In this post, we will explain –How to file Income Tax return online for FREE in simple steps. 1)E filing of income tax return is mandatory – if your total Income is Rs 5 lakhs or more. Digital signature is not required to file e-returns.Read this post to see when efiling is man...
What is the last date of efiling income tax? How to efile income tax return? Age Limitation According to Gross Income If your gross income is more than 2.5 lacs and your age is under 60 years, you are liable to file Income Tax Return. For age group, if you are in between 60 years...
The official income tax e-filing portal no longer shows the option to check your tax refund status from the online tabs. You can much more easily view your tax refund right here. Just sign up with us and click on the button. According to the Central Board of Direct Taxes (CBDT) the ...
I have filed my income tax return on time and I was expecting some income tax refund. There was announcement by Govt of India that due to coronavirus situation, Income Tax Department would be speeding up the income tax refund which can benefit many of us from the current situation. A coupl...
Then fill in or correct relevant details of the online ITR form and then submit the ITR. E-verify the returns To get it from the income tax filing website, login in and click on the ‘View Return’. You would see all the returns you have submitted electronically. Get the Ack.No numbe...
Sometime, after submission of the return, the taxpayer may feel that there are factual inaccuracies in the return which he/she has filed. In that case, the tax-payer may revise the return. In this thread, I am trying to mention the process of revising the return.In case the tax-payer...
Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage int...
Automated Calculations:Say goodbye to manual number crunching. File your Annual Income Tax Return with Taxumo to make tax filing easy for you by automatically calculating your taxes for you. Ahead of tax payables:One of the biggest fears during Annual Income Tax season isknowing how much you ne...
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.
Even if your child isn't required to file an income tax return, it can still be a good idea to file if: Income taxes were withheld from earnings They qualify for the earned income credit They owe recapture taxes, such as the tax from the recapture of an education creditor ...