When filing income tax returns, it is important to fill up and submit the correct form, such as ITR-1, ITR-2A, and ITR-2. This is based on what kind of income, exemptions from income, etc. Filing ...

Step 7: Find the "Submission Mode" option and choose "Prepare and Submit Online ... Can a salaried person fill ITR 3? Salaried individuals can file ITR-3 if they have income from business or ...

Taxpayers must pay the third advance tax instalment by December 15, 2024, to avoid penalties. Those with tax liabilities over ...

The tax department has erred in sending notices to many taxpayers for defective income tax return (ITR). A defective return ...

As per the norms, liable taxpayers who fail to make advance tax payments before the due date will face a penalty interest of 1 per cent per month. Advance tax, or "pay as you earn" tax ...

Failing to pay advance tax by the stipulated deadlines can result in penalties under the Income Tax Act: A 1 per cent monthly interest is charged on any shortfall or non-payment of advance tax ...

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Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.