Non-compliance can lead to penalties of up to ₹10 lakh if foreign assets exceed ₹20 lakh (excluding immovable property).

Taxpayers who fail to file their ITR within the prescribed due date can utilize the provisions of Section 139(4) of the ...

The last date for submitting a belated ITR is December 31, for which failure to file in time will result in an increased ...

Advance tax is also called as 'pay as you earn' tax which provisions to deposit advance tax in installments rather than at ...

Pending verification: After filing an ITR, taxpayers must verify their returns either electronically or by sending a signed ...

The extension has been granted to taxpayers falling under clause (aa) of Explanation 2 to sub-section (1) of Section 139, ...

Many taxpayers have received notices for filing defective ITR after filing their Income Tax Return (ITR) in Form ITR-1, where ...

The due date for filing returns under Section 139(1) of the Income-tax Act, 1961, for taxpayers required to submit a report ...

Senior citizens may be exempt from filing Income Tax Returns (ITR) under Section 194P. Learn the eligibility criteria and ...