatches between I-TR, tax credit data

The CBDT chairman said, policy to be enforced in respect of returns supplied for upcoming assessment year (2018- 19) commencing from Apr 1.

06 Feb 2018 9:12 PM

Finance Secretary Hasmukh Adhia. (Photo: File)

Unevenness in taxes paid by salaried class, business people: Adhia

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh crore.

05 Feb 2018 2:55 PM

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Sanjeev Ahluwalia

Income tax return