INCOME TAX PORTAL UPDATE- ITR B
INCOME TAX PORTAL UPDATE- ITR-B Taxpayers who’ve received a notice under Section 158BC (block assessment after search) can now file Form ITR-B online via the e-Proceeding tab on the Income Tax portal. ITR-B is a…
Can you claim the new tax regime benefit while filing belated income tax returns?
If you planned your taxes according to the new tax regime but missed filing your income tax returns (ITR) before the July 31, 2022 deadline, then there is some bad news. As per current income…
Reduction of time limit for verification of Income Tax Return (ITR)
CBDT vide Notification No. 05/2022 dated 29.07.2022 has reduced the time limit for verification of Income Tax Return (ITR) from 120 days to 30 days. This Notification shall be applicable for electronically transmitted Income-tax return…
ITR U enabled on Income Tax Portal
The government introduced the concept of updated return in income tax in the Union Budget 2022. ITR-U is the new form and taxpayers can use it to file updated income tax returns for the financial…
ITR 5 available for download- Income Tax
As per update on Income Tax efiling website, now ITR-5 is also available for download. ITR5 is also now available for efiling. Excel offline Utility for preparing and filing ITR 5 is released. Please click Downloads…
Offline utility for ITR 1, ITR 4 for AY 2022-23 released
The Central Board of Direct Taxes (CBDT) has notified the income tax return (ITR) forms for FY 2021-22 on 01.04.2022. Now as per the latest News on 12.04.2022 on Income Tax Website, It has been…