Currently, for FY 2024-25, individuals earning above Rs 3 lakh but below Rs 7 lakh in the new regime, and above Rs 2.5 lakh but below Rs 5 lakh in the old regime, must file ITRs to claim Section ...
“Following a campaign by the Central Board of Direct Taxes (CBDT), 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed belated returns for AY 2024-25, declaring foreign assets worth ...
For the 2022-23 fiscal, 8.61 crore ITRs were filed. The idea behind comprehensive income tax review as announced in the Budget is to make the tax law simpler. "We will come up with a draft and ...
Income Tax Returns: It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors in filing. With the start of the new financial ...