Income Tax Return: The department has issued a big update for those filing income tax returns. The Income Tax Department said that taxpayers are facing difficulties in accessing the e-filing portal. At the same time, software company Infosys is taking proactive steps to deal with irregular movement on the portal. So that there will be…
ITR Filing: The last date for filing Income Tax Return (ITR) is approaching. Filing income tax return as early as possible can save you from many problems. There are many things to keep in mind while filing returns. For this you also need necessary documents. Under section 234A of the provisions of the Income Tax…
Tax Update: From July 1 this year, the new rule of TDS is being implemented. After this, you may have to pay more TDS. This year, Finance Minister Nirmala Sitharaman had made a provision to add a new section 194R in the Income Tax Act in the budget. Under this, if perks of Rs 20,000…
Refund: On the day all the work of the centralized processing center is completed on the income tax return, the tax is refunded within 20 to 45 days. This year, there are a large number of taxpayers who complain that it has been more than 4 months since they have filed their returns, but their tax…
One is required to file income tax return (ITR) if one’s income during a financial year exceeds the basic exemption limit set by the government. You also have to file an ITR if you have to claim the extra tax deducted at source (TDS), if any, or in case of deposit of excess tax. While…
