Latest news with #EVC
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Business Standard
6 days ago
- Business
- Business Standard
'Validation error' in filing tax return: How to fix problem, get refunds
People may face a problem called 'bank account validation error' while filing their Income Tax returns online, preventing them from completing the e-verification process or receiving refunds. The Central Board of Direct Taxes (CBDT), at has listed reasons for the error and explained how to resolve it. Why bank account validation is important Before the Income Tax Department can issue any refund, the taxpayer's bank account must be: -Pre-validated on the Income Tax portal, and -Linked with the PAN of the taxpayer According to the CBDT's instructions on its e-filing website, this validation ensures that refunds are credited to the correct account and helps complete e-verification using Electronic Verification Code (EVC). Common reasons for validation failure The portal lists the following reasons why bank account validation might fail: PAN not linked with the bank account Mismatch in name between PAN and bank records Bank account number mismatch/ wrong ISFC code Account is closed or inactive Steps to fix the validation error Here is what you should do, as per the guidance provided on Log in to the portal using your PAN credentials. Navigate to the 'My Bank Account' section under your profile. Check the reason for validation failure displayed next to your bank account. Take corrective action: If it's a PAN linking issue, contact your bank to update records. If there's a name mismatch, ensure the name in your PAN matches exactly with the bank account. If the bank isn't supported, consider adding another account that is supported. Click 'Revalidate' after corrections, or choose 'Add Bank Account' to register a different one. Final checks CBDT advises taxpayers to:
Indian Express
20-06-2025
- Business
- Indian Express
How to file GST returns online in 2025?
GST Return Filing Online 2025: All the taxpayers in India needs to submit returns regularly under the Goods and Services Tax (GST) system. To file GST returns, businesses must hand over details about their sales, purchases, taxes they've paid, and input tax credits (ITC) they're claiming in specific formats. One of the most significant aspects of GST compliance is the timely and accurate submission of GST returns. Along with standard monthly and yearly return forms such as GSTR-1, GSTR-3B, and GSTR-9, the GST system includes a number of alternative return types for a number of reasons. Step 1: Visit the official GST portal at Step 2: Enter the GSTIN (GST Identification Number), username, password, and the captcha code to log in. Step 3: After logging in, you will reach the dashboard and go to the returns dashboard: Services > Returns > Returns Dashboard. Step 4: Choose the financial year and month or quarter you want to file the return for. Step 5: This opens up the right return forms for you based on how you're registered. Choose the form you need to file and click 'Prepare Online'. Keep in mind: Different GST Return Forms apply to different taxpayers. It depends on their turnover, type of supply, or registration category. Step 6: Fill out all the needed personal details, save the form, and hit 'Submit'. Step 7: After submitting, use 'Track Return Status' to check where things stand and to pay. Step 8: Head to 'Payment of Tax' and click 'Check Balance' to see your available credit and cash balances. Step 9: Choose 'Offset liability' and pay cash for any amount left after using your input tax credit. Step 10: After payment, file the GST return by checking the declaration box, choosing the authorised signatory, and clicking 'File Form with DSC'/'File Form with EVC', as suitable. Please note: Readers must note that this is simply general guidance on filing GST returns. However, there are other GST returns on the GST system based on the forms, some of which may need fewer or more procedures than those described *This article is written by Amrit Prakash, who is an intern with
India Today
03-06-2025
- Business
- India Today
ITR filing made easy: Here's a simple step-by-step guide to file income tax return
Filing your income tax return (ITR) might seem overwhelming at first, but with the right steps, it's actually quite straightforward—especially when done online. And here's a bit of relief for crores of taxpayers as the Income Tax Department has extended the last date to file ITR for AY 2025-26 from July 31 to September 15, 2025, for those not requiring an audit. That means you now have 45 extra days to file your return without facing any late make the process smoother, the tax department has released updated ITR utilities for ITR-1 (Sahaj) and ITR-4 (Sugam). These are user-friendly tools designed to help you fill in and submit your return online with THESE KEY DOCUMENTS FIRSTBefore starting your income tax return, ensure you have key documents in hand. These include Form 16 from your employer, Form 26AS, the Annual Information Statement (AIS) and Tax Information Statement (TIS) from the income tax portal, and your bank statements. Interest certificates from banks or post offices are also essential. Together, these help confirm your total income and taxes already THE RIGHT ITR FORMThe Income Tax Department has released seven ITR forms (ITR-1 to ITR-7) for FY 2024– individuals fall under ITR-1 to ITR-4, depending on how they earn, whether through salary, business, or other let's walk through the simple steps to file your ITR TO FILE ITR ONLINE: STEP-BY-STEPadvertisementTo file your ITR online, start by visiting the official income tax e-filing portal and logging in with your PAN and password. Once logged in, go to the 'e-File' tab and click on 'File Income Tax Return'. Choose the appropriate assessment year, AY 2025-26, for income earned in FY 2024-25, and select the 'Online' filing choose your filing status. Most taxpayers will select 'Individual'. Then, pick the correct ITR form based on your income type. You'll also need to mention the reason for filing your return, such as having taxable income above the exemption limit or meeting certain other and validate all the pre-filled information shown on the portal, including your personal details, bank information, and income everything looks correct, e-verify your return within 30 days. You can do this through Aadhaar OTP, Net Banking, EVC, or by posting a signed copy of ITR-V to the CPC in accurate and timely ITR filing not only keeps you tax-compliant but also helps in quicker refunds and smoother financial planning. Take advantage of the new deadline and updated portal to file Reel
