The assessee has to pay income tax if his total Income after allowing Chapter VI-A Deduction is more than the taxable income limit.Due Dates of ITR for Different Categories of Taxpayers for FY 2023-24 (AY 2024-25)Category of TaxpayerDue Date (Original Return) Company (whether tax audit ...
The deadline to submit your income tax return for 2024-25 has been extended to November 15, 2024, for audit cases. Read Circular The CBDT department has decided to replace the Excel and Java Versions of ITR Utilities with the JSON Utility for ITR-1 & ITR-4, which will be applicable fo...
Category of TaxpayerDue Date for Tax FilingDue Date for Tax Filing For FY 2023-24 Individual / HUF/ AOP/ BOI (books of accounts not required to be audited) July 31 31 July 2024 Businesses (Requiring Audit) October 31 31 October 2024 Businesses (Requiring TP Report) November 30 30 November...
4. What is the time limit for revising a return? Individuals can file a revised return before the 31st of December of the relevant assessment year or before the completion of the assessment, whichever is earlier. For the current assessment year 2023-2024, the last date is 31st December, 202...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last three years.
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Excess tax refund claims rejected on time limit, High Court allows explanation for delay. November 6, 2024 Case Laws VAT / Sales Tax Partial GST refund allowed; remaining claim remanded for fresh adjudication on unjust enrichment. ...
ARPA generally eliminated the upper income limit and increased the amount of the premium tax credit (the percentage of household income that individuals are required to contribute to their health insurance coverage decreased to 9.61% in 2022). For 2023, even more taxpayers may qualify for the tax...
ARPA generally eliminated the upper income limit and increased the amount of the premium tax credit (the percentage of household income that individuals are required to contribute to their health insurance coverage decreased to 9.61% in 2022). For 2023, even more taxpayers may qualify for the tax...
(known as the minimum allowance). Net financial expenses exceeding this 30% EBITDA limit can be carried forward and deducted in the following years, subject to the same 30% EBITDA limit. Additional restrictions apply for leveraged buyouts (when a merger takes place, or the CIT consolidation ...