My FD interest is less than ₹5 lakh. Am I exempt from TDS if I submit form 15G for every financial year? – Name withheld on request We presume that you don’t have any income other than interest earned from fixed deposit (FD). Since your interest from FD is below the tax exemption threshold of ₹5 lakh, […]
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The last date to file income tax return is 31 December 2021. If you miss this deadline, you may have to pay a fine of Rs 5,000. However, there are some taxpayers who can file their ITR even after the expiry of the deadline without any penalty. Let us tell you which taxpayers will get […]
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The taxpayers may still require to pay additional interest even though the central government has extended Income Tax Return (ITR) filing last date. Taxpayers may need to pay additional interest at the rate of 1 per cent per month despite filing the return in the extended period in case the balance tax payable exceeds Rs […]
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On Thursday, the Central Board of Direct Taxes (CBDT) has once again extended the end date to file Income Tax Return (ITR) for the financial year 2020-21 to December 31, 2021. The ‘ITR filing deadline’ has been extended for a second time due to technical glitches on the new income tax e-filing portal. The official Twitter of […]
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I have filed my ITR in the new e-filing portal and verified it online through Aadhar card. I can see both ‘verified’ and ‘verification pending’ in my account. I am confused if I have to do something else to complete verification. —Dolly Moga The new income-tax portal is still facing issues and glitches and the […]
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Individual taxpayers, pay attention, please. You must file your Income Tax Return on or before September 30 or you will have to pay a late fee of Rs 5000. The Central government recently extended the deadline for ITR filing to September 30 due to the COVID pandemic. However, if an individual taxpayer fails to file […]
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Most of the individual taxpayers file their own ITR themselves. Since income tax is a complex law, an ordinary taxpayer is bound to commit certain mistakes while filling the ITR forms. In this article I intend to discuss some of the most common mistake committed by individual taxpayers while filling the ITR and which can be avoided. Filling in […]
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Many taxpayers who filed their income tax returns (ITRs) for FY2020-21 after the July 31 deadline were charged a late fee despite the last date being officially extended by the government till September 30, 2021. But the faulty new tax filing portal seems to have missed the memo adding the long list of complaints that […]
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Income Tax Return (ITR) Filing last date has been extended from July 31, 2021 to to September 30, 2021. The central government had announced that the deadline for filing ITR for Financial Year 2020-21 was extended due to prevalent Covid pandemic situation. Income Tax Return E-Filing Last Date, ITR Filing Last Date However, one must […]
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5 Rules: There are going to be many changes related to the life of the common man from 1 June 2021. In this, many rules related to banking, income tax, e-filing and gas cylinders will be changed, which will have a direct impact on your life. Please tell that from June 1, the mode of payment from […]
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