Results for: Tax returns

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.

As the July 31st deadline for filing Income Tax Returns approaches, several financial institutions are implementing changes to their credit card policies, wallet services, and other offerings. This article highlights key deadlines and changes impacting SBI Card, ICICI Bank, Paytm Payments Bank, PNB, and Citibank.

The tax and residency implications for Indian employees working remotely abroad are explained. Factors affecting residency status, tax liability, and filing requirements are discussed. Additionally, the tax implications of joint SIP investments with NRI spouses are explored.