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...
When filing your Income Tax Return (ITR), it's crucial to meet the Income tax return filing last date to avoid penalties and maximise benefits: Interest:If you miss the deadline for Income tax filing, under Section 234A, you will incur an interest charge of 1% per month or part thereof...
Step 2: Late Return Filing If the taxpayer has missed the due date of filing the Income tax return, the same can still be submitted as "belated income tax return" within the last date of the assessment year. However, the losses or accumulated depreciation cannot be carried forward, and in...
Get to know easy guide to file ITR 1 SAHAJ form by an online income tax return filing procedure for AY 2024-25. Also, we write down the eligibility and due dates.
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
How to delete draft version of the return in the IT E-Filing utility and start afresh? Even after uninstalling and reintalling a newer version of the utility the problem persists. Draft version continues to shows up. Guidance please. Reply H N SANNI August 23, 2021 at 5:36 am JSON IS...
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Previously filed return, if an amended return is filed for the same quarter. Do I need to have a COR before I can use Taxumo? Taxumo does not require you to upload your COR.This means you can already start filing even without your COR on hand. ...
Login to File Income Tax Returns (ITR) for FY 2024-25 (AY 2025-26) 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
In the case of income exceeding the limits that are exempt from being taxed, you are mandatorily required to file a tax return according to the tax slabs in effect at the time. Moreover, filing an ITR after the due date could result in a penalty or even prevent you from getting a loan...