Sponsored
    Follow Us:

ITR

Latest Articles


Missed ITR Filing Deadline: Implications and Next Steps

Income Tax : Missed the ITR filing deadline? Learn the penalties, interest charges, and restrictions. Understand the consequences and how to fi...

August 3, 2024 5877 Views 0 comment Print

ITR Filing 2024: Why Taxpayers Demand July 31 Deadline Extension?

Income Tax : Discover why taxpayers are urging for an extension of July 31 ITR filing deadline in 2024. Learn about ITR forms, filing steps, co...

July 23, 2024 5322 Views 0 comment Print

Who Should File ITR even when Income is Below Tax Exemption Limit?

Income Tax : Discover who must file an ITR even with income below the exemption limit. Understand key scenarios and benefits to stay compliant ...

July 15, 2024 2403 Views 0 comment Print

Suggestions for Hassle-Free ITR filing

Income Tax : Discover hassle-free tips for filing your Income Tax Return (ITR) before the July 31, 2024 deadline. Learn about necessary documen...

July 12, 2024 1242 Views 0 comment Print

Benefits of filing the Return of Income

Income Tax : Discover the benefits of filing Income Tax Returns (ITR), including compliance with tax laws, improving credit score, visa applica...

July 12, 2024 1071 Views 0 comment Print


Latest News


FAQs on PFA & Defective for ITR 1 to 6 for AY 24-25

Income Tax : Understand PFA and defective return queries for ITR 1-6 for AY 24-25, including MAT applicability, TDS/TCS claims, and income disc...

August 10, 2024 3018 Views 0 comment Print

Record 7.28 crore ITRs filed for AY 2024-25 till 31st July, 2024

Corporate Law : A record 7.28 crore ITRs filed for AY 2024-25, with 5.27 crore in the New Tax Regime. Over 69.92 lakh ITRs were filed on 31st July...

August 2, 2024 582 Views 0 comment Print

Budget 2024 amends penalty for Undisclosed Foreign Income & Assets in ITR

Income Tax : New amendments to the Black Money Act from October 2024 raise the exemption threshold for penalties on foreign assets to ₹20 lak...

July 25, 2024 651 Views 0 comment Print

ICAI raises Concerns in relation to Form 26AS/TIS/AIS and in e-filing ITR Forms

Income Tax : ICAI addresses issues with Form 26AS/TIS/AIS and ITR filing glitches, urging CBDT for timely resolution to aid taxpayers in meetin...

July 13, 2024 14682 Views 7 comments Print

File ITR-4 (Sugam) Online for AY 2024-25 FAQs

Income Tax : Discover comprehensive FAQs on filing ITR-4 (Sugam) for AY 2024-25. Learn eligibility criteria, tax regime options, documents need...

July 8, 2024 1494 Views 0 comment Print


Latest Judiciary


TCS not applicable on liquor vendors who bought vending rights on auction: Supreme Court

Income Tax : Supreme Court held that Section 206C of the Income Tax Act is not applicable in respect of Mysore Sales and that the liquor vendor...

July 26, 2024 240 Views 0 comment Print

Set off of loss on sale of recognised shares against LTCG from sale of unlisted shares allowable: ITAT Kolkata

Income Tax : ITAT Kolkata held that loss on sale of shares on recognized stock exchange with STT paid, is eligible to be set off against the lo...

July 24, 2024 312 Views 0 comment Print

Section 153A: No Additions Without Incriminating Material for Completed Assessments

Income Tax : Delhi High Court dismisses Income Tax Department's appeal in PCIT Vs Satya Prakash Gupta case, finding no evidence of commission r...

July 16, 2024 351 Views 0 comment Print

Delhi HC Denies Tax Exemption to Trust Charging Capitation Fee

Income Tax : Explore the Delhi High Court's judgment on ITSC's conclusive nature for AY, assessing reassessment under Section 148 of the Income...

July 9, 2024 210 Views 0 comment Print

HC Orders Maintenance for Minor Son Despite Father’s Unemployment Claim

Corporate Law : The Punjab & Haryana High Court orders a father to pay maintenance for his minor son despite his claim of unemployment, considerin...

July 4, 2024 426 Views 0 comment Print


Latest Notifications


Functionality for Verification of High Risk Refund Cases for TDS charge officers

Income Tax : Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and f...

April 2, 2024 696 Views 0 comment Print

Time limit for verification of return of income after uploading

Income Tax : Understand the time limit for income tax return verification after uploading. Learn the implications of late verification and the ...

March 31, 2024 10302 Views 0 comment Print

Changes in ITR form V and Acknowledgement for A.Y 2024 25

Income Tax : Explore amendments in ITR form V & Acknowledgement for A.Y 2024-25 as per Income Tax Act, 1961 & Rules, 1962. Understand filing pr...

