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Income Tax Return FY23-24: Form 16 Issuance Deadline Pushed; Don't Miss Out On Dates, Other Details

As the financial year 2023-24 ends, salaried individuals across the country are gearing up for the annual ritual of filing their income tax returns. However, a delay in the issuance of Form 16 by employers has pushed the deadline for tax ...

What Are The Charges For Income Tax Filing; How Much Should You Pay For Your ITR?

As the curtains rise on the tax filing season for the Assessment Year 2024-2025, individuals across the nation are gearing up to fulfil their financial obligations to the government. However, the question that often lingers in the minds of many is, ...

Deadline Alert: Today Is Last Day To Invest In ELSS Before Income Tax Saving Deadline; All You Need To Know

As the clock ticks down to the March 31 deadline for tax-saving investments, investors have been reminded that today, March 28, marks the final opportunity to invest in Equity Linked Savings Instruments (ELSS) before the financial markets close ahead of the ...

Form 16 Download: Step-By-Step Guide On How To Download Form 16?

Form 16/16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between the deductor and deductee. ...

Navigating the Fiscal Landscape: Essential Finance - Tax Tips for 2024

As we step into a new year, understanding the intricacies of the ever-evolving fiscal/tax landscape becomes paramount for individuals and businesses alike. The financial world is dynamic, and staying ahead of the curve can lead to significant savings and strategic financial ...

Taxpayers Receive Incorrect Income Tax Notice On Claiming Deductions Under Section 80P: Report

An income tax notice is typically issued to a taxpayer for a variety of reasons, including failure to file their tax return on time, submitting it erroneously, claiming an inaccurate tax refund, and many more. However, a recent occurrence claims that ...

Middle-Class Indians' Income Grown Three Times In Last Ten Years: SBI Research

SBI Research's research of income tax returns submitted from FY11 to FY22 revealed a positive trend supported by the income class and a considerable decrease in the number of income tax returns with liabilities. India's weighted mean income increased by approximately ...

ITR Filing: All You Need To Know About Crypto Taxation

India is one of the biggest and fastest-growing cryptocurrency markets in the world. The cryptocurrency revenue in India is expected to grow at a CAGR of 9.83% between 2023 and 2027, which is projected to reach USD 324 million by 2027. ...

Income Tax Day: How To Check Annual Information Statement (AIS) Before Tax Filing?

The day is celebrated on 24 July as "Income Tax Day" every year by the Ministry of Finance to educate individuals about the importance of tax. On the occasion of "Income Tax Day," taxpayers should be informed of how to verify ...

Income Tax Return: Failure To Link PAN With Aadhaar Can Incur A Penalty Of Rs 6,000

Income Tax Return (ITR) filing season is a crucial time for taxpayers to fulfill their obligations and report their income to the tax authorities. In recent years, the government has emphasized the importance of linking Permanent Account Number (PAN) with Aadhaar, ...

What Is A Nil ITR? Check Benefits Of Filing A Nil ITR

Tax returns play a crucial role in the financial landscape, requiring individuals and businesses to report their income, deductions, and other relevant information to tax authorities. However, if an individual taxpayer's income in a financial year is less than Rs. 2.5 ...

How Salaried Employees Can File ITR Without Form 16 For AY 2023-24?

When it comes to submitting ITR for salaried individuals, Form 16 can be essential. The employer's Form 16 (Part A and Part B) includes information on taxes deducted from compensation and the calculation of total income. Form 16 is the most ...

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