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Today is the last day to file income tax return for FY 2022-23 (AY 2023-24). If you still have not filed it, then you should it do as soon as possible to avoid penalty of up to Rs 5,000. Here is a step by step guide on how you can file it. ....
Many individuals having investments in foreign shares, or having bank account in foreign country are required to report their foreign assets and incomes in their income tax return form. However, many people are struggling to report these incomes in their tax return form. Here is a step by step guide to report foreign incomes in ITR form. ....
The Standing Committee on Finance, chaired by BJP MP Jayant Sinha, had earlier flagged difficulties being faced by people in filing Income Tax returns and urged the tax department to make the process simpler and more taxpayer friendly. ....
Many individuals having investments in foreign shares, or having bank account in foreign country are required to report their foreign assets and incomes in their income tax return form. However, many people are struggling to report these incomes in their tax return form. Here is a step by step guide to report foreign incomes in ITR form. ....
The government has notified the income tax return forms for FY 2022-23 in February 2023. The income tax department is gradually releasing the ITR forms on the e-filing income tax website. An individual must ensure that ITR is filed on or before the deadline of July 31, 2023. If the income tax return is filed after the deadline, then it will be termed as a belated ITR. ....