Reduction of time limit for verification of Income Tax Return (ITR) Notification No. 05 of 2022 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDirectorate of Systems New Delhi, dated : 29.07.2022 Subject: Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the … [Read more...] about Reduction of time limit for verification of Income Tax Return (ITR) from 120 days to 30 days of transmitting the data of ITR electronically
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Income Tax Return
CBDT: Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days
Ministry of Finance CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days 22 JAN 2019 The Non-filers Monitoring System (NMS) aims to identify and monitor persons who enter into high … [Read more...] about CBDT: Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days
Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
A simple one- page Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income. "Finance Minister Shri Jaitley said that the present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly. Therefore, post-demonetisation, there is a legitimate expectation of … [Read more...] about Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
Finance Minister Jaitley to meet officials again to keep Income Tax Return forms simple
FM Jaitley to meet officials again to keep Income Tax Return forms simple New Delhi: Facing criticism over the new Income Tax Return (ITR) forms that seek details on bank accounts and foreign trips, Finance Minister Arun Jaitley will hold another round of meeting with officials to simplify the procedure. Soon after his trip from Washington yesterday, Jaitley had … [Read more...] about Finance Minister Jaitley to meet officials again to keep Income Tax Return forms simple
Exemption from filing of Income Tax Return: FAQ
Exemption from filing of Income Tax Return: FAQ Now it is the time to study the terms of exemption from requirement of filing of return as the last date of filing of Income Tax return is 31st July. Here are some frequently asked question to help you eligibility for such exemption: Frequently Asked Questions (FAQs) on EXEMPTION FROM FILING OF INCOME TAX RETURN Que1. What … [Read more...] about Exemption from filing of Income Tax Return: FAQ
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