IT Returns

Timelines
#FinancialBytes: How to file income tax returns (ITRs) online?

15 May 2019

#FinancialBytes: How to file income tax returns (ITRs) online?

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers in the country.

Important rules about PAN card you must know

23 Feb 2019

Important rules about PAN card you must know

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.

#FinancialBytes: Best ways for salaried individuals to save on tax

08 Dec 2018

#FinancialBytes: Best ways for salaried individuals to save on tax

Many taxpayers are often worried or confused about saving on income tax. Salaried individuals, especially, try to find tax-saving investment options to reduce tax liability every year.

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

29 Nov 2018

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

Know all about Income Tax in India

24 Aug 2018

Know all about Income Tax in India

Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.

All you need to know about your Form 16

23 Aug 2018

All you need to know about your Form 16

As a salaried person, you must have heard the term 'Form 16'.

#FinancialBytes: Here's how you can file the I-T return yourself

19 Aug 2018

#FinancialBytes: Here's how you can file the I-T return yourself

Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.

Income Tax collection at record Rs. 10.03 lakh crore: CBDT

17 Aug 2018

Income Tax collection at record Rs. 10.03 lakh crore: CBDT

Income Tax collection in the country stood at a record Rs. 10.03 lakh crore during 2017-18.

#FinancialBytes: 10 Documents you need while filing your I-T Return

03 Aug 2018

#FinancialBytes: 10 Documents you need while filing your I-T Return

Notably, the deadline for filing of Income Tax Return for the FY 2017-18 has been extended to August 1.

#FinancialBytes: What happens if you fail to file your ITR?

02 Aug 2018

#FinancialBytes: What happens if you fail to file your ITR?

The Finance Ministry has extended the ITR filing deadline from July 31 to August 31, 2018.

#FinancialBytes: How to save Income Tax under Section 80C

02 Aug 2018

#FinancialBytes: How to save Income Tax under Section 80C

Every individual, who earns more than a certain amount, is required to pay taxes in accordance to the Income Tax Act. If you don't plan well, this may seem like a hefty payment.

#FinancialBytes: Reasons to file ITR even if income is non-taxable

01 Aug 2018

#FinancialBytes: Reasons to file ITR even if income is non-taxable

Many people assume that since their estimated net income for the year doesn't exceed the tax exemption limit, they need not file an income tax return (ITR).

ITR filings have doubled, refunds have increased significantly

30 Jul 2018

ITR filings have doubled, refunds have increased significantly

While the Finance Ministry has extended the deadline for filing of annual income tax returns (ITRs) to August 31, it seems like the government's efforts to bring more eligible people under the tax net has worked.

#FinancialBytes: 9 things to keep in mind while filing ITRs

27 Jul 2018

#FinancialBytes: 9 things to keep in mind while filing ITRs

July has almost come to an end, and the deadline to file ITR ie. 31 July (for most of us) is closer than ever, with just 4 days to spare.

ITR filing deadline extended for 'certain categories' of taxpayers

26 Jul 2018

ITR filing deadline extended for 'certain categories' of taxpayers

In a tweet, the Finance Ministry has announced that the deadline for the filing of Income Tax returns has been extended by a month to August 31, 2018, albeit only for certain categories of taxpayers.

#FinancialBytes: Know all about Income Tax in India

26 Jul 2018

#FinancialBytes: Know all about Income Tax in India

Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.

#FinancialBytes: How to file your ITR using form ITR-3?

25 Jul 2018

#FinancialBytes: How to file your ITR using form ITR-3?

Just six days are left for you to file your ITR. So, if you haven't yet, do it as soon as possible, so as to avoid facing a penalty.

#FinancialBytes: Here's how you can file the I-T return yourself

25 Jul 2018

#FinancialBytes: Here's how you can file the I-T return yourself

Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.

#FinancialBytes: Form 26AS and its role in filing ITRs

24 Jul 2018

#FinancialBytes: Form 26AS and its role in filing ITRs

The deadline for filing ITR i.e. July 31, is just a week away. So, if you haven't yet filed your ITR, do it now to avoid getting penalized.

Dhoni was highest individual taxpayer in Bihar-Jharkhand region last year

24 Jul 2018

Dhoni was highest individual taxpayer in Bihar-Jharkhand region last year

Former Indian skipper MS Dhoni was the highest individual taxpayer in the whole of the Bihar-Jharkhand region last year.

#FinancialBytes: Know how to file your ITR without Form 16

22 Jul 2018

#FinancialBytes: Know how to file your ITR without Form 16

The due-date for filing your Income Tax return for this assessment year is July 31.

#FinancialBytes: Know how to check your ITR status online

19 Jul 2018

#FinancialBytes: Know how to check your ITR status online

Once the filing and verification of your I-T return is done, you can keep track of the status of your return.

