Sources in the revenue department say that the Income Tax Department has identified a noticeable number of persons who have deliberately chosen to ignore the notices calling for enquiry and verification of the tax returns

Budget 2020: If pre-filled ITR forms will help the majority of taxpayers as well as professionals, but in order to use this option, certain precautions need to be taken

Union Budget 2020: Steps have been taken in this regard, with ITR forms released in April 2019 already having some information pre-filled such as bank account number, bank interest and salary details with standard deduction etc

Income tax returns: There are plenty of changes in the ITR forms this year; here is the low-down on how to file your income tax returns correctly and in a hassle-free manner

ITR filing last date: Late filers will be required to pay a penalty if taxes are filed after August 31.

The Income Tax department launched 'e-filing Lite', a lighter version of online ITR filing facility, on Thursday to facilitate the easy and quick filing of returns by taxpayers

Income Tax deadline extended: Initially, the last date was July 31. The July 31 deadline was set for most individuals and HUFs.

All individual taxpayers are now required to file ITR electronically; only super senior citizens and assessees with annual income of under Rs 5 lakh, who are not seeking a refund, can choose to do so in paper format

ITR filing: Individual taxpayers are now required to file income tax returns electronically with an exception of super senior citizens who can file it in paper form

Various measures announced in Budget 2019 will come into play when you file your income tax return this year. Here's a handy guide to doing it right.

Union Budget 2019: Centred around the growth of the Indian economy and investment-led growth, Sitharaman's Budget speech also talked about tax simplification, start-ups and electric mobility in India.

Union Budget 2019: The Centre also proposes to make return filing compulsory for people who have deposited more than Rs 1 crore in a current account in a year

Apart from making \"pre-filled tax returns\" available to taxpayers, which will contain details such as salary income, capital gains from securities, bank interests, tax deductions, dividends and the like, Sitharaman proposes to simplify tax laws and enable interchangeability of Aadhaar and PAN Card

ITR filing: The software will use the taxpayer's PAN details from Form 26AS, the TDS return filed by the employer and the previous year's ITR.

The recent government sanction to create the advanced Centralised Processing Centre 2.0 in the I-T Department is a precursor to such futuristic proposals, CBDT Chairman Sushil Chandra said.

In India, financial year runs from 1st April to 31st March of next year. Hence, you need to prioritise your financial obligations until the due date arrives.

Recently, the Companies Act has been amended to align its provisions in line with Start-up India initiative. These amendments include a simplified integrated process for incorporation of a company.