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 ...
Section 139(5) of the Income Tax Act allows individuals to rectify mistakes on their original income tax return by filing a revised return. There is no limit to the number of times an individual can file a revised return, but they must do so 3 months prior to the completion of the rele...
In case you have filed your Income Tax Returns before the due date of filing of Returns u/s 139(1) but later realised that there was any omission or mistake in filing your Income Tax Return, you need not worry as you can always file a Revised Return of Income Tax under section 139(5...
为了方便纳税人,CBDT于12月31日将最后日期延长至1月15日。 “中央委员会的直接税收(CBDT),在行使其权力section 119的所得税法案,1961年(“法”),扩展了家具的最后日期迟来的收入回报下小节的第139节(4)的行为或提供修改后返回的收入在小节(5)139条款的行为评估2024 - 25的居民个人从圣12月31日,2024年1月...
Section 139(4D): Universities, colleges, or institutions not required to file returns under any other provision. Section 139(4E): Business trusts not required to file returns under any other provision. Section 139(4F): Investment funds referred to in section 115UB, not required to file returns...
Later, the Finance Ministry in a statement said, “As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016-2017 from July 31, 2016 to August 5, 2016, in case of taxpayers thro...
Section 139 of the Act would bridge distinct dates for furnishing the returns for distinct taxpayers. A reading of the mentioned sub-section is displayed when the individual does not file the return for the former year in the given time under Sub-Section (1) Le prior to the 31st day of...
As per section 139(1) of Income tax act 1961, Every individual/HUF/AOP/BOI/artificial juridical person has to file the return of income if his total income (including income of any other person in respect of which he is assessable) without giving effect to the provisions of section 10(38...
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. ITR U is introduced to improve tax compliance by taxpayers without involving litigation...
Exclusive Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act Major Changes Expected in Direct Tax Code 2025 and why these matter Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications? Boost Your ...