Income Tax Form 16

Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax

Income Tax Deadline: As per the new timelines, the TDS/TCS book adjustment statement can be furnished on or before June 30, 2021, according to the Central Board Of Direct Taxes

ITR Filing Deadline: Amid COVID-19, the government extended the due date of filing income tax returns for the financial year 2020-21 by two months till September 30

Income Tax Form 16 also reflects any additional income of the employee and the deductions availed by the employee to decrease the tax liability.

The I-T department's e-assessment project seeks to provide better taxpayer service and reduction of taxpayer grievances.

The due date for assessees to file their income tax return (ITR) for assessment year 2019-20 (financial year 2018-19) is August 31. The Income Tax Department has provided seven ITR forms to enable assessees to file their income tax return online. The process of filing of an I-T return online is known as e-filing. The tax forms are applicable for as...

Only three days are left for assessees to file their income tax returns (ITRs) for income earned in assessment year 2019-20 (financial year 2018-19). Through an income tax return, the assessee communicates the particulars of the income earned and any taxes paid on it in a financial year to the Income Tax Department in a prescribed format. It is com...

Missing the due date leads to a penalty of up to Rs 10,000.

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...

In a major relief to the taxpayers, the Income Tax Department has extended the deadline for filing income tax return (ITR) by individuals for financial year 2018-19 by a month till August 31. The revised due date is applicable to all taxpayers who were liable to file their tax returns by July 31, the original due date. The extension comes after the...

Budget 2019 expectations: FICCI has also called for abolishing surcharge for those who have total income above Rs 50 lakh and Rs 1 crore.

Form 16: The Income Tax Department earlier this month notified new ITR forms. These income tax return forms - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7 - are applicable for reporting income earned during financial year 2018-19, which ended on March 31, 2019.

While a substantial number of income tax payers may have cleared their income tax (I-T) liability for the assessment years 2016-17 and 2017-18, the ones who have not paid as yet can still do so by filing the belated income returns. Ideally, the salaried individuals are expected to pay the income tax return before July 31 of the year following the o...

While a substantial number of income tax payers may have cleared their income tax (I-T) liability for the assessment years 2016-17 and 2017-18, but the ones who have not paid as yet can still do so by filing the belated income returns (I-T). Ideally, the salaried individuals are expected to pay the income tax return before July 31 of the year follo...

Taxpayers who missed the earlier ITR (income tax return) deadline of July 31 can now file their tax returns by August 5.

Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax

Income Tax Deadline: As per the new timelines, the TDS/TCS book adjustment statement can be furnished on or before June 30, 2021, according to the Central Board Of Direct Taxes

ITR Filing Deadline: Amid COVID-19, the government extended the due date of filing income tax returns for the financial year 2020-21 by two months till September 30

Income Tax Form 16 also reflects any additional income of the employee and the deductions availed by the employee to decrease the tax liability.

The I-T department's e-assessment project seeks to provide better taxpayer service and reduction of taxpayer grievances.

The due date for assessees to file their income tax return (ITR) for assessment year 2019-20 (financial year 2018-19) is August 31. The Income Tax Department has provided seven ITR forms to enable assessees to file their income tax return online. The process of filing of an I-T return online is known as e-filing. The tax forms are applicable for as...

Only three days are left for assessees to file their income tax returns (ITRs) for income earned in assessment year 2019-20 (financial year 2018-19). Through an income tax return, the assessee communicates the particulars of the income earned and any taxes paid on it in a financial year to the Income Tax Department in a prescribed format. It is com...

Missing the due date leads to a penalty of up to Rs 10,000.

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...

In a major relief to the taxpayers, the Income Tax Department has extended the deadline for filing income tax return (ITR) by individuals for financial year 2018-19 by a month till August 31. The revised due date is applicable to all taxpayers who were liable to file their tax returns by July 31, the original due date. The extension comes after the...

Budget 2019 expectations: FICCI has also called for abolishing surcharge for those who have total income above Rs 50 lakh and Rs 1 crore.

Form 16: The Income Tax Department earlier this month notified new ITR forms. These income tax return forms - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7 - are applicable for reporting income earned during financial year 2018-19, which ended on March 31, 2019.

While a substantial number of income tax payers may have cleared their income tax (I-T) liability for the assessment years 2016-17 and 2017-18, the ones who have not paid as yet can still do so by filing the belated income returns. Ideally, the salaried individuals are expected to pay the income tax return before July 31 of the year following the o...

While a substantial number of income tax payers may have cleared their income tax (I-T) liability for the assessment years 2016-17 and 2017-18, but the ones who have not paid as yet can still do so by filing the belated income returns (I-T). Ideally, the salaried individuals are expected to pay the income tax return before July 31 of the year follo...

Taxpayers who missed the earlier ITR (income tax return) deadline of July 31 can now file their tax returns by August 5.