If the immovable property is partly financed by Bank/Lender, the TDS will be required to be deducted by the transferee on the ...
As the financial year 2024-25 comes to a close, many taxpayers may wonder whether they can file their Income Tax Returns (ITR ...
Filing ITR is not only a legal responsibility but also important for taxpayers' financial health. It keeps a record of one's ...
Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...
The ITR Awards programme is a prestigious event that celebrates excellence within the global tax community. It provides a unique platform for leading firms, advisors, and their clients to showcase ...
To claim FTC, you must file Form 67 online before submitting your Income Tax Return (ITR). Follow these steps: Form 67 must be filed before the due date of ITR filing to claim the tax credit. Missing ...
Read below to know your options. TIL Creatives Didn’t file ITR in past? You may get tax notices from I-T department u/s 148A as it has identified high risk non-ITR filers relating to AY 2019-20, 2020- ...
Ever missed a tax deadline or realized you underreported income in a past return? The Income Tax Department offers two remedies: Updated Returns (ITR-U) and Condonation of Delay. While both address ...
Select ‘ITR-U’ under the ‘Income Tax Returns’ section ... Submit the updated return and keep the acknowledgment for future reference. Filing an updated return ensures compliance with tax laws and ...
It is always advisable for taxpayers to file their ITRs at the earliest to avoid last-minute rushes, which may lead to errors ...
M/s Raiden Infotech India (P.) Ltd. (“the Petitioner”) filed a writ petition challenging the Order dated April 30, 2024 (“the Impugned Order”) passed by the Revenue Department (the “Respondent”), ...
All depends on how the ITR utility is configured," said Balwant Jain. Even after the due date, you can revise a return and change the tax regime, but only if the original ITR was filed by the due ...