Generally, the central processing centre sends an email to the taxpayer if ITR is not received within a month of e-filing, says Vineet Agarwal, director, KPMG India. The electronic communications from CPC are sent to the email id mentioned in the income tax return (ITR). What should you ...
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.
The income tax return (ITR) filing due date is a deadline that all taxpayers in India must adhere to. However, it’s not uncommon for individuals to miss this important deadline. Whether it’s due to a busy schedule, unexpected circumstances, or simply a lack of awareness, missing the I...
Not E-verifying the Return:After filing your ITR, it must be verified electronically within the prescribed time limit. An unverified return is treated as if it has not been filed at all. Filing After the Deadline:Late submissions can incur penalties and fines. It's important to file your ...
Is it mandatory to everify my original itr before filing revised itr or i can file revised itr without everification - Income Tax
However a defective return notice was received for non filing of Balance Sheet and Profit and Loss A/c. I do not wish to furnish my books of accounts as there are no other income or expenses. Options: 1. Can I revise/change the ITR form from ITR 4 to ITR 1 and treat the income ...
(FIAU) who undertakes such task of receiving, analyzing, and disseminating the financial data. The information received under Exchange of Information network is reconciled with the data filled in the FA Schedule of the ITR and proceedings under Black Mon...
Previously filed return, if an amended return is filed for the same quarter. Do I need to have a COR before I can use Taxumo? Taxumo does not require you to upload your COR.This means you can already start filing even without your COR on hand. ...
Am I required to file an income tax return? You are required to file an income tax return once your annual income exceeds Rs 2.5 lakh. A deduction of TDS does not replace the requirement to file ITR. While e-filing your ITR, you should furnish the details of your annual income, ...
The new Income Tax Return (ITR) Forms ITR–1, ITR-2, ITR-4S have been notified for AY 2015-16. We have highlighted the changes in these forms from last year. Contents[hide] 1Common Changes: 2ITR-1 (Sahaj): 3ITR-2: 4ITR-4S (Sugam): ...