Belated ITR Filing:If you miss the ITR filing due date, you can still file a belated return, but you must do so by December 31st of the particular assessment year. For example, if you miss the July 31, 2024, due date for the financial year 2023-24 (assessment year 2024-25), you c...
ITR 6 is a tax return form for all the companies which are not claiming the exemption u/s 11 (Income from property held for charitable or religious purposes). The 31st of October is the due date for filing the ITR 6 for AY 2023-24. ITR 7 Form is meant for all Charitable /Religious...
Due Date for Revised/Belated Return of Income for FY 2023-24: December 31, 2024. Note on "ITR date extension":The Central Board of Direct Taxes (CBDT) extended the deadline for corporates to file their income tax returns for the Assessment Year (AY) 2024-25 from 31st October 2024 to15...
Due Dates for Filing Income Tax Return For AY 2022-23 What is Updated ITR return? An updated ITR,ITR-U, is an updated return that allows you to update/file any of your previous income tax returns under section Section 139(8A) within 24 monthsfrom the end of the relevant assessment year...
Changes in the ITR Forms for AY 2022-23 Category of Pensioner: ITR1 Tax on Provident Fund Interest Reporting of Foreign Assets in Calendar Year Additional disclosures required for Capital Gains in ITR 2, 3, 5 & 6 Residential status in India in ITR 2, 3 ...
Q. What are the due dates of filing Income Tax Returns ? -For Individuals, the last date of filing Income Tax Return is 31st July of next financial year -For Companies & Persons who require tax audit under section 44AB, the last date of filing Income Tax Return is 30th September of ne...
Income Tax Slab for FY 2018-19 or AY 2019-20 Income Tax Slab and the effect of the increase in cess is shown in the table below. Effect of cess on Income Tax 2018-19 as per Budget 2018 Table below shows Income Tax changes for FY 2018-19 due to Standard Deduction, Medical Reimburseme...
For example: If a Return of Income for the Financial Year 2015-16 or Assessment Year 2016-17 is filed by the assessee on 28th July 2016 (before the due date of filing of Income Tax Return i.e.5 th Aug 2016), and he later discovers some mistake,he can file a Revised Return of In...
000 Rs TDS is deducted(Rs 50,000 for Senior citizens). In this article, we shall see Fixed Deposit over Multiple Financial years, Details of Interest and TDS in Form 26AS, how interest and TDS have to be filled in Income Tax Return. If any extra tax due Advance or Self-Assessment ...
If there is net loss any year (non-speculative F&O + any income other than salary), and if income tax returns are filed before the due date, the loss can be carried forward for the next 8 years. During the next 8 years, this loss can be set-off against any other business gain (no...