Posted in Tax Return

Your guide to filing income tax returns this year

Mumbai: With the new financial year comes a new income tax return (ITR) form too. The income tax (I-T) department has said that the new ITR-1 and ITR-4 forms for…

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Posted in Tax Return

Income Tax return: Be a smart saver! These 5 hacks will save your money

The time to pay your taxes has arrived and most taxpayers would be busy calculating their taxes and claims which can be made during Income Tax…

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Posted in Tax Return

Income Tax Return (ITR) filing: Your salary structure decoded – Know how much you can save on taxes

Every salaried employee is liable to pay taxes to Income Tax Department! However, the HR department of almost every company designs the salary break-up in…

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Posted in Tax Return

‘I’m not tall enough to post my tax return’

HM Revenue & Customs (HMRC) has revealed some of the strangest excuses offered by taxpayers when filing their tax return late. As the deadline approaches…

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Posted in Tax Return

Pre-filled Income Tax Return Forms by Next Year, Refunds to be Processed in a Day

Tax payers fill up forms before submitting their income tax returns. (Reuters) New Delhi: The wait for getting income tax refunds and the difficulty encountered…

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Infosys-built system to cut tax return processing time to 24 hours by 2020

By 2020 taxpayers will have their income tax filing system run not by “Sarkari” IT teams but by IT major Infosys. The union cabinet on…

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Posted in Tax Return

ITR tips: 5 mistakes you should avoid while filing income tax returns

Filing income tax returns (ITR) can be a dreary process for most individuals, especially those who have a large number of investments. A number of…

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Posted in Tax Return

Govt waives late fee for non-filers of GST returns between July ’17-Sept ’18

The government has waived late fees for non-filers of summary and final sales returns for the July 2017-September 2018 period by businesses registered under the…

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Posted in Tax Return

TDS on property sale: Answers to common queries on deduction and payment

Tax Deducted at Source (TDS) under the Income Tax Act has undergone wide-ranging changes in the last decade. One of them was the introduction of…

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Posted in Tax Return

Focussing on improving compliance, identifying areas which have escaped tax net: Revenue Secy

The government is looking at bringing untaxed sectors in the tax net as well as improving compliance to raise the tax-to-GDP ratio, Revenue Secretary Ajay…

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