The last date of filing income tax return (ITR) for the financial year 2021-22 is July 31, 2022. Missing this deadline can cost you even if you don't have any taxes to pay. Till FY 2019-20 if a taxpayer missed the ITR filing deadline, the maximum penalty he/she would have had to pay was Rs 10, 000....ReadMore

While several people are hoping the deadline would be extended, Bajaj pointed to last year when the government refused to extend the deadline for filing returns for individuals beyond the December 31 deadline. The government had eased the date last year in the wake of the second wave of Covid, which had affected individuals and businesses during the April-July quarter. ....ReadMore

Revenue secretary Tarun Bajaj has been seeking to ensure better compliance across tax payments and tells that the move to include packed and unbranded food items followed feedback from states and industry that the earlier regime was leading to leakage....ReadMore

This is to notify that the CMA Syllabus 2022 shall be effective from 1stAugust, 2022 and onwards (June 2023 term of Examinations and onwards). Hence, the admission/ registration/ enrollment in Foundation/ Intermediate/ Final Course under Syllabus 2016 shall be closed on 31st July, 2022 ....ReadMore

Due date to file ITR (AY 2022-23) for salaried taxpayers and non-auditable cases is July 31, 2022. So far, more than 2 crore income tax returns (ITRs) for the AY 2022–23 have been submitted via the income tax e-filing system, as per an Income Tax Department tweet ....ReadMore

The last date for linking the Permanent Account Number (PAN) with Aadhaar is June 30 - today, and the failure to do so will result in a double penalty of ₹1,000 from July 1 onwards. The Centre already extended the deadline till March 31 earlier, after which, the Central Board of Direct Taxes had notified that those who link PAN and Aadhaar after March 31 and by June 30, 2022, will have to pay a penalty fee of ₹500.According to the Centre, one can do the linking process online after 4-5 days of paying the late fee....ReadMore