Why do ‘defective return’ notices appear? Most individuals filing their Income Tax Return (ITR) have already received their refunds. However, some are receiving ‘defective return’ notices. But why do these notices come? And what should you do if this happens? Let’s find out now. The tax department issues these notices when discrepancies are noticed between … Read more
What to Do When You Receive a Tax Notice from the IT Department After Filing ITR and How to Reply to 143(1) Notice? Reply like this. When you file your Income Tax Return (ITR), the process does not end there. The Income Tax Department begins processing the filed ITR; some individuals may receive a notice … Read more
Filing your income tax returns (ITR) is an essential responsibility for every individual who earns. The ITR form records your annual income and must be submitted to the Income Tax Department to ensure compliance with tax laws. Here’s a comprehensive guide on how to file your ITR for the Assessment Year (AY) 2024-25. Important Dates … Read more
ITR Refund: Many refund claims have been delayed due to lacking a Pan-Aadhaar link. The department is currently verifying these refund claims. When such delays occur, it is natural to wonder what should be done. Let’s find out what steps can be taken in this situation. If you haven’t received your tax refund after filing … Read more
ITR Refund Status Check at incometax.gov.in. If you’ve filed your Income Tax Return and are eagerly awaiting your refund, knowing how to check its status is essential. Understanding the status of your tax refund can provide clarity and peace of mind regarding your financial situation. Income Tax season can be stressful, but there’s a silver … Read more
Avoid common mistakes while filing your ITR. Know how to choose the right ITR form, reconcile Form 26AS, report all income, and more. Get expert tips and tricks ensure a smooth ITR filing experience. File your Income Tax Return accurately and on time to avoid penalties. Filing your income tax return (ITR) can be a … Read more
File Your ITR without Form 16? Yes, it’s possible. Know how to file it using payslips, bank statements & Form 26AS. Many people have questions about filing tax returns, especially whether it’s possible without Form 16. Here’s a guide for filing your ITR for FY 2023-24 (Assessment Year 2024-25). What is Form 16 and Why … Read more
Know about the benefits of filing a nil ITR in India, who should file it, why sould file it and how to file it. Understand the tax implications and exemptions. A Nil Income Tax Return, or Nil ITR, is simply a way to tell the Income Tax Department that you earned less than the limit … Read more
With the onset of online income tax return (ITR) filing, understanding Form 16 becomes crucial. Form 16, a vital document for salaried employees’ ITR filing, serves as their TDS certificate issued by the employer. It encompasses detailed salary and tax deduction information, aiding in accurate tax filings. While not mandatory, waiting for Form 16 is … Read more
Learn about the Income Tax Department AIS system and how it simplifies filing your Income Tax Return (ITR) with pre-filled data, reducing errors and saving time. Filing your Income Tax Return (ITR) can be hard and confusing with all the forms and numbers. The Income Tax Department has a new tool called the Annual Information … Read more