Tax

Feedback

Tax

Taxpayers need not run around to check ITR refund status.

Updated : Aug 10, 2023

Income Tax Refund Status: Here’s a step-by-step guide to check the status of your ITR refund

You don’t need to run around to check ITR refund status anymore; just visit the official income tax website

Detecting these undisclosed incomes was made possible through careful scrutiny of data, as most payments were made online, including some received from overseas accounts.

Updated : Aug 08, 2023

Filed ITR? Income tax department lens on income obtained through moonlighting

Over 1,100 notices were sent for income earned in financial years 2019-20 and 2020-21

While buying the critical illness rider, policyholders need to pay a certain amount apart from their term insurance premiums.

Updated : Aug 08, 2023

Does your term insurance cover coma and its aftermath?

It is important to have a critical illness rider that covers this situation

Among the total number of taxpayers filing ITR, 70% were male and 30% were female.

Updated : Aug 07, 2023

Old income tax regime with higher deductions remains more attractive for taxpayers than the new one

Per a report, a whopping 85 per cent of taxpayers chose to continue with the old regime

Taxpayers are eligible to get interest on the refund claimed in the Income-tax return.

Updated : Aug 05, 2023

Wondering why you haven't received interest on your Income Tax refund? Find out the reason

If a taxpayer has paid more taxes than their actual tax liability, they can claim the excess amount as a refund.

Calling the messages fake, PIB Fact Check said Income Tax department has not sent this message to anyone.

Updated : Aug 03, 2023

ITR refund status: Centre issues scam alert on fraudulent messages

The Income Tax department has said that taxpayers should not click on such fake messages or open any attachments.

From August 1, 2022, the income tax (I-T) department had mandated that taxpayers must verify their returns within 30 days from the date of filing to complete the process of return filing from the taxpayer’s end.

Updated : Aug 02, 2023

Filed ITR before July 31? Missing the verification deadline can cost you Rs 5,000

The deadline for verification has been reduced from 120 days to 30 days. If the ITR is not verified within this period, it will be assumed that the taxpayer has not filed the ITR

Updated : Aug 01, 2023

Record 6.77 crore ITRs filed for FY23 till July 31: Income Tax Dept

The total number of ITRs for AY 2023-24 filed till July 31, 2023 are 16.1% more than the total ITRs for AY 2022-23 (5.83 crore) filed till July 31, 2022, says I-T Dept

The belated ITR is an income-tax return filed after the prescribed due date for the original return, along with a late filing fee of Rs 5,000 (Rs 1,000 in case total taxable income is below Rs 5 lakh).

Updated : Aug 01, 2023

Income Tax Return: If you haven’t filed your ITR by July 31, don’t worry. Here’s how you can file a belated ITR

You can follow this step-by-step guide to file your ITR after the deadline

Updated : Jul 31, 2023

'Rs 5,000 fee to CA to file ITR is too much': Viral tweet leaves internet divided

While some X users said having a CA to file the ITR saves a 'lot of time and effort', others said ITR filing has been automated a lot in the recent years, which made CAs' work a lot less tedious

Section 115BBH was inserted in the Income Tax Act, 1961, outlining the taxation rules for income generated from the transfer of virtual digital assets (VDAs).

Updated : Jul 31, 2023

ITR Filing: How to calculate the cost of acquiring cryptocurrency for income tax?

Filing your taxes late can lead to penalties, depending on your total income.

Updated : Jul 31, 2023

Over 60 million ITRs already filed! You'll have to pay this penalty if you don’t file tax returns today

From late fee to issues with tax refunds, these are the consequences of filing returns after the deadline

Failure to file ITR by the due date may lead to the loss of certain tax benefits and exemptions, and it can also result in increased tax liability.

Updated : Jul 31, 2023

Last date to file ITR! All you need to know about tax filing, from the right ITR form to late fees

Seeking professional advice can help you maximise benefits while minimising risks

The Centre has clarified in recent weeks that it is not contemplating any extension of the due date

Updated : Jul 29, 2023

Will the I-T department extend the last date of ITR filing? Here's what we know so far

So far, over 5 crore tax returns have been filed for income earned in the 2022-23 fiscal, as per government data.

As per I-T rules, 50% of the employee's salary is eligible for HRA tax exemption if they live in any of the metro cities of India.

