15 ViewsThe CBDT vide Notification No. 05 of 2022 dated July 29, 2022 regarding the reduction of time limit for verification of the Income Tax Return (“ITR”) from within 120 days to 30 days of transmitting the data of ITR electronically effect from August 01, 2022. The Central Board of Direct Taxes (CBDT) vide Circular […]
New record of over 72.42 lakh ITRs filed on a single day. About 5.83 crore ITRs filed till 31st July, 2022
12 ViewsThe Department expresses its gratitude to taxpayers and tax professionals for making compliances in time leading to a surge in filing of Income Tax Returns (ITRs) resulting in a new record of ITRs filed on a single day. The surge of filing ITRs peaked on July 31, 2022 (due date for salaried taxpayers and […]
ICAI advises CAs ‘pleasure, not pressure’ in ITR rush
6 ViewsMake no mistake, if you miss the July 31 tax deadline, it’s your problem, not your chartered accountant’s (CA), to pore over Form 16, bills and sundry documents. For a change, these overworked professionals immersed in numbers and Excel sheets who often have to bear the brunt of dodgy clients’ actions, may choose to […]
54% tax payers yet to file ITR; 37% say difficult to do so by deadline: Survey
1 ViewsDue date to file ITR (AY 2022-23) for salaried taxpayers and non-auditable cases is July 31, 2022. So far, more than 2 crore income tax returns (ITRs) for the AY 2022–23 have been submitted via the income tax e-filing system, as per an Income Tax Department tweet. A Local Circle report reveals that more […]
No plan to extend deadline for filing income tax returns: Revenue Secretary
1 ViewsThe government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official said on Friday. Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and […]
CBDT enabled filing of ITR-U on Income Tax e-filing portal for AY 2020-21 and AY 2021-22 using Excel utility for ITR-2 and ITR-3
7 ViewsThe Central Board of Direct Taxes CBDT has enabled the filing of ITR-U on the Income Tax e-filing portal for the Assessment Year 2020-21 and AY 2021-22 using Excel utility for ITR-2 and ITR-3. The Income Tax E-filing Portal, on Saturday dated July 09, 2022 has issued an update that says “E-filing of Updated […]
ITR-U Enabled for ITR 1 and ITR 4
1 ViewsE-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22 using Excel utility for ITR 1 and 4. Refer details in News section. Please click Downloads/ Income Tax Department to access and download the same for clicking respective AY folder. Once updated ITR is prepared, you can upload the […]
CBDT enabled ITR filing for Assessment Year 2022-23 on e-filing portal
2 ViewsCBDT has enabled Income Tax Return filing for the Assessment Year 2022-23 on the e-filing portal. ITR filing for AY 2022-23 is available on the e-filing portal. Check your Form 26AS, AIS & other relevant documents before submission. Be an early filer. File Now Please visit http://incometax.gov.in
CBDT released Excel Offline Utility for preparing and filing ITR-5
13 ViewsThe Central Board of Direct Taxes (“CBDT”) has released Excel Offline Utility dated June 14, 2022 for the preparation and filing of ITR-5. Please click Downloads | Income Tax Department to access and download the same. Once prepared, you can upload the JSON to the Income-tax website.
Common Offline Utility for filing Income-tax Returns for the AY 2022-23.
9 ViewsCommon Offline Utility for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and ITR 4 for the AY 2022-23 is released today on 23.05.2022. Source: https://www.incometax.gov.in/iec/foportal/downloads/income-tax-returns