Page 2 Tax Return: Latest News and Updates, Top Stories, Videos, Photos About Tax Return

Income Tax Dept Activates All Income Tax Returns For E-Filing

The Income Tax department activated the e-filing facility for all categories of Income Tax Returns (ITRs) for the assessment year 2017-18. The new ITRs have been made available for filing on the e-portal of the department -- https://incometaxindiaefiling.gov.in. "All ITRs are ...

Bengaluru Tax Office That Receives Your Returns Gets Unique PIN Code

Taxpayers wanting to send their paper ITR acknowledgement forms or documents related to refunds and others to the I-T department's CPC in Bengaluru can now send it to a "unique" pin code. The Department of Post has allotted the pin code ...

11 Things To Do Before 31st March 2017

The financial year 2016-17 is about to end. It is the time to clear and claim all the exemptions and deductions and reduce your tax liability for the year. When you employ effective tax planning strategies, you have more money to ...

Operation Clean Money: Taxman Scans 1 Crore Accounts

In a bid to clamp down on unaccounted money funnelled into bank accounts post demonetisation, the tax department has scrutinized and matched as many as 1-crore accounts and asked 18 lakh, people, to explain the source of fund. The tax department ...

Last Deadline For Black Money Holders: March

Offering one last chance to black money holders, the Indian government on Friday said they have time until March-end to come clean by paying 50 per cent tax on bank deposits of junk currencies made post demonetisation, reports PTI. Offering tax ...

Income Tax Returns: CBDT Warns Tax Payers

In a stern warning to assesses trying to misuse the provision of revising income tax returns, the Central Board of Direct Taxes, which is the policy-making body of the Income Tax Department, said those "drastically" altering the forms to revise their ...

8 Common Income Tax Return Mistakes To Avoid In 2016

Individuals these days are taking charge of filing their own returns instead of seeking help from a tax professional or tax consultants. If the filing is not done with proper care one can end up receiving notice from the tax department ...

Tax Deducted At Source (TDS): 5 Smart Things To Know

Tax Deducted at Source (TDS) is a type of tax which is collected by banks, individuals and other entities on behalf of the Income Tax Department in India also managed by the Central Board for Direct Taxes (CBDT). TDS will be ...

Form 16: 7 Must-Know Points for Salaried Individuals

In this fast moving world, young individuals switch job more often with an aim to get a better opportunity and better increment. If you have changed the job in the same financial year, tax authorities require you to sum up the ...

How To File Income Tax Returns After The Due Date?

Individuals can file their tax returns after the due date. However, one cannot file a revised return. The due to file income tax returns for the assessment year 2015-16 and Financial Year 2014-15 was August 31, 2015. Now, if you have ...

ITR 1 Sahaj: 5 Things Taxpayer Should Be Aware

Income Tax Return (ITR) Form 1 is for individuals having salary and interest income. This Return Form is applicable for assessment year 2016-17, which means it relates to income earned in Financial Year 2015 -16. 1) Who can use ...

What is the Difference Between Tax Return and Tax Refund?

Income tax is a financial charge levied on individual based on his earning. Failure to file tax is punishable under Income Tax laws. Taxes can be classified under two headings: One is Direct Tax and another is Indirect Tax. Direct ...

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