An individual can file original income tax return (ITR) on or before July 31, unless extended by the income tax department. However, it may happen that indiviudal has missed the original ITR due date. The income tax laws allow an individual to file ITR. Know the difference between different types of ITR filed.

There are certain income tax assessees who need to file a tax audit report at the time of filing their income tax return.

Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments.

The government has notified an amendment to the central goods and services tax Act to provide for additional time for claiming input tax credit, issuance of credit notes, rectification of errors and extending the last date of September 30. The due date of issuance of credit notes and declaration in the returns has also been extended to November 30.

An NRI receives different types of income from India. However, if an NRI receives a certain type of income from India, then TDS will be applicable to such income. The TDS will be applicable even Re 1 earned from such income, irrespective of whether an NRI's total taxable income exceeds Rs 2.5 lakh or not in a financial year.

Have you calculated your income taxes according to the new income tax regime but missed the deadline to file an income tax return? Then there is bad news for you. If you are filing a belated ITR (tax return filed after the deadline is missed), then you cannot claim this tax benefit. Further, by not being able to claim this tax benefit one, one would have to pay higher taxes now.

An HUF is treated as a separate tax entity; it enjoys a separate basic tax exemption of Rs 2.50 lakh in addition to separate tax exemption for each of its members (normally available to individuals). This is available whether the HUF is resident or non-resident.

If your income tax return has been processed and refund is confirmed but still pending, you need to check the status of the refund. Here are the three possible reasons why your ITR is still pending.

If you have sold a house in the current financial year, then capital gains derived from such a sale will be taxable in the hands of a taxpayer. However, Income-tax Act, 1961 allows an individual to save on tax by long-term capital gains. Here's how an individual can save tax on the capital gains derived from the sale of a house.