Tap on “Continue” to furnish the Income-tax Return for AY 2024-25. Major Points to Know Before Using Utility Only for ITR-1 and ITR-4, this offline utility is enabled. The other will be subjected to summed inside the utility in the consequent freedoms The Utility is on the grounds ...
The new forms are called ITR-1 and ITR-4 and will be used for the assessment year 2024-25. Read PDF The IT department has enabled the offline utility for MAC and Windows platforms. The assessee can e-file ITR 1, ITR 2, ITR 3, and ITR 4 for the AY 2023-24. Lets us have a...
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...
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 ...
Login to File Income Tax Returns (ITR) for FY 2023-24 (AY 2024-25) online with ClearTax. ClearTax is fast, safe and easy for ITR E-Filing. ClearTax handles all cases of Income from Salary, Interest Income, Capital Gains, House Property, Business and Prof
The Updated ITR form has been kept very short and simple so that the assessee can fill in the relevant information easily.Income Tax Department has enabled E-filing of Updated ITR u/s 139(8A) for AY 2020-21 and AY 2021-22 Download the ITR U Excel utility fill it from Income Tax e-...
NRIs have a basic exemption limit like any resident Indvidual. For AY 2016-17(FY 2015-16) it’s 2.5 lakh. If NRI’s income exceed this limits, an NRI should file income tax returns in India. NRIs are taxed as per the tax rate and slabs prescribed for resident Indians below 60 yea...
The returns are required to be filled before a specified due date every year which usually is 31stJuly(extended at times for few days for specific reasons).The submitted forms are then processed by the Central processing Centre(CPC) of Income Tax Department of India. ...
Assessment Year: Income Tax return, ITR, is bound to an assessment year. For income earned in FY 2015-6 assessment year is AY 2016-17. Income Tax return forms(physical and excel) of AY 2016-17 and AY 2015-16 are different,. A revised return for the correct assessment year needs to ...
Hiding trading activity from the Income Tax department could mean trouble. The chances of getting a call for scrutiny are higher when the IT department systems/algorithms pick up trading activity on your PAN, but the same not declared on your ITR. IT scrutiny is when the assessing income tax...