Updated : Jul 29, 2023

ITR filing 2023: My spouse and I shared rental income for FY 2022-23. Can we both claim tax exemption while filing ITR?

In this edition of Ask Money Today, find out how can you claim HRA exemption on rented accommodation.

14% taxpayers could miss ITR filling deadline due to heavy monsoon and floods: Survey

Updated : Jul 28, 2023

14% taxpayers could miss ITR filing deadline due to heavy monsoon and floods: Survey

Floods and related power outages on July 7, 8 at states across the country has been cited as top reason for being unable to file ITR by the July 31 deadline, shows LocalCircles survey

Investing in A-Grade commercial real estate comes with a suite of benefits.

Updated : Jul 28, 2023

Selling a commercial property? Here are 5 key tax implications you must consider

Unlike equity investments that fluctuate with market trends, commercial real estate investments typically guarantee a predictable return

To ease and speed up the whole process, taxpayers can take help of the co-browsing feature

Updated : Jul 28, 2023

ITR filing 2023: How can you use IT department's co-browsing feature for free ITR filing support

The free service is available for all, where help desk agents guide an income tax filer about how he/she can file his/her income tax return (ITR) form.

You must know if you choose to shift to the new tax regime, you will not be entitled to any deduction or exemption on your house rent allowance (HRA).

Updated : Jul 28, 2023

I could not submit rent receipts in time and have not claimed HRA through my employer. Can I claim it in ITR?

In this edition of Ask Money Today, find out how you claim HRA exemption

Further, it is important to note that it has now become incumbent for every resident taxpayer holding any asset (including financial interest) or having income from any source outside India, to make adequate disclosures

Updated : Jul 27, 2023

With tax filing being simplified, income tax authorities have become more vigilant; here are I-T notices to be aware of

With processes in place and to ensure that the taxable income has duly been filed and reported in the income tax returns by the taxpayers, the tax authorities have now become more vigilant and have been identifying significant transactions, scrutinising the same against the income tax returns filed. Here's how to decode I-T notices.

The HRA component of your salary may already be fully taxable, considering you don’t have any rental expenses to claim.

Updated : Jul 27, 2023

I live in my ancestral home that’s owned by my father. Can I pay him rent to claim HRA tax exemption?

In this edition of Ask Money Today, find out which tax filing regime allows you to claim HRA exemption and how you can go about doing that

Stock Analysis

LATEST NEWS

Income Tax Refund Status: Here’s a step-by-step guide to check the status of your ITR refund

Filed ITR? Income tax department lens on income obtained through moonlighting

Does your term insurance cover coma and its aftermath?

Old income tax regime with higher deductions remains more attractive for taxpayers than the new one

Wondering why you haven't received interest on your Income Tax refund? Find out the reason

ITR refund status: Centre issues scam alert on fraudulent messages

Filed ITR before July 31? Missing the verification deadline can cost you Rs 5,000

Record 6.77 crore ITRs filed for FY23 till July 31: Income Tax Dept

Income Tax Return: If you haven’t filed your ITR by July 31, don’t worry. Here’s how you can file a belated ITR

'Rs 5,000 fee to CA to file ITR is too much': Viral tweet leaves internet divided

ITR Filing: How to calculate the cost of acquiring cryptocurrency for income tax?

Over 60 million ITRs already filed! You'll have to pay this penalty if you don’t file tax returns today

Last date to file ITR! All you need to know about tax filing, from the right ITR form to late fees

Will the I-T department extend the last date of ITR filing? Here's what we know so far

ITR filing 2023: My spouse and I shared rental income for FY 2022-23. Can we both claim tax exemption while filing ITR?

14% taxpayers could miss ITR filing deadline due to heavy monsoon and floods: Survey

Selling a commercial property? Here are 5 key tax implications you must consider

ITR filing 2023: How can you use IT department's co-browsing feature for free ITR filing support

I could not submit rent receipts in time and have not claimed HRA through my employer. Can I claim it in ITR?

With tax filing being simplified, income tax authorities have become more vigilant; here are I-T notices to be aware of

I live in my ancestral home that’s owned by my father. Can I pay him rent to claim HRA tax exemption?

HOT STOCKS

TOP VIDEOS