In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
Finance Minister Nirmala Sitharaman on Tuesday reviewed with Infosys officials the technical glitches that continue to mar the new income tax e-filing portal. Sitharaman, along with Minister of State for Finance Anurag Thakur, revenue secretary Tarun Bajaj, CBDT chairman Jagannath Mohapatra and other senior ministry officials, went point by point on the issues facing the new portal with officials of Infosys - the vendor which developed the site. While there was no official word on what transpired at the meeting, a statement issued by the Institute of Chartered Accountants of India (ICAI) said "the technical glitches shall be addressed fast". ICAI representatives attended the meeting on Tuesday.
The Finance Ministry is likely to exempt assesses from sharing details of company sponsored foreign trips in the revised Income Tax Return (ITR) forms.
India successfully testfired its indigenously developed, nuclear-capable, ballistic missile Prithvi-II from the Integrated Test Range at Chandipur, about 15 km from Balasore off the Orissa coast, on Friday.
Choosing the right ITR form for your income tax return filing can be quite confusing. Investmentyogi simplifies the ITR forms and all the jargon associated with it. Keep it handy for your returns in 2010.
It's that time of the year when the taxman is remembered the most. With just two days left to file tax returns, taxpayers have now awoken to the reality that the due date is at hand.
India on Sunday successfully test-fired its indigenously developed, nuclear-capable, short range ballistic missile (SRBM) Agni-1 from the Integrated Test Range (ITR) at Wheeler Island, about 100 km from Balasore off Orissa coast.
Indigenously developed and beyond visual range (BVR) air-to-air missile 'Astra' was on Monday test-fired from the Integrated Test Range (ITR) at Chandipur in Orissa.
The government has set a target of adding 1.3 crore income tax filers in the current financial year against 1.1 crore new filers added last year.
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
The successful test will result in huge savings of replacement cost of missiles held in the inventory of the Indian Armed Forces.
SAAW, an indigenously designed and developed 120 kg class smart weapon, has been developed by the Defence Research and Development Organisation.
Vodafone had however sought Rs 4,759.07 crore in tax refund from for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.
Unique Identification Authority of India (UIDAI) on Monday appealed people to register or update their mobile numbers in Aadhaar for easy access of various government services online.
If you miss the July 31 deadline, there is a late filing fee of up to Rs 10,000. Also, you cannot file returns beyond March 31, 2019.
We attempt to demystify for the salaried class the two main ITR forms applicable in their case, i.e. Forms ITR-1 and ITR-2.
Check the status and immediately act on it
India successfully tested the advanced version of Lakhsya, the indigenously built Pilotless Target Aircraft from the Integrated Test Range at Chandipur-on-sea, about 15 km from Balasore, for the third consecutive day on Wednesday.
The missile has a strike range of 2000 km, the sources said soon after it blasted off from a mobile launcher at the Launch Complex-4 of the Integrated Test Range, the sources said.
The new income tax return forms are a bit complicated feels tax expert Mahesh Padmanabhan. However, he suggests ways to overcome your difficulties in filing tax returns for this financial year.
Avoid common mistakes, figure out how to file returns if you invest in stocks and other concerns
You don't need to be intimidated by the thought of filing tax returns
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
While there was unrest in the rest of the Kashmir valley, the Dal Lake was serene and peaceful.
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
The trouble for Ashok Lavasa's family began a few months back when his wife, Novel Singhal Lavasa, came under the scanner of the income tax department on charges of alleged tax evasion.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Today one can easily file returns online.
India on Saturday successfully conducted two rounds of trials of its indigenously developed surface-to-air Akash missile as part of a user trial by the Indian Air Force from the Integrated Test Range at Chandipur near Balasore in Odisha.
The missile positioned at launch pad-3 of the ITR swung in to action after getting signal from the radars to intercept a moving aerial target supported by an unmanned air vehicle (UAV) 'Banshee' over the Bay of Bengal, officials said.
If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS.
The deadline extended till March 31, 2019.
India successfully conducted the third developmental trial in four days of its indigenously developed beyond visual range air-to-air missile 'Astra' on Monday from the integrated test range at Chandipur, 15 km from Balasore in Odisha.
The air-to-air missile is to form the main interception armour of the indigenously developed Light Combat Aircraft.
Even joint owners and trustees have to maintain records for past 16 years.
Even if your only source of income is salary and the tax has been deducted at source, you need to file returns.
The HSTDV is an unmanned scramjet demonstration aircraft for hypersonic speed flight, it can cruise at a speed of mach 6 and move up to an altitude of 32.5 km (20 miles) in 20 seconds, the sources said.
Ankit Mehra, founder and CEO, GyanDhan, an education financing marketplace, tells you how to apply for an education loan in the pandemic.