News18
31-05-2025
- Business
- News18
How To File ITR 2025? A Step-By-Step Guide For Online And Offline Income Tax Return Filing For AY 2025–26
Last Updated: The income tax department enabled Excel-based utilities for ITR-1 and ITR-4 for offline filing for FY 2024-25. 15,497 ITRs were filed on May 30, with 13,432 verified. Income Tax Return Filing 2025: As the income tax department has enabled the Excel-based utilities of ITR-1 and ITR-4 to allow the offline ITR fling for FY 2024-25 (AY 2025-26), over 15,500 income tax returns (ITR) have been filed within a day on Saturday, May 31. Out of these, 13,450 have been verified. The online ITR filing is yet to start. The last date to file ITR without penalty is September 15, 2025. Whether you're filing for the first time or are a regular taxpayer, understanding the online and offline ITR processes is crucial to avoid last-minute errors and penalties. Who Needs To File ITR? Filing ITR is mandatory for individuals whose total income exceeds the basic exemption limit of Rs 3 lakh under new tax regime. Under the old tax regime, the tax exemption limit is Rs 3 lakh for those below 60, Rs 3.5 lakh for senior citizens, and Rs 5 lakh for super senior citizens (80+). Additionally, filing is compulsory if you meet any of these criteria: Even if your income is below the threshold, filing ITR can be beneficial — especially to claim refunds, carry forward losses, or for use as income proof for loans or visa applications. 2. Open and Enable Macros Extract ZIP file Open Excel and enable macros 3. Fill in Details Enter personal info, income, deductions, taxes paid Refer to Form 16, 26AS, AIS, etc. 4. Validate 5. Generate JSON 6. Upload JSON 7. Verify and Submit Verify ITR using Aadhaar OTP, net banking, DSC, or EVC Submit return after verification Online filing, or e-filing, is the most popular method and is done via the official income tax e-filing portal. Though online ITR filing has not started yet, here's how to do that: Visit the portal and log in using PAN (as User ID) and password. New users can register using PAN, Aadhaar, and contact details. Select the relevant ITR form (e.g., ITR-1 for salaried individuals). Use the 'Income Tax Return' option under the e-File tab. Step 3: Pre-fill and Validate Details Auto-filled data from Form 26AS and AIS can be reviewed and edited. Verify income, deductions, and tax credits. Step 4: Upload Documents Generally, documents like Form 16 are not required to be uploaded but should be used to cross-verify. Step 5: Submit and Verify Complete filing by verifying through Aadhaar OTP, net banking, DSC, or bank account EVC. Key Documents Required Form 16 (for salaried employees) Form 26AS (tax credit statement) Annual Information Statement (AIS) Bank account details Investment proofs, rent receipts, LIC premiums for deductions under Section 80C, 80D, etc. Important Dates and Late Filing Penalties Due Date: September 15, 2025 Late Filing Fee (Section 234F): Rs 1,000 if income is below Rs 5 lakh Rs 5,000 if income exceeds Rs 5 lakh Taxpayers missing the deadline may also lose the benefit of carrying forward losses. top videos View all According to the CBDT, the ITR forms for AY 2025–26 were notified earlier this year with modifications to allow reporting of capital gains in ITR-1 and ITR-4, and with improved compatibility for pre-filled data. Whether you choose to e-file or opt for offline submission, filing your ITR on time ensures financial compliance and access to benefits such as tax refunds. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : income tax income tax return Location : New Delhi, India, India First Published: May 31, 2025, 09:58 IST News business » tax How To File ITR 2025? A Step-By-Step Guide For Online And Offline Income Tax Return Filing For AY 2025–26
Yahoo
29-05-2025
- Business
- Yahoo
Entravision Communications Corporation (EVC): A Bull Case Theory
We came across a bullish thesis on Entravision Communications Corporation (EVC) on Substack by TheYoungValueHunter. In this article, we will summarize the bulls' thesis on EVC. Entravision Communications Corporation (EVC)'s share was trading at $1.9 as of 21st May. An aerial view of a broadcasting company's television stations, showing the power of the company's media presence. Entravision Communications (EVC) has endured significant challenges, including a 53% revenue hit from Meta's ASP program termination and a 60% stock decline. Yet, under CEO Michael Christenson's leadership, the company has initiated a strategic transformation. EVC streamlined operations, prioritized dividends, and realigned executive incentives toward performance and long-term value creation. Management's decision to forgo cash bonuses in favor of RSUs and PUs with 200–600% stock price hurdles highlight deep alignment with shareholders. A simplified capital structure following the founder's passing has further increased the company's attractiveness as an acquisition target. EVC operates in two segments: Media and Ad-Tech. While Media EBITDA has declined, the segment retains significant strategic value in a deregulated environment, especially as the FCC under Chairman Brendan Carr may lift ownership caps and renew auction authority. The Ad-Tech segment, growing at 42% annually, now represents 40% of sales and may surpass Media, making it a strong candidate for a partial or full sale at a premium valuation. EVC's underappreciated spectrum licenses, valued at up to $276M using MHz-pop metrics, could be monetized through a future FCC auction. A complete or piecemeal sale—Media, Ad-Tech, or spectrum—could unlock an EV of $700M, over 3x the current valuation. Risks remain, including execution, regulatory setbacks, and macro headwinds, but with industry tailwinds, a leaner cost base, and high insider ownership, EVC offers compelling upside. With a dividend yield nearing 11%, shareholders are paid to wait for multiple catalysts to close the gap between price and value. Entravision Communications Corporation (EVC) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held EVC at the end of the fourth quarter which was 12 in the previous quarter. While we acknowledge the risk and potential of EVC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than EVC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
