ITR-U is applicable from 1st April 2022. So during the current financial year 2022-23, you can file ITR-U for AY 2020-21 and AY 2021-22. E.g., The Return of FY19-20 can be updated till 31st March 2023. Steps to File ITR-U (Income Tax Updated Return) Form ...
Shailesh contributes Rs 31,000 per month to EPF for FY 2022-23 and his opening balance is Rs 1,11,063. In such a case his annual contribution will be Rs 3,72,000 (Rs 31,000 X 12) and interest will be taxable on Rs 1,22,000 (i.e 3.72 Lacs -2.50 Lacs) along with on opening...
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...
Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax.
Due date for CSR-2 extended MCA has further extended the due date of filing Form CSR-2 for the FY 2020-21 to 31st May 2022. Extension of deadline for accounting software with audit trail The applicability of using accounting software having audit trail has been deferred again and now shall...
and two three-year term loans for £15m and USD $18.4m respectively. At the period end, the term loans had been fully drawn down; plus £30m in sterling and $12m in US dollars had also been drawn down under the RCF. As at 1 July 2024, the latest practicable date, the portfolio...