Income Tax Return

What Latest Form 16 Changes Mean For You

Business | NDTV Profit Team | Thursday April 18, 2019

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.

How To Update Details Given On Your PAN (Permanent Account Number) Card Via Umang App

Business | NDTV Profit Team | Wednesday April 17, 2019

PAN, which is a 10-character alphanumeric number, is issued in form of a laminated card by the Income Tax Department. PAN is required for financial transactions like opening a bank account and filing income tax returns (ITR).

Income Tax Return Form Changes And Other Details Here

Business | NDTV Profit Team | Monday April 15, 2019

The income tax department has made changes to the income tax return forms which ask for more information from the assessees. The changes in income tax return form are applicable for filing income tax for assessment year 2019-20.

You Need To Furnish These Additional Details In New Income Tax Forms

Business | NDTV Profit Team | Monday April 15, 2019

Income tax return (ITR) forms: According to income tax experts, some sections in the income tax return forms have been rationalised and reporting requirements increased. July 31 is the due date for filing income tax returns (ITR) for assessees not required to to get their accounts audited.Income tax assessees other than super senior citizens to fil...

Haven't Linked Aadhaar With PAN Yet? Here Are Five Key Things To Know

Business | NDTV Profit Team | Monday April 8, 2019

The Income Tax Department has provided multiple ways for assessees to seed the Aadhaar number into the PAN database. These include an SMS service and an online facility through its e-filing portal incometaxindiaefiling.gov.in.

Income Tax Department Notifies Forms For Assessment Year 2019-20: 10 Things To Know

Business | NDTV Profit Team | Friday April 5, 2019

The Income Tax Department has notified forms for assessees to use for filing the returns for financial year 2018-19 (assessment year 2019-20). Meant for individuals and companies, the I-T department provides seven different forms for filing of income tax return, and one for verification of income tax return. While there has been no change in ITR-1 ...

Filed Income Tax Return? Here's How To Verify It Using Aadhaar

Business | NDTV Profit Team | Tuesday April 2, 2019

ITR filing: E-verification of income tax return via Aadhaar OTP is one of the ways listed by the Income Tax Department for individuals looking to verify their ITR online. An Aadhaar OTP-based service enables income tax assessees to verify their income tax return after using the mobile number registered with the Aadhaar programme.

PAN Card Aadhaar Card Linkage Deadline Extended by 6 Months to September 30

Gadgets 360 Staff | Tuesday April 2, 2019

PAN Card Aadhaar Card linking deadline was set for March 31, but has now been moved forward 6 months.

Quoting Aadhaar In Income Tax Return Compulsory "Unless Specifically Exempted": Taxman

Business | NDTV Profit Team | Monday April 1, 2019

The CBDT has said that the cut-off date for intimating Aadhaar and linking it with PAN is September 30, 2019 "unless specifically exempted". The DBDT or Central Board of Direct Taxes is the top policy-making body for the Income Tax Department.

Today's The Last Day To Link PAN With Aadhaar. Here's How To Do It Online

Business | NDTV Profit Team | Sunday March 31, 2019

Aadhaar-PAN linking: March 31 is the last date for PAN holders - requiring to file income tax return - to link the 10-digit alphanumeric identification number with Aadhaar. In order to facilitate the linking of Aadhaar with PAN, the Income Tax Department has provided multiple options for the assessees to choose from, including an SMS service and a...

Income Tax Department To Probe 3 Lakh De-Registered Firms For Money Laundering

Business | NDTV Profit Team | Friday March 29, 2019

The CBDT has also asked the tax offices to undertake this special task and bring under their ambit the time period (over last two years) when these companies were struck off from the records of the Ministry of Corporate Affairs (MCA).

Last 3 Days To File Old Income Tax Return With Rs 10,000 Late Fee. All You Need To Know

Business | NDTV Profit Team | Friday March 29, 2019

The Income Tax Department enables the assessees - those required to pay income tax under the current laws - to file an income tax return (ITR) for the past financial year. However, such taxpayers have to bear penalty charges for filing the delayed filing of income tax return.

Due Date To Link Aadhaar With PAN Ends Soon. Here's All You Need To Know

Business | NDTV Profit Team | Friday March 29, 2019

Linking the Aadhaar number with the PAN will be essential for filing an income tax return (ITR), the Income Tax Department has said. Reminding the public about the March 31 deadline to link the two identification numbers (UID and PAN), the I-T department has over the past few weeks said that doing so is mandatory for filing of income tax return.

ITR Filing Deadline (March 31) Nears: Here Is How To File Income Tax Return Online

Business | NDTV Profit Team | Wednesday March 27, 2019

Income Tax return filing (ITR filing) deadline for assessment year 2018-19 (financial year 2017-18) is just four days away on March 31. Individuals having an annual income of Rs 2.5 lakh or more are mandatorily required to file income tax returns, according to the Income Tax Department's website.

Have You Forgotten To File Income Tax Return For 2017-18? How To Do It Now

Business | NDTV Profit Team | Tuesday March 26, 2019

The due date for individuals to file an income tax return for assessment year 2018-19 is March 31. An income tax return (ITR) for assessment year 2018-19 (financial year 2017-18) can be filed by the end of the month with a penalty fee of Rs 10,000, according to the Income Tax Department. "You can still file your Income Tax Return for A.Y. 2018-19 (...