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.
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 ...
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...
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...
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...
SWFs Seek Tax Exemption Extension for Infrastructure in Budget 2025 CBIC Issues Key Notification to Strengthen Central Excise and Service Tax Jurisdiction CBIC Waives Late Fees for Filing GSTR-9C for FY 2017-18 to FY 2022-23 CBIC Amends GST Rules to Enhance Compliance for Compos...
Discounts across the investment trust sector have remained wide with many trading at double digit discounts. As mentioned above, the Company's discount narrowed during the period under review, ending the period at 8.8% compared to 12.2% at the end of FY23. The Board continues to be proactive...
The last date to file ITR for individuals for FY 2023-24 (AY 2024-25) is 31 Jul 2024. Details here Learn Properly How to show Capital Gains on Mutual Funds, Indian Stocks, ESPSs, RSUs of MNCs, Fixed Deposits, Refund, Pay Self Assessment Tax and More How to Capital Gains in ITR for...