Wednesday, July 3, 2024

Return processing status in ITR: How much time it takes for Income Tax Department to process ITR

Processing of ITR: The income tax return (ITR) filing deadline for for the financial year 2023-24 (assessment year 2023-24) is July 31, 2024. It's crucial to file the ITR by the specified deadline to avoid penalties and late fees. Additionally, it's important to ensure that the Income Tax Department promptly processes the filed ITR.

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Tuesday, July 2, 2024

ITR filing for FY2023-24: Latest full list of authorised banks for tax payments available at e-Pay Tax service

Taxpayers are offered wide range of modes for payment, including Net Banking, Debit card, Pay at Bank Counter. List of banks for tax payments available at e-Pay Tax service, as per the Income Tax Department’s website:

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How to claim income tax refund online when filing ITR for FY 2023-24

How to claim income tax refund online: You may be eligible for a tax refund if you have paid more taxes than you owe. You can claim the refund when filing your income tax return (ITR) by the deadline of July 31, 2024 for FY 2023-24 (AY 2024-25).

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Monday, July 1, 2024

How to file ITR-1 with salary, income from house property and other sources for FY 2023-24 (AY 2024-25)

File ITR-1 online: Here is a step by step guide on how salaried individuals can file their income tax return using ITR-1 form easily on the income tax department's e-filing website. ITR-1 form is also known as Sahaj. Individuals having income from salary, house property, interest and dividend incomes can use ITR-1 to file income tax return.

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Income tax refund: How to raise refund reissue request; a step-by-step guide

Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form electronically. The refund is typically credited to the taxpayer's account in four to five weeks. If your refund has failed, you have to submit a “Refund Reissue Request” as applicable.

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