Results for: ITR Filing

The Indian Ministry of Finance announced that over 7.28 crore income tax returns (ITRs) were filed for the financial year 2023-24, marking a 7.5% increase from the previous year. Taxpayers are reminded to verify their unverified returns within 30 days of filing, while those who missed the deadline can still claim a refund for up to six assessment years under specific conditions. Expert Balwant Jain clarifies aspects of income tax refunds, including eligibility, processing time, potential for adjustments, and how to address any discrepancies.

July 31st is a busy day with several important events in India. Taxpayers have until today to file their Income Tax Returns, EPS-95 pensioners are protesting for a pension hike, the Congress is holding a Parliamentary Party meeting, and numerous companies are releasing their Q1 results.

House Rent Allowance (HRA) is a crucial element of your salary that can significantly reduce your tax liability. This guide delves into the intricacies of HRA, explaining its eligibility criteria, calculation methods, and the potential consequences of fraudulent claims. Learn how to claim HRA correctly and maximize your tax benefits.

Filing income tax returns (ITRs) can be a daunting task, but it doesn’t have to be. Here’s a step-by-step guide to help salaried individuals navigate the process smoothly: