PravasiTax is a unique platform that provides Tax Compliance and Income Tax Return Filing services for NRIs.
Income Tax Return Processing AY 2024-25: Over 6.58 crore income tax returns (ITRs) have been filed so far for the Assessment Year 2024-25, according to latest update shared by the Income Tax Department on Wednesday. Over 5.53 crore ITRs have been verified and...
3. On the Downloads page, under Income Tax Return, select your assessment year. 4. Once done, choose the ITR form applicable to you and click Schema to download the appropriate utility. Note: Individuals filing ITR 1 to ITR 4 can download the Common Offline Utility and file returns. 5....
Tax returns ask for information about the types of income generated throughout the year and allow filers to claim tax breaks, such as credits and deductions. Most importantly, tax returns help individuals and businesses determine whether they’ve paid enough taxes throughout the year. If not, yo...
For the Assessment Year (AY) 2024-25, thelast date for an Income tax filing (Income tax returns)under section 139(1) is July 31, 2024, unless extended by the government. It's important for taxpayers to note that merely paying taxes does not fulfil all obligations; timely income tax e ...
The due date for filing the Income Tax Return by Assessee who is required to furnish a report under sec 92E is 30th November 2024. Note: The CBDT has revised the due date for filing income tax returns to furnish a report under Section 92E to December 15, 2024. Read Circular The due...
The chart below is for the 2023 tax year filed in 2024. Federal income tax returns are due April 15, 2024, or October 15, 2024 if you filed for an extension. See thefull 2024 Tax Refund Schedulefor more information. There is no personal exemption for tax year 2023, due to a provision...
And there is another section that only file returns when something urgent requirement comes up asking for their last few years of ITR. They approach a nearby CA and file their old tax returns. There has been low-Income Tax filing Compliance in India. However, in recent years, the Govt. of...
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The CBDT department has announced an extension for the filing deadline of income tax returns under section 92E is 15th December 2024 from 30th November 2024. Read Circular The deadline to submit your income tax return for 2024-25 has been extended to November 15, 2024, for audit cases. Re...