Government of India Ministry of Finance Department of Revenue 10th December, 2015 Subject: New facility of pre-filling TDS data while submitting online rectification -reg. Central Board of Direct Taxes has simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return. Taxpayers were required to fill in complete details … Read more
It has been the constant endeavor of the Income-tax Department to make compliance simpler for the taxpayer through the use of technology. E-filing of returns, refund banker scheme and the newly introduced e-verification of Income-tax returns for the Assessment year 2015-16 are some of the key initiatives undertaken by the Department for making filing of … Read more
In the 125 corer population of India, income tax return filers are only 3.42 corer. It means only 2.74% people files the income tax return. We can say 97.26% peoples depend upon 2.74% peoples of the country. Income Range of the taxpayers in India Now let’s study the income analysis of the taxpayers. Income Range … Read more
The due date for filing income tax return is 31st July (for individual & HUF to whom tax audit is not applicable). However, some taxpayers failed to file Income tax return before the due date, now they can file belated return. But tax-payers can file belated returns for two financial years at a time. As per … Read more