Police warn of online tax frauds in ITR filing season
The cybercrime branch of the Rajasthan police issued a warning Friday about the sharp rise in online frauds during the ongoing income tax return (ITR) filing season.
Tag: ITR Filing
Excel Utilities for filing updated returns in ITR-1 and ITR-2 for the AYs 2021-22 and 2022-23 as per Finance Act, 2025 is available now for filing
Excel utilities for filing ITR-1 and 2 is available for filing for FY 2021-22 and 2022-23
ITR filing: How a taxpayer beat a Rs 1.46 lakh penalty despite false deductions
In a rare but eye-opening tax case, a salaried individual, Mr Shinde, managed to escape a hefty penalty of Rs 1.46 lakh — even after it was revealed he had under-reported 50% of his income using bogus deductions. Here’s how he turned what looked like a sure-shot penalty into a clean slate.
Check your Form 26AS, AIS carefully for error-free income tax return filing
July 31 – the due date for filing income tax returns for the financial year 2023-24 (assessment year 2024-25) – is drawing closer.
ITR filing 2024: Rent receipts and landlord’s PAN mandatory for HRA claims
When it comes to claiming House Rent Allowance (HRA) exemption, salaried individuals often find themselves confused. If you’re paying rent for your accommodation and receive HRA as part of your salary, you can claim an exemption that reduces your taxable income. But how exactly can you claim the full HRA exemption?
Income tax made easy: NRIs’ complete guide to income tax filing
Meet Srishti, an Indian citizen currently residing and working in the USA. Recently, she checked her Form 26AS online and discovered a TDS entry of INR 20,000, deducted at 30% of the interest earned in her NRO account in India. Now, the big question arises: Does Srishti need to pay tax in India? And is it mandatory for her to file an income tax return? Let’s take a look into the world of income tax filing for NRIs to find the answers.
ITR Filing 2024: How can salaried employees download Form 16, 16A and 27D from TRACES website?
The ITR Filing is an important annual tax-related exercise must for all taxpayers. Taxpayers need to furnish many documents to support their tax claims as mentioned in the Income Tax Act. For all salaried individuals, Form 16 is an essential TDS Certificate provided by employers to employees that documents the TDS (Tax Deducted at Source) from salary and other components.
ITR filing for FY 2023 enabled but CAs advising to hold return filing
ITR filing was enabled for FY 2023 in the first week of April 2023 in order to ease compliance and avoid last minute rush.
A New Record for CBDT! Over 8.18 crore ITRs filed for A.Y. 2023-2024
The Income-tax Department appreciates taxpayers and tax professionals for making compliances in time, leading to a surge in filing of…
Missed ITR filing deadline of July 31 for FY 2022-23? You can file belated ITR by Dec 31
The last date to file the income tax return (ITR) for FY 2022-23 (AY 2023-24) was July 31, 2023. If…