Published By: Nibandh Vinod Last Updated: July 23, 2023, 17:00 IST Income Tax Day is celebrated by a number of outreach programmes and events designed to promote tax payments. (Image: Shutterstock) Sir James Wilson implemented Income Tax in India on July 24, 1860. Check out history, significance and how to celebrate Income Tax Day 2023. …
Image Source : FILE PHOTO Representational picture for ITR Filling Every individual in the country must file their income tax returns (ITR) after each financial year. The deadline for filing ITR for Financial Year 2022–23 (FY 2023–24) is July 31, 2023, for individuals who do not require a tax audit. Making a wrong entry or …
Image Source : PTI/FILE PHOTO 10 ITR filing mistakes to avoid The time has come to file your income tax returns. The Department of Income Tax has made various ITR forms available online, such as ITR-1, ITR-2, and ITR-4, with pre-filled data. Salaried employees will also receive their Form 16, an important document required for …
Image Source : PIXABAY (REPRESENTATIONAL IMAGE) Income Tax Return The finance ministry is not considering an extension of the July 31 deadline for filing income tax returns. Revenue Secretary Sanjay Malhotra is urging taxpayers to file their returns as soon as possible. He also mentioned that the government is expecting a higher number of filings …
Image Source : FILE PHOTO Representational picture of ITR Form 16 simplifies the process of filing Income Tax Returns (ITR) for salaried employees. It provides details about their income and tax deductions made by their employer in the financial year. However, tax professionals argue that it is possible to file an ITR without completing Form …