ITR 5, ITR 6, and ITR 7, for different individuals, businesses, and companies. Now, while filing the ITR, the common question arises about which form the taxpayers need to use. ITR-1 and ITR-4 are ...

in turn, is relieved from the tedious job of maintenance of books of account,” says Dasari. ITR-5, ITR-6, and ITR-7 do not apply to individuals.

Form ITR-4 (Sugam), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V to describe their investments, CBDT said. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler Forms that cater to a large number ...

For other eligible incomes, the maximum limit is ₹50 lakh. ITR-5 is applicable for firms, association of persons (AOP), body of individuals (BOI), limited liability partnerships (LLP ...

Income tax return: As the tax filing season for the assessment ... According to recent statistics released by tax authorities, a total of 5,43,36,766 returns have been filed as of July 29, with ...

Self-assessment taxpayers filing a paper return have just two weeks remaining until the deadline of 31 October. But don't panic if you miss this cut-off date, as you'll still have until 31 January to ...

How does the IRS use mortgage information to reconstruct taxpayer income during investigations? Find out in this week's real ...

Here are the top 5 income tax rules that an earning individual must know irrespective of the fact that they are filing ITR or not: 1] For non-ITR filers: If aggregate cash withdrawal exceeds Rs 20 ...

Former President Donald Trump spoke at length to the Detroit Economic Club on Thursday, rolling out a bit of news on a ...

Foodtech major Zomato has started facilitating income tax return (ITR) filings by its delivery ... Under this, Zomato is asked to pay GST of INR 5,01,95,462 ( INR 5.01 Cr), which will be marked ...

In the case of Vijay Jewellers Vs ACIT, the Income Tax Appellate Tribunal (ITAT) Mumbai dealt with penalties imposed under Section 271(1)(c) of the Income Tax Act for alleged bogus purchases. The ...

In response to the notice issued under section 148 of the Income Tax Act on March 22, 2021, Bharvad submitted his ITR on March 10, 2022, along with the e-filing acknowledgment. Despite this, the ...