However, as it is a mandatory process, one must abide by it, and the sooner we understand the process, the better. This article aims at presenting the steps in a clear format so that any doubts or queries that you may have had about filing the ITR, get pulled away; leaving you with ...
Furthermore, you must also know that it can be used to reduce your Income Tax Liability while ITR Filing. Know all the crucial details to claim house rent allowance exemption in ITR Filing through this article. What is House Rent Allowance? House Rent Allowance (HRA) is an allowance given ...
To be clear, youcan still file AFTER these dates— penalty calculations of the BIR will be included though as Taxumo will assume the filing will happen after the April 15 deadline of the BIR. When I use Taxumo for filing and paying for my 1701 and 1701A, when do I know that Taxumo...
the process of filing the ITRs is not complete unless its verification is done. This submitted ITR needs to be e-Verified later, using the path 'My Account > e-Verify Return'. Alternatively, ITR-V can be signed and sent to CPC, Bengaluru. ...
Note: that ITR-U cannot be used to show a loss return, claim income tax refund and so on. When can an Updated ITR be filed? An Updated Returncan be filedin the following cases: Did not file the return. Missed return filing deadline and the belated return deadline ...
Complete details about how to download and view Form 26AS through the new income tax filing portal so follows steps: Step 1: Open the government official website: https://www.incometax.gov.in/iec/foportal/ Step 2: Logon to the new ITR E-filing Portal 2.0 Step 3: After that go to ...
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website. As the due date for income tax is 31 July, you need to make sure that te returns a
Section 10(16) of the act states that scholarships are exempt from taxation. When an internship has the potential to lead to a job, an employer deducts TDS, if applicable, based on your stipend amount. Filing an ITR enables you to claim a tax deduction....
This article explains how to fill Form 67 to claim the foreign tax paid on New Income Tax Portal It is also essential to file Form 67 on or before the due date of filing the income tax return u/s 139(1) i.e. the original return of income Foreign tax credit(FTC) has to be ...