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.

Who Qualifies for Using the ITR-2 Form When Filing Their ITR?

The ITR-2 form is an essential document used for filing income tax returns in India. The income tax department has classified taxpayers on multiple grounds, including your income and its origins. This ensures a more […]

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7 Tips For Preparing To File Your Taxes

The 2023 tax season has passed, and the IRS expected that more than 168 million filers will file their 2022 tax returns by the April 18 deadline. If you expect your taxes to be more […]

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A Hands on Guide to Income Tax Return E-Filing

E-filing ITR is extensively accessible today, making tax expertise more affordable with every passing day. Let us find out about the three ways to e-file income tax returns. Three Methods of Income Tax Return E-Filing! […]

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Know About Due Dates for ITR and GST Filing

ITR & GST Filing Are you aware that the due dates for Income Tax and GST filing vary for different categories of taxpayers? Let’s first talk about Income tax filing. For individuals, HUF (Hindu Undivided Families) and […]

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Things to Keep in Mind While Filing ITR for FY-2019-20

Filing Income Tax Return Online With the closure of the financial year 2018-19, it is time to file your income tax return. Filing ITR is mandated by law and acts as legal proof of your […]

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How to File Income Tax Return for the Deceased by Legal Heir

Income Tax return After Death Filling of Income Tax return for an individual is mandatory on gross income. During financial year if the person died, according to the income tax department, the tax payment for […]

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Personal Tax Return Online- Safer Option than Doing It Manually

Individual Tax Return Filing Nowadays, paying personal tax return online has become a very easy task. You just have to click few buttons and it is done. Few years back people struggled with filing the […]

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Demonetization Effect: ITR Filing Rise by 25% Last Year

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. Increased numbers of people are […]

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What Should You Know About E Filing Income Tax 2018

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, 1961. E-filing income tax return […]

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Top 5 Website for Filing Income Tax Returns Online In India

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 file income tax returns for […]

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5 Things to Keep in Mind When E-Filing Income Tax Returns

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 way in your favour. Here […]

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Tips on Tax E-filing for First-Time Freelancers

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 meet the deadlines to present […]

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Govt Notifies New Simplified Income Tax Return Form

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, has reported the simplified new […]

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Avoid Penalty for Late Filing of Income Tax Return

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 about the economics of the […]

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