If you find yourself in this situation, don’t panic. While penalties and fees are associated with filing your ITR after the due date, it’s still better to file late than not at all. In this blog post, we’ll go through the step-by-step process of filing income tax returns after t...
After e-filing ITR: ITR-V,Receipt Status,Intimation u/s 143(1) E-filing : Excel File of Income Tax Return Self Assessment Tax, Pay Tax using Challan 280, Updating ITR Updated ITR, ITR U: What is it? How to file it? Missed Filing ITR: Check Tax Liability,File Condonation of Delay...
Using a variety of factors to ensure easy compliance with income taxes, the income-tax department categorizes taxpayers based on their income and source of income; and subsequently, lets them file their Income Tax Returns (ITR). Since taxpayers have different income categories, they have to fill...
The Income Tax Return or ITR that most people refer to is actually the annual tax form that individuals file every April 15th of the following year. This form summarizes all of the income (or loss) you have incurred for the past year. With the new Tax Reform Laws (TRAIN), there are n...
Please file your ITR on time:The last date of filing Income Tax Return (ITR) is31 July 2019.From FY 2018-19 If taxpayers – individual or corporate – forget to file their income tax returns by the due date, theywill not be allowedto claim tax breaks on investments, children’s school...
Duly sign the document. After which, you need send one of the copies to this address: Post Bag No. 1, Electronic City Office, Bengaluru–560500 (Karnataka) for verification. Keep the other copy for your ITR record. Offline Bar-coded returns must be submitted ...
44AD, 44AE, or 44ADA, it is presumed to have been calculated after accounting for all allowances, depreciation, losses, or deductions as per the Income-tax Act. However, individuals incurring losses after applying the proviso to sub-section 3 of Section 44AE are required to file ITR-5. ...
Filing early allows ample time for the tax authorities to process your return and refund. Revised Returns and Late Filing: If you file a revised return or submit your ITR after the due date, any refund generated may not be eligible for interest. It is crucial to adhere to the deadlines ...
Log in to your account by entering your User ID and your password. After logging in, click on the ‘e-file’ option. Select ‘Income Tax Return’ under the option ‘e-File’ and then select ‘View Filed Returns’. Check latest ITR filed ...
Although Advance Tax is liable to be paid on all incomes including Capital Gains, it is difficult to estimate the Capital Gains which may arise in an year. Therefore, in such cases, it is provided that if any such income arises after the due date of any installment, then, the entire amo...