Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
Q. What are the due dates of filing Income Tax Returns ? -For Individuals, the last date of filing Income Tax Return is 31st July of next financial year -For Companies & Persons who require tax audit under section 44AB, the last date of filing Income Tax Return is 30th September of ne...
Last date to file an income tax return The last date to file returns for individuals is set by the Income Tax Department. The due date differs based on the individual's income source and business type. Penalty for non-filing of an income tax return ...
ITR 6 is a tax return form for all the companies which are not claiming the exemption u/s 11 (Income from property held for charitable or religious purposes). The 31st of October is the due date for filing the ITR 6 for AY 2023-24. ITR 7 Form is meant for all Charitable /Religious...
Load the Json file on the Income Tax e-filing portal If you are an individual earning salaried income and have not done trading then you have select not audited under section 44AB. Tax audits are generally required for companies and individuals whose total sales, turnover, or gross receipts ...
For now, with this platform Processing started for ITR 1 and ITR 4. ITR-1 is also known as Sahaj Form and it is for people having income up to ₹ 50 Lakhs. TheITR 1 Sahaj form is a very simple one page form for individuals. ...
Condonation of Delay in Filing ITR Section 119(2)(b) Central Board of Direct Taxes has given the powers to income tax authorities to accept the income tax return for a financial year even after the expiry of due date of the same by using its powers as laid down under section 119(2)(...
E-filing is friendly, and there are detailed instructions that make it easy for even the least tech-savvy individuals to use. Fast processing Tax Returns (ITR) are acknowledged quickly. Additionally, refunds, if any, will take less time to process online than paper-based returns. ...
ll need to add all employment income and deduct all payroll taxes withheld by your employer(s) and pay the remaining tax due (if any).Since this is used by individuals who had two or more employers within a year, they are no longer qualified for substituted filing (substituted filing ...
Process of filing the ITR3 Important changes in the ITR 3 for the year 2021-22 What is ITR 3 Form? Individuals and HUFs with profits and gains from their businesses or professions are eligible to file ITR 3. The persons having income from the following sources are eligible to file ITR 3...