ITR filing: Income Tax dept now allows you to lodge rectification requests online for incorrect ITR processing

ITR filing: Income Tax dept now allows you to lodge rectification requests online for incorrect ITR processing

The Income Tax Department has introduced a new feature on its e-filing portal that allows taxpayers to submit rectification requests online, even if their Income Tax Returns (ITRs) are currently being reviewed by the Assessing Officer (AO). This enhancement streamlines the process of error correction and eliminates the need for manual submissions.  Taxpayers should be … Read more

ITR filing: 5 crore ITRs filed till July 26 despite e-filing snags, website downtime

ITR filing: 5 crore ITRs filed till July 26 despite e-filing snags, website downtime

ITR filing: The Income Tax department has informed that more than 5 crore ITRs had been filed by July 26, 2024, which is more than 8.5% more than the last year. It is to be noted that the last date to file your income tax returns “We express our gratitude to the taxpayers & tax professionals … Read more

Tax Calendar 2024: Crucial income tax-related target dates in January, February and March

Tax Calendar 2024: Crucial income tax-related target dates in January, February and March

Income Tax Calendar 2024: The new year has started and the Income Tax department has already shared the tax calendar for this year. It is crucial to note the income tax-related deadlines to avoid paying fines and penalties. Usually, the last date to file the Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) without … Read more