ITR – Bhartiyanews24x7

31Jul

By source belowNo Comments

Culture

Video | Income Tax Return भरने का आज आखिरी दिन, नहीम भरा तो लगेगा जुर्माना

Income Tax Return भरने के लिए आज 31 जुलाई को आखिरी दिन है. ITR नहीं भरने वालों को 1 अगस्त से जुर्माना भरना होगा. वहीं आज राज 12 बजे तक टैक्स पेयर्स के लिए अपना टैक्स रिजीम बदलने का भी मौका होगा. अगर आज ऐसा करने में कोई चूक जाता है तो फिर ऐसे में क्या नियम होंगे जानें इस वीडियो में Source link

Form 16 for ITR filing: Top points to check in Form 16 before filing your income tax return for FY 2023-24 – Times of India

Income Tax Return Filing FY 2023-24: By this time, most salaried employees should have received Form 16, the TDS certificate, from their employers. According to income tax regulations, employers are required to provide Form 16 to their employees by June 15. This document is crucial for salaried individuals when filing their income tax return (ITR).According to an ET report, Form 16 serves as a comprehensive record of an employee's total salary income earned during the previous financial year and the total tax deducted from their salary.The information contained in this TDS certificate is essential for easily filing ITR, making it important to ensure its accuracy. The income tax department currently offers pre-filled ITR forms online on the e-filing website incometaxindia.gov.in, which allo...

What If You Don’t File Income Tax Return? Understanding The Financial And Legal Repercussions

ITR Filing: A significant number of individuals either miss the deadline for filing their income tax returns (ITRs) or neglect to file them entirely, often due to a lack of awareness or sheer lethargy. One common misconception is that employees who have had tax deducted at source (TDS) by their employers, and received Form 16, believe they have no additional tax responsibilities. They mistakenly equate paying TDS with filing a tax return, which is not the case. Individuals with lower incomes frequently assume they are exempt from filing returns. However, there are additional criteria beyond income levels that necessitate filing an ITR. Missing the filing deadline can lead to undesirable consequences. Understanding these requirements can help avoid potential penalties. What if you fail to c...