# itrfiling
12 posts in `itrfiling` tag
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No More Errors: How to Use the New Online Tool for ITR Rectifications
Taxpayers can now easily fix errors in their Income Tax Returns (ITRs) thanks to the Income Tax Department of India's sophisticated online rectification facility, which was added to its e-filing system. This technology enhances transparency while offering error detection, smooth correction, and quicker refund processing. Discover its primary attributes, advantages, and how-tos for keeping correct tax records and remaining in compliance.
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By Krishna
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October 7, 2024, as the new deadline for income tax returns: Major advantages for taxpayers
The deadline for filing income tax returns for the assessment year 2024–25 has been extended by the Central Board of Direct Taxes (CBDT) to October 7, 2024. This blog discusses the rationale for the extension, who stands to gain from it, and how taxpayers should use the additional time to make timely and proper filings in order to avoid fines. It is recommended that people and businesses take early action to prevent last-minute issues.
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By Krishna
Correcting Mistakes: A Comprehensive Guide to Revised ITR Filing
Filing an Income Tax Return (ITR) can be a daunting task, and mistakes can occur. A revised ITR is a solution to rectify errors or omissions in the original return. This comprehensive guide covers revised ITR filing deadlines, common errors, procedures, and tips to help you navigate the process with ease.
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By Krishna
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Check Income Tax Refund Status Using PAN Card
This blog post walks you through the process of utilizing your PAN card to check the status of your income tax refund online. Discover how to keep track of the status of your refund and receive tax refund updates.
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By Krishna
Income Tax Department's Cautionary Notice: A Comprehensive Guide to Correct and Accurate ITR Filing
The Income Tax Department has issued a cautionary notice to taxpayers regarding the importance of correct and accurate ITR filing. This blog post explains the significance of accurate tax returns, the consequences of incorrect filing, and provides tips on how to ensure accurate ITR filing. Read on to understand the notice and its implications for taxpayers.
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By Krishna
Don't Get Audited! A Guide to Avoiding False Claims in Your ITR Filing
Filing your Income Tax Return (ITR) can be stressful, but making false claims can be even worse. This blog explores the importance of accurate ITR filing, the risks of misinformation, and offers valuable tips to ensure a smooth and compliant tax filing experience.
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By Krishna
File ITR for AY 2024-2025 to Claim TDS Refund and Save Big on Income Tax
Filing your Income Tax Return (ITR) for the Assessment Year (AY) 2024-2025 is essential for claiming TDS refunds and saving on income tax through various deductions and exemptions. This blog provides a step-by-step guide on the importance of filing ITR, the process involved, key deductions available, benefits of timely filing, and the consequences of non-compliance. Ensure you follow these steps to manage your tax liabilities efficiently and enjoy a hassle-free financial year.
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By Krishna
Beyond Form 16: Exploring Alternatives for Income Tax Return Filing
This blog post provides a detailed analysis of the alternatives to Form 16 for filing income tax returns. It explores the importance of Form 16, its components, and the alternatives that can be used in its absence.
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By Krishna
Guide to Filing Income Tax Return (ITR) for New Taxpayers in India
This blog post provides a comprehensive guide for first-time taxpayers in India, covering the basics of ITR filing, types of ITR forms, documents required, and a step-by-step guide to filing taxes online and offline.
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By Krishna
Have you received your Form-16? ITR Filing for FY 2023-24 (AY 2024-25) has started.
As the financial year 2023-24 concludes, it's time to file your Income Tax Return (ITR) for Assessment Year (AY) 2024-25. This blog post provides a comprehensive guide on using Form-16, a crucial TDS certificate issued by employers, to accurately and efficiently file your ITR. We cover everything from gathering necessary documents to verifying your return, along with common mistakes to avoid. Stay compliant and ensure a smooth tax filing process with our detailed instructions and tips. Start your ITR filing today
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By Krishna
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Lowering Your Tax Bill: Demystifying Deductions and Exemptions
Nobody likes paying taxes, but there are ways to legally lower your tax bill. One way to do this is by taking advantage of deductions and exemptions. In this blog, we will explain what these terms mean and how you can use them to lower your tax bill. We will also provide examples of common deductions and exemptions and explain how to claim them in your Income Tax Returns (ITR). By the end of this blog, you'll have a better understanding of how to take advantage of deductions and exemptions to lower your tax bill.
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By Krishna
Don't Miss Out! Key Dates and Deadlines for ITR Filing in FY 2024-2025
This blog post offers a concise overview of how to reduce your tax bill for the 2024-2025 financial year (FY) in India. It clarifies the difference between deductions and exemptions, highlighting popular options like Section 80C (investments) and Section 80D (health insurance). It also mentions other helpful sections and reminds readers to keep documentation organized. The synopsis emphasizes that strategic use of deductions and exemptions can save taxpayers money.
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By Krishna