The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High ...
It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so by filing a revised or belated income tax return (ITR) ...
The Income Tax department has released Excel utilities in two major forms ITR2 and ITR3 for enabling taxpayers to claim the ...
It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...
ITR filing: The Income Tax Department has provided a significant update by allowing taxpayers who qualify for the section 87A tax rebate for the financial year 2023-24 to claim it now. In a ...
What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the rebate system. A ...
With the Budget scheduled to be released on Feb 1, 2025 and the new tax regime being the focus of the government, major ...
Can you file ITR-U if your total income is below ₹5 lakh and have claimed rebate under section 87A? Yes, you can file the updated return but you will be liable for the late filing fees.
An updated income tax return can be filed by a taxpayer to correct any mistakes or omissions in the original or belated ...
The department has confirmed that updated utilities for ITR forms 2 and 3, with the ability to claim the Section 87A rebate, will be available soon.
The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3 ...