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  • Deadline For Filing Income Tax Return (ITR) Is Just 9 Days Away: 10 Latest Details To Know
    The last date for filing of income tax returns for assessment year 2019-20 (financial year 2018-19) is August 31, 2019. Last month, the government extended the original deadline of July 31 by one month, announcing August 31 as the new deadline. That means, those looking to file their income tax return (ITR) without having to bear any penalty charges have nine days left to do so. If an individual fails to file income tax return by August 31, then that individual will be levied a penalty of Rs 5,000 if her/she files ITR by December 31 and if the individual does not file the return by the December deadline, the penalty amount will increase to Rs 10,000 according to Income Tax department.
  • 10 Days Left To File Your Income Tax Return And Avoid Penalty
    Missing the due date leads to a penalty of up to Rs 10,000.
  • Government-Appointed Task Force On Direct Tax Code Submits Report
    The task force was assigned to draft direct tax laws in line with the norms prevalent in other countries, incorporating international best practices, and keeping in mind the economic needs of the country.
  • SBI Tax Saving Fixed Deposit (FD): Interest Rate, Lock-In Period, Key Features
    Most commercial banks in the country such as State Bank of India (SBI) offer income tax benefits under a special type of fixed deposit (FD) account. This income tax benefit can be availed by the eligible assessees against their investment - up to Rs 1.5 lakh in a financial year- under Section 80C of the Income Tax Act. Also known as tax-saving fixed deposit, this special type of fixed deposit allows a minimum maturity period of five years and a maximum of 10 years, according to SBI's website- sbi.co.in.
  • Income Tax Return Filing Deadline 2 Weeks Away, Here's A Quick Guide
    The I-T department provides various forms for income tax assessees to file their ITR or income tax return. Meant for different types of taxpayers, such as salaried or self-employed individuals and companies, these income tax forms are known as ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V (verification), according to its website - incometaxindia.gov.in.
  • Find Out The Penalty Charges You Have To Pay For Missing Income Tax Deadline
    Penalty charges for missing income tax deadline: An income tax return not furnished by the due date set by the Income Tax Department is called a belated return. A belated return of income is furnished under section 139(4) of the Income Tax Act.
  • How To Prepare And Submit An Income Tax Return Online, Which Form To Use
    Income tax return last date: The Income Tax Department provides seven different forms applicable to different types of assessees.
  • These Post Office Saving Schemes Offer Income Tax Benefits
    Using these post office saving schemes, an investor can claim a deduction up to Rs. 1.5 lakh in a financial year from taxable income.
  • Have You Filed Your Income Tax Return? Key Things You Need To Know
    The taxman has provided seven forms - named ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 - for filing of ITR, and one form - ITR-V - for verification, according to its website - incometaxindia.gov.in.
  • How To Verify Income Tax Return (ITR) Without Login To E-Filing Account
    The last day to file income tax return (ITR) for the assessment year 2019-20 (financial year 2018-19) is August 31, 2019.
  • All You Need To Know About Income Tax Return Form 2
    For filing of income tax return, the Income Tax (I-T) Department has provided seven forms - ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7.
  • Here Are Five Ways To Verify Income Tax Returns Online
    ITR e-verification: Filing the ITR by the stipulated deadline of August 31, 2019 ensures that the assessee does not have to bear any penalty charges.
  • Ready To File Income Tax Return? How To Prepare And Submit It Online
    Income tax return filing process: The Income Tax Department earlier this month extended the due date for assessees to file their income tax return by a month, to August 31. Once can prepare and submit an income tax return online by logging in to the Income Tax Department's e-filing portal (incometaxindiaefiling.gov.in).
  • Today Is Not The Last Day To File Income Tax Return (ITR), Here's Your Complete Guide
    Last week itself, the Central Board of Direct Taxes (CBDT) extended the ITR filing deadlineto August 31, 2019, from the previous ITR filing deadline of July 31, 2019. It was reported that some of the taxpayers were facing difficulties in filing their ITR due to various reasons including extension of due date for issue of Form 16 for assessment year 2019-20, according to a notification issued by the Income Tax Department.
  • Aadhaar-PAN Linking: How To Link PAN With Aadhaar Online
    PAN-Aadhaar linking service: The Income Tax Department provides two online facilities for assessees to link their Aadhaar card number with Permanent Account Number (PAN). These are: an SMS-based facility, and an online facility on the taxman's e-filing portal.

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