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

The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to help taxpayers reconcile discrepancies ...

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

Those tax payers who missed filing their income tax returns for FY 2023-24 before the July 31 deadline can still file it ...

You can file your return for the assessment year 2024-25 by paying a late fee of Rs 5,000 till December 31. If you miss this ...

The Income Tax Return (ITR) is a required process for taxpayers to report their earnings and tax payments to the IRS (Indian Revenue Service), and it must be submitted by the specified deadline Filing ...

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

Part B-TI: Computation of the total income. Part B-TTI: Computation of the tax that must be paid on the total income. Follow the steps mentioned below to file returns with ITR 3 form: Step 1: Go to ...

Therefore, such issues cannot be subject matter of automated proceedings by CPC under Section 143(1) of the Act.'' Notices ...

The amount you give depends on how much you earn. The government decides how much you need to give based on the rules they make. Filing an income tax return is a legal obligation that varies based on ...

Filing your ITR even after the deadline ensures compliance with tax laws ... Allu Arjun Film Shatters All Records, Earns Rs 64.1 Cr On Monday Pushpa 2 Box Office Collection Day 5: Allu Arjun Film ...

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