Day: March 28, 2018

After you have successfully filed your income tax return, the next step is to verify it. The Income Tax Department starts processing your return when it is verified. Refunds, if any, are processed for returns which have been submitted and verified. ClearTax recommends you verify your return via netbanking. It is the easiest and the fastest way to verify your tax return. After your return has been successfully e-verified via…

Only four days are left to file belated income tax (IT) returns for assessment years 2016-17 and 2017-18 as well as for revised income tax returns for assessment year 2016-17. Thus, income tax offices will remain open from March 29-31 to help taxpayers file their income tax returns despite the period being a long weekend on account of Mahavir Jayanti (March 29-Thursday), Good Friday (March 30- Friday) and Saturday (March…

India’s Income Tax department has frozen Cognizant Technology Solutions Corp’s (CTSH.O) bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT), according to a report on Tuesday. A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings. Cognizant failed to pay the tax of more than 25…

NEW DELHI: Income Tax (I-T) offices and Ayakar Seva Kendras (ASKs) will remain open during holidays from March 29- 31 to facilitate taxpayers in filing returns before the end of the financial year 2017-18. The last date for filing belated returns for Assessment Years 2016-17 and 2017-18 and revised returns for Assessment Year 2016-17 is March 31, 2018. “To facilitate filing of Income Tax returns and completion of associated work,…