Make these mandatory disclosures in ITR to avoid getting a notice from tax department

The due date for filing income tax return (ITR) for the financial year 2020-21 is September 30, 2021. It has been observed that in the rush to file ITR, tax filers often commit mistakes in the return and do not make mandatory disclosures. As per income tax rules, it is mandatory to make certain disclosures while filing […]

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Income Tax Deadlines Extended: These Taxpayers Still Must Pay Double TDS if Not Filed by June

The Central Board of Direct Taxes (CBDT) has recently extended various deadlines related to income tax to provide some relief in the wake of second wave of coronavirus outbreak. Now taxpayers will have time till July 15 to file the TDS for the last quarter of financial year 2020-21. However, there has been no changes in certain deadlines. Some taxpayers […]

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Traveling abroad? Buying dollar beyond this limit may attract income tax notice

  Income tax division has develop into extremely vigilant towards the money transactions executed by taxpayers. It has advanced such an efficient system during which, if a taxpayer executes any such money transaction, then it’s going to get reported to the division a lot earlier than the taxpayer stories such transaction. This system is efficient […]

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I-T dept launches new e-filing portal, asks taxpayers to update mobile number, email ID

  New Delhi, Jun 7 (PTI) The income tax department on Monday launched a new portal e-filing 2.0, which will make online filing of returns and tax payment easier. The new portal — www.incometax.gov.in — replaces the ‘http://incometaxindiaefiling.gov.in’ site, and can be accessed by taxpayers in various regional languages. The income tax department also asked […]

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Income Tax Portal e-filing: ITR e-filing 2.0 Portal Link, Features, Benefits

The Income Tax Department launched its new e-filing portal www.incometax.gov.in on 7th June, 2021. The new website aims to provide convenience and a “modern, seamless experience” to taxpayers. “Dear taxpayer, The Income Tax Department is happy to inform the launch of its new e-filing portal www.incometax.gov.in on 7th June 2021,” the Tax Department had said […]

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Income Tax Refund: Tax refund has not been received, know what could be the reason?

  Tax refunds can be delayed due to several reasons. If you have given incorrect or incomplete information while filing your income tax return, it may be late to get the refund. Tax refund has not been received, know what could be the reason? Have you filed your income tax return and have not received your […]

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New IT e-filing portal: Glitches still continue even after one week of launch, users suffer

  New Delhi: The new income-tax website launched on June 7, which promised to be a gamechanger, continues to be plagued by glitches, The Times of India reported. The taxpayers and tax professionals have said that they are unable to log in, or in cases where they are able to log in, they are unable to […]

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ITR filing deadline for FY21 extended by two months to September 30, 2021

  The government extended the deadline to file income tax return (ITR) for FY21 for individuals by two months to September 30, 2021 from the current deadline of July 31, 2021. The Central Board of Direct Taxes (CBDT), via a circular issued on May 20, 2021, stated, “The due date of furnishing of Return of […]

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Big news for Income Tax filers! You must re-register digital signature on new IT portal for THIS reason

  New Delhi: The Income Tax department has informed tax payers via an e-mail communication, asking them to re-register their digital signature certificate (DSC) once again on the newly launched IT website. The new URL http://incometax.Gov.In has now replaced the long-existing http://incometaxindiaefiling.Gov.In, and it went live at 8:45 pm on June 7. “Dear Taxpayer, Please ensure that you […]

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