Missed filing of taxes deadline? Here’s what you must know

Missed filing of taxes deadline? Here’s what you must know

If you have missed your tax filing deadline, there is not much to fret if your tax dues are fully paid, says Anil Rego Rajesh Ashar still cannot believe how he could have been so careless to have missed the filing deadline of taxes. In his 14 years of tax filing, this was the first occasion when he had missed on his tax filing deadline. The government had extended the tax filing deadline by a full month from July 31 to August 5. But the last 15 days before the…

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ATM to e-verify your income tax return. Did you know?

ATM to e-verify your income tax return. Did you know?

Every year, when the last date for filing IT returns approaches, income tax assesses crowd tax-filing kiosks and the income tax department’s website. To help the income tax payers the banks have started to provide ATM machines as an alternative. The usual last date is 31 July. During the assessment year (AY) 2015-16, more than 1.4 million returns were filed on 31 August (8% of all the returns filed till then). That year the deadline was extended by a month to 31 August and then again to 7 September. Similarly,…

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Filing Income Tax returns online for FREE? Danger ahead!

Filing Income Tax returns online for FREE? Danger ahead!

The perils mentioned here may seem few in number, but each of it encompasses an entire set of dangers posed by the free online Income tax returns filing offers. July 31 is fast approaching and there is a rush to file income tax returns. With the advent of online filing of income tax returns, many websites and organisations have mushroomed with the intent of helping people file their tax returns online for free.   In the case of delivering the service of filing income tax returns online in lieu of…

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E-filing your returns: Here’s a quick guide as the July 31 Income-Tax filing deadline nears

E-filing your returns: Here’s a quick guide as the July 31 Income-Tax filing deadline nears

Get setup quickly and easily for E-filing of Income Taxes Anyone earning Rs 5 lakhs or above can log onto http://incometaxindiaefiling.gov.in/ and create an account using their PAN number. Once this is done, the person has to login to his or her account to proceed to file for tax returns. It is best to read the instructions provided before filling up the forms and filing for tax returns. Step 1: The first step is to choose the correct income tax return (ITR) form. It is ITR-1 for all salaried individuals….

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