Income Tax Articles

Sugar Manufacturing Co-operatives may now get their old IT demands dropped by filing applications u/s 154 and 155(19)

Vivek Jalan 05 August 2023 at 09:11

The recent amendments in the Income Tax Act have provided much-needed relief to co-operative sugar factories operating in India by allowing deductions for sugarcane purchases made at or below the government-approved price. T

Be Cautious of Fake Income Tax Refund Messages: Protect Yourself from Scammers

Rashmi 05 August 2023 at 09:11

As the Income Tax Return filing deadline for non-audit cases for the assessment year 2023-24 has passed, many taxpayers have begun receiving their refunds after their returns have been processed by the tax department.

Demystifying the Record-Breaking Surge in Income Tax Returns

Rashmi 02 August 2023 at 12:58

Record-Breaking Surge in Income Tax Returns: A Comprehensive Guide to Checking and Understanding Your ITR Status Online

Your Complete Guide to Filing Belated Income Tax Returns: Important Dates, Penalties and Benefits

Rashmi 01 August 2023 at 14:26

When you file a belated income tax return, you need to pay a late filing fee and penal interest on any taxes you owe. Here's what you need to know about filing a belated income tax return in simple English.

TDS Correction: How to revise TDS return

Aisha 31 July 2023 at 17:39

TDS returns are quarterly statements that every deductor is required to submit. These returns contain information about the tax deducted at source, the PAN numbers of the deductees, particulars of the tax collected, and details of the tax paid to the government, along with the TDS challan or receipt numbers.

Last Date 31st July 2023 To File ITR

Mitali 31 July 2023 at 13:03

Income Tax Return (ITR) is a form used to declare an individual's or entity's income and taxes paid or owed to the government during a financial year.

File Income Tax Return Even if PAN is Inoperative - A Guide

Rashmi 31 July 2023 at 12:55

According to the Income Tax Department, if you forgot to link your PAN with Aadhaar by June 30, 2023, you can still file your income tax return. The last date to file ITR for individuals not requiring audit for FY 2022-23 (AY 2023-24) is July 31, 2023.