Page 4 - Itr Forms News Today

Here is the step-by-step guide to check your income tax refund status and, all you need to know about income tax refund.

Although ITR might be filed after the deadline, it could attract late fines.

The ITR forms are broadly classified into 6 categories and are chosen basis the nature of income and category of taxpayer

New income tax forms: Largely all the ITR forms have been kept unchanged from the last year, except for a few small changes

The Income Tax department has notified forms for filing I-T returns for 2021-22 fiscal, which also seek details of income from overseas retirement benefit accounts from taxpayers.

Around six crore income tax returns have been filed on the new e-filing portal in eight months since its launch on June 7, 2021

Income tax return forms from next year will have a separate column for making disclosures on gains made from cryptocurrencies and paying taxes

With the December 31 deadline for filing the Income Tax Return nearing, scores of taxpayers complained of technical problems with the ITR portal.

Synopsis ITR-1 has to be filed by individuals whose total income does not exceed Rs 50 lakh in a financial year. The income sources for ITR 1 include income from salaries, one house property, other sources such as interest income etc. and agriculture income up to Rs 5,000. Getty Images The ITR-2 also asks for the DIN number if the ITR-2 is filed in the response to any tax notice from the tax department. The government has notified the income tax return filing forms for the financial year 2020-2...

Central Board of Direct Taxes Chairman P.C. Mody. File   The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct Taxes said on Thursday. "Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change has been made to the ITR Forms in comparison to the last years ITR Forms. "Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made," the C...