For “non-business cases," taxpayers can elect their preferred tax regime each year by selecting the option in their Income ...
It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...
The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High ...
What is the difference between revised and belated ITR? Revised ITR can be filed by a taxpayer who has filed his/her original ...
What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the rebate system. A ...
The Income Tax department has released Excel utilities in two major forms ITR2 and ITR3 for enabling taxpayers to claim the ...
Bombay High Court had given an interim relief by ordering the tax department to extend the revised and belated ITR filing ...
The clock is ticking for late ITR filing! Avoid penalties by filing your return now. Here's everything you need to know about ...
The Income Tax Department has recently updated the Excel utilities for ITR Forms 2 and 3, enabling taxpayers to claim the Section 87A rebate for the Financial Year 2023-24 (Assessment Year 2024-25).
File revised returns only after glitches in ITR utilities are sorted out ... before January 15 to claim the rebate under section 87A have failed to do so due to a technical glitch in the forms ...
Taxpayers, who are eligible for the Section 87A tax rebate but were unable to claim it after July 5, 2024, can now exercise the option to update the rebate. The Income Tax Department has updated the ...