Itr Related Articles

Oct - 2024

29

ITR Date Extension: Key Information & Updates

ITR Date Extension: Key Information & Updates

ITR Date Extension: Key Information & Updates The Income Tax Return (ITR) filing deadline is important for individual taxpayers, businesses, and organisations. When ITR date extension, the deadline provides additional time to meet tax obligations without penalties or late fees. The Income Tax D ...

Sep - 2024

03

ITR1 vs ITR2: Know the Differences, Meaning & Applicability

ITR1 vs ITR2: Know the Differences, Meaning & Applicability

ITR1 vs ITR2: Know the Differences, Meaning & Applicability Navigating the complexities of filing income tax returns in India requires a clear understanding of the right form to use—ITR 1 or ITR2. The IT department oversees this process, and improper filing can result in penalties or missed dea ...

Jul - 2024

24

Can I file ITR for Last 3 Years now?

Can I file ITR for Last 3 Years now?

Can I file ITR for Last 3 Years now? If you're wondering, "Can I file ITR for last 3 years now?" the answer is a yes! It's a common scenario: the income tax return (ITR) deadline passes, and you realize you've missed it. If you're worrying about the consequences, there's good news. You can still fi ...

Jul - 2024

16

ITR Processing time: How long does ITR return take to process?

ITR Processing time: How long does ITR return take to process?

ITR Processing time: How long does ITR return take to process? Income tax return (ITR) processing is a crucial step carried out by the Central Processing Centre (CPC) in Bangalore, responsible for primary assessments. Once the Income Tax Department receives a filed and verified ITR from the taxpaye ...

Jul - 2024

16

ITR Refund Delay: How to Resolve it?

ITR Refund Delay: How to Resolve it?

ITR Refund Delay: How to Resolve it? Experiencing an ITR refund delay can be frustrating, especially when you've carefully planned your investments and savings to maximize your tax benefits. Filing your income tax returns (ITRs) early is crucial for a quicker refund, as the tax department's workloa ...

Jul - 2024

15

Schedule FA in ITR 2: Disclosure of Foreign Assets in ITR-2 Form

Schedule FA in ITR 2: Disclosure of Foreign Assets in ITR-2 Form

Schedule FA in ITR 2: Disclosure of Foreign Assets in ITR-2 Form The Panama Paper leaks exposed illegal properties worth over 20,000 crores held by more than 500 Indians, highlighting significant tax evasion through offshore routes. The Black Money Act of 2015 was introduced to combat such illegal ...

Jun - 2024

30

Documents Required For Income Tax Return (ITR) Filing In India

Documents Required For Income Tax Return (ITR) Filing In India

Documents Required For Income Tax Return (ITR) Filing In India When filing an income tax return, you must submit certain documents that serve as proof of income for the specific financial year. It is mandatory for anyone liable to pay Income Tax to provide these documents to the Income Tax Departme ...

Jun - 2024

29

Income Tax ITR Filing Due Date

Income Tax ITR Filing Due Date

Income Tax ITR Filing Due Date Filing Income Tax Returns (ITR) is a fundamental responsibility for every taxpayer in India. It ensures compliance with the country's tax laws and involves reporting all sources of income, deductions, and tax liabilities to the Income Tax Department. The Due Date ...

May - 2024

14

How to File Income Tax Return of Deceased Person in India

How to File Income Tax Return of Deceased Person in India

How to File Income Tax Return of Deceased Person in India The season for filing income tax returns is here again! Typically, the deadline for individuals to file their returns is July 31, 2024, for the financial year 2023-24. We usually refer to living persons when we mention individuals, but there ...

Apr - 2024

29

Business Income Tax Return (ITR) Filing

Business Income Tax Return (ITR) Filing

Business Income Tax Return (ITR) Filing Every year, businesses in India must declare their income to the Income Tax Department through Business Income Tax Return (ITR) filing. This involves electronically submitting the appropriate ITR form on the income tax e-filing portal. The required form and d ...

Check After 🔎 Some Time