10 September 2019 CA Varsha Chopra Even by paying penalty, u could have filed the itr max by March 2019. Application u/s 119(2)(b) has to be filed within 6 years from the end of the assessment year for which income tax return has to be filed. After obtaining the condonation of del...
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You owe social security or Medicare tax on tips you didn't report to your employer. When to file a return even if not required Just because you are not legally required to file a tax return, that doesn't mean that you shouldn't. You should file if one of the following applies. ...
They approach a nearby CA and file their old tax returns. There has been low-Income Tax filing Compliance in India. However, in recent years, the Govt. of India has taken some stringent measures to enforce the Income Tax Law by linking various benefits for prompt tax filers. Advantages ...
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Zero returns:Even if you didn’t collect tax in an area during a certain reporting period, you may still be required to file a tax return. Be prepared to file tax returns by the due date for every reporting period, regardless of sales made during the period. If you continue to file ze...
Let us discuss about income tax return for salaried class, for whom Form 16 and 26AS are the basis for filing ITR . 1. What is 26AS? 26AS is nothing but a statement of TDS deducted by employer on your salary. Credit of TDS in 26AS of individuals is reflected only after filing of...
HOW CAN I AVOID MISTAKES IN MY TAX RETURN? Many people fear getting in trouble with the IRS if they make a mistake. Here’s how to avoid some of the most common ones: —Double check your name on your Social Security card. When working with clients, O’Saben always asks them to bring...