March 27, 2024 17166 Views 0 comment Print

Instructions to AO’s for initiating section 147 proceedings in I.T. e-Verification cases

Income Tax : Learn how to initiate proceedings under section 147 of the IT Act in e-Verification cases. Detailed instructions for Assessing Off...

March 19, 2024 8745 Views 0 comment Print

CBDT notifies ITR-7 under section 139 of Income tax Act 1961 for AY 2024-25

Income Tax : CBDT notifies ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 13...

March 1, 2024 4272 Views 0 comment Print


Tax Audit / Income tax due date extension order is FAKE : CBDT

September 28, 2015 19765 Views 0 comment Print

It has been brought to the notice of the Government that a fake order dated 26th September 2015 supposedly under section 119 of the Income-tax Act 1961 under the signature of one Upmanyu Reddy, Under Secretary to the Government of India is in circulation. The fake order extends the due date for filing of audit report under section 119 of the Income-tax Act to 15 October 2015.

Tax Audit Date Extended?- Fake Order doing rounds

September 28, 2015 21881 Views 0 comment Print

10 Reasons, why you cannot rely on order dated 26.09.2015 which says that due date for Income Tax Return been extended to 15th October 2015.1. We confirmed with CBDT officials and they denied issue of any such Notifications. 2. We checked the official Websites of Income Tax, Government of India and Finance ministry and have not found any such notification, Order or announcement.

Writ in Karnataka HC for Extension of TAR/ITR Due Date by CA C. R. Dhavalagi

September 28, 2015 8886 Views 0 comment Print

Chandramappa Ramanna Dhavalagi Vs Union of India (Karnataka High court , Dharwad ), W.P No. 110253/2015, Date of Filing- 21.09.2015. HC disposes the petition and directed CBDT to consider the representation submitted by ICAI for extension of due date upto 31.10.2015 by tomorrow 30.09.2015 and report to court. The case is argued by Advocate Prakash Andanimath and Ajit Parvatikar.

Writ in Calcutta High Court for Extension of TAR/ITR Due Date

September 28, 2015 2363 Views 0 comment Print

V. K. Tulsyan & Co. Vs UOI (Calcutta High Court), WP No.1187 of 2015, Date of Filing- 24.09.2015 Hearing could not take place due to demise of a Senior Advocate of Calcutta High Court. Matter is been fixed for hearing on 01.10.2015 but petitioner will try to get an hearing on 30.09.2015.

ICAI presidents ask members to put extra efforts to meet ITR/TAR deadline

September 27, 2015 2270 Views 0 comment Print

On account of extraneous factors a number of our members are finding challenges in filing returns of income and the tax audit reports in time. I would request you to put in little extra effort to meet the present due date which is quite near. I am sure you would be able to meet the deadline.

Issue of Extension of Time For Filling Tax Audit Reports & ITR

September 26, 2015 6856 Views 0 comment Print

There has been much controversy over the above issue. Much complications have taken place in comparison to earlier years in respect of filling of Audit Reports and as well as Income Tax Return. Some years ago, in the tax audit cases, the due date for filling was October which was reduced to September. Tax- payers are complying to the requirements introduced every year otherwise they are forced to pay penalties.

Department still amending ITR Schema & Validation Rules but no extension

September 25, 2015 12239 Views 34 comments Print

In this article we have compiled the details of release of Schema of ITR Forms for AY 2015-16 , Schema of Forms (Other than ITR), Schema of Form BB (Return of Net Wealth) for AY 2015-16 and ITR Validation Rules for AY 2015-16 from the details we can make out that department has updated the […]

Highlights of Income Tax E-filing till 31st August 2015

September 25, 2015 2550 Views 0 comment Print

Highlights of e-Filing No of Registered Users as on 31/08/2015- 46926524 Peak rate of receipt of returns per day : (31/08/2015)- 1417227 Peak rate of receipt of returns per hour : (31/08/2015)- 150293 Peak rate of receipt of returns per minute: (31/08/2015)- 3475 Percentage of returns received outside office hours- 52.613% Percentage of returns filed […]

Writ in Hyderabad High Court for Extension of TAR/ITR Due Date

September 24, 2015 11584 Views 0 comment Print

This Writ is been filed by V. Nagendra Prasad an advocate and Tax Consultant from Hyderabad in Hyderabad High Court against the adamant attitude of CBDT and Finance Ministry in not extending the due of of Income Tax Return and Tax Audit cases , which is also been communicated vide its Press Release Dated 09th September 2015.

Delhi HC directs CBDT to issue Income Tax Return forms on time

September 24, 2015 10559 Views 0 comment Print

In a Historic/Landmark Judgment Delhi High Court in the case Avinash Gupta Vs. UOI has although not allowed extension of due date for filing ITR for AY 2015-16 but instructed the Govt. to ensure availability of forms for tax audit from the beginning of next assessment year.

Sponsored
Sponsored
Search Post by Date
August 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031