#FinancialBytes: How to file I-T Return in case of job-change?

18 Jul 2018

#FinancialBytes: How to file I-T Return in case of job-change?

In order to file the income tax, if one has changed jobs, the final figures of payable tax has to be arrived at, considering all the employers, the current and the previous ones.

#FinancialBytes: A step-by-step guide to Income Tax return filing

17 Jul 2018

#FinancialBytes: A step-by-step guide to Income Tax return filing

July 31 is the last date to file your income tax, and if you fail to do it on or before that, a penalty of upto Rs. 10,000 would be levied.

#FinancialBytes: Filing your I-T Returns? Don't make these silly mistakes

16 Jul 2018

#FinancialBytes: Filing your I-T Returns? Don't make these silly mistakes

Filing Income Tax returns (ITRs) is imperative for every working professional and business organization.

#FinancialBytes: Know all about Income Tax in India

13 Jul 2018

#FinancialBytes: Know all about Income Tax in India

Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.

#FinancialBytes: How to verify your Income Tax return

12 Jul 2018

#FinancialBytes: How to verify your Income Tax return

You might think that filing your Income Tax return on time is all you have to do.

As tax-filing deadline nears, be cautious of this email ID

12 Jul 2018

As tax-filing deadline nears, be cautious of this email ID

The time for filing tax returns is here, and with it has come new ways for frauds to dupe people.

#FinancialBytes: Missed filing I-T return? Here's what you can do

20 Jun 2018

#FinancialBytes: Missed filing I-T return? Here's what you can do

The due date for filing the Income Tax Return for the financial year 2016-17 was July 31, 2017.

#FinancialBytes: 10 Documents you need while filing your I-T Return

16 Jun 2018

#FinancialBytes: 10 Documents you need while filing your I-T Return

The deadline for filing of Income Tax Return for the FY 2017-18, i.e. July 31, 2018, is approaching fast.

#FinancialBytes: Here's how you can file the I-T return yourself

05 Jun 2018

#FinancialBytes: Here's how you can file the I-T return yourself

Every individual, whose total income during a financial year exceeds the maximum income not chargeable to tax, is required to file an income tax return (ITR) as per the Income Tax Act, 1961.

#FinancialBytes: Know which Income Tax Return form you should file

04 Jun 2018

#FinancialBytes: Know which Income Tax Return form you should file

Since April 5, 2018, the Income Tax Department has been uploading the Income Tax Return (ITR) forms for the Assessment Year 2018-19 (Financial Year 2017-18). In total there are 7 such forms.

All you need to know about your Form 16

02 Jun 2018

All you need to know about your Form 16

As a salaried person, you must have heard the term 'Form 16'.

#FinancialBytes: How to file income tax online using ITR Form-1

14 May 2018

#FinancialBytes: How to file income tax online using ITR Form-1

The online portal for filing income tax returns (ITR) for the financial year 2017-18 (assessment year 2018-19) has been opened by the Income Tax Department for those who are eligible for the ITR Form-1 (Sahaj) i.e. people who have incomes of up to Rs. 50 lakh.

Inaccurate I-T return filings by salaried employees under government scanner

19 Apr 2018

Inaccurate I-T return filings by salaried employees under government scanner

Indian government is cracking down on salaried employees who use illegal means such as under-reporting of income or inflating deductions while filing income tax returns (ITRs) to avail maximum tax benefits.

Hyderabad man loses Rs. 1 lakh while filing I-T returns

14 Apr 2018

Hyderabad man loses Rs. 1 lakh while filing I-T returns

A 30-year-old professor of a city college in Hyderabad recently lost Rs. 1 lakh through phishing while filing income tax (I-T) returns online, said the Rachakonda cyber crime police.

Drug peddler nabbed after he declares income of Rs. 40L!

30 Jan 2018

Drug peddler nabbed after he declares income of Rs. 40L!

A drug peddler was nabbed in Bengaluru, only because he decided to file his income tax returns.

200 Hyderabad techies caught in income tax refund scam

27 Sep 2017

200 Hyderabad techies caught in income tax refund scam

Investigators from Hyderabad's Central Crime Station (CCS) have busted at least 200 IT employees for faking disability and chronic illness of family members to claim income tax refunds fraudulently.

Made a mistake in ITR? Know how to correct it

10 Sep 2017

Made a mistake in ITR? Know how to correct it

Filing income tax returns is a process filled with technical terms and numbers, and it is common for people to make mistakes.

Demonetization: 22.22 lakh tax evaders deposited over Rs. 2L crore!

03 Sep 2017

Demonetization: 22.22 lakh tax evaders deposited over Rs. 2L crore!

Analysis of Finance Ministry data has revealed shocking findings: a total of 22.22 lakh entities (individuals+firms), who had never filed tax returns ever, had deposited a combined amount of over Rs. 2L crore post demonetization.