Jalna raids: The raids were conducted between August 1 to August 8 at the residential and official premises linked to business groups dealing in steel, clothing, and real estate.
ITR filing: Those who wish to send the ITR-V in a hard copy can send it through the usual address through "speed post only" to Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.
ITR filing deadline: The deadline for filing I-T returns by those taxpayers who do not have to get their accounts audited for the fiscal that ended on March 31, 2022 was Sunday (July 31, 2022).
Income Tax return filing deadline: The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31.
Income Tax Returns: According to the official portal, only 40 per cent returns have been filled till, July 27. As people try to file their returns, they have pointed out glitches in the official portal.
Income Tax Return deadline: Not just a late fee, but the missing deadline will also have some other financial consequences. Apart from the late fee charges missing deadlines have several other implications. If you miss the deadline you will be required to pay interest on the late payment of taxes.
The Income Tax Department has prescribed 7 types of ITR forms, whose applicability will depend on the nature and amount of income and the type of taxpayer.
As per the Income Tax Act, 1961, an individual is entitled to a deduction of Rs 1.50 lakh per annum under Section 80C.
"Thus, in a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) is required to deduct tax under section 194S of the Act," the CBDT said.
Infosys has confirmed the glitch on the e-filing portal and assured resolving the issue on priority.
The new form (ITR-U) will be available to taxpayers for filing updated income tax returns for 2019-20 and 2020-21 fiscals.
I-T's raids are underway at properties linked to Hiranandani Group in Mumbai, Chennai and Bengaluru.
Chitra Ramkrishna is in the news after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).
Introduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.
Finance Minister Nirmala Sitharaman presented Budget 2022 on Tuesday announcing that digital currency, 5G services will be launched by next year, new Vande Bharat trains but no change in tax slabs. Let's take a look at what a common man needs to know about Modi government's budget.
The basic personal tax exemption limit in the personal income tax was last revised in 2014. Notably, personal income tax is one of the most keenly awaited announcements in the Budget every year.
Ahead of the Budget, taxpayers were expecting the announcement of changes in Income Tax slabs and rates.
The decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961
Ajay Chaudhary is CMD of real estate company Ace Group. He is believed to have close contact with Samajwadi Party chief Akhilesh Yadav.
The government on Friday said there is no proposal to extend the deadline for filing income tax returns beyond its current deadline of December 31.
Top News
Latest News
