Do ensure that you don’t go with the late filing of the Income Tax, as it’s going to make you pay for penalty. It’s the tool for the Government which helps in accessing the wealth of the country and plan out services and schemes accordingly. Some cases, people do file late due to which they must go ahead with heavy penalty. It’s an official statement of the earnings of the individuals, claim of the refund and tax liability from the Government. While you are filing the Income tax return, means you are presenting the overall financials to the government. With the e-filling, the filing has become simple and straight forward. One could file by uploading the XML income tax document on the official site Income Tax. Assessment year, 31st July is the last date for the Returns and income tax payment. In some cases, there could be extension. For example, last date for 16-17 (Assessment year) was extended till 5th August. Read here news and article about Income tax return or ITR filing.
25% Growth in ITR Filing The period between March 2017 and August 2017 saw a rise in filing of income tax returns by 25 % over corresponding last year period. […]
Income Tax Return E Filing Every individual whose total income comes in the taxable slab should file income tax return according to the section of 139(1) of Income Tax Act, […]
Best Online Tax Filing Service India Salaried individuals or business owners, everyone needs to file their income tax returns before the due date. It is mandatory under the law to […]
Online Income Tax Return Filing The process of filing income tax returns is done every year; however, paying some caution and diligence while filing the ITR will go a long […]
Tax E-Filing “The hardest thing to understand in the world is the income tax,” said Einstein. As the tax season arrives every year when the salaried and businessperson hurry to […]
As an attempt to simplify the tax filing process and reduce the compliance burden on the taxpayer, The Central Board of Direct Taxes (CBDT), or the regulator of income tax, […]
Income tax return is a tool for the government. It helps to assess nation’s wealth and plan out schemes and services accordingly. Consequently, the government will have a better idea […]