The top 10 frequently asked questions concerning filing income tax returns have been released by the income tax department to help clear up some of the confusion.
The due date for income tax return (ITR) filing for the financial year 2021-22 or assessment year 2022-23 is July 31, 2022.
ITR filing: Know about how gifts are taxed and when they are exempted from income tax
The centre has made it clear that there is no plan to extend the ITR filing date, while there is widespread request for an extention to the deadline.
Despite keeping the aggregate income within Rs 5 lakh and LTCG within Rs 1 lakh, you may still end up paying tax.
These significant changes in the income tax rules came into effect on July 1 this year
These significant changes in the income tax rules came into effect on July 1 this year
ITR Filing FY 2021-22 or AY 2022-23: A list of lesser-know income tax deductions that you can claim while filing income tax return for the assessment year 2022-23 or financial year 2021-22
Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up
The refund need comes when the tax amount deducted is higher than the actual tax liability. However, there is no need to worry as this excess deducted amount can be refunded.
© 2018 CA Chandan Agarwal. All rights reserved.