Did you miss reporting a particular income while filing your income tax return (ITR) a few years ago -- say three years ago? You do not need to fret over this anymore since you can file a fresh ...

Of course, an updated ITR can only be filed to report a higher tax liability, unlike a revised return that can modify your ITR to include deductions and reduce tax liability. Introduced in April ...

FM Sitharaman introduced the updated ITR facility in 2022 to encourage voluntary compliance among taxpayers who had previously omitted reporting their correct income. As a result, approximately 90 ...

Also, they can file their ITRs if they didn't do so within the prescribed time limit or failed to file the belated ITR- within two years from the end of the relevant assessment year. Here is the brief ...

While social media is buoyed over Sitharaman's announcements, a question everyone is asking on the internet: Do we still need to file an Income Tax Return (ITR) even if our taxable income is zero?

If a taxpayer misses the December 31 deadline, he can file an updated return (ITR-U) under S 139(8A) up to a period of two years from the end of the relevant assessment year. This time period of ...

ITR Filing Deadline, January 15, 2025: Failure can lead to a loss of opportunity to file or revise your return for AY 2024-25 and additional penalties. ITR Filing Deadline, January 15, 2025 ...

Legal notices: The Tax Department collects income statements from various sources. Failure to file ITR may trigger reports based on undeclared income. Carry forward losses: Filing before the ...

Similarly, if you failed to file your ITR for the financial year 2021-22 (assessment year 2022-23) or wish to rectify errors, you can submit updated returns by March 31, 2025. You need to enter ...

ITR filing: Taxpayers who missed the deadline to file their belated or revised Income Tax Return (ITR) for the financial year 2024-25 in July 2024 were given a second opportunity to do so on ...

promoter and an increase in expression of 200-fold from the ITR in a vector without a promoter. Cis activation increases transgene expression in fibroblasts To determine whether cis activation ...