Finance Minister Nirmala Sitharaman, under the Finance Act 2022, gave this facility to the taxpayers so that they can revise ...

Citing these issues, the ICAI urged the government to extend the last date to file ITR. On social media, taxpayers have continuously been raising their grievances regarding the issues they are ...

IT department can levy up to 50 per cent penalty ITR Last Date: The last date for filing the late Income Tax Return (ITR) is approaching fast. For the year 2020-21 (AY 2021-22), the last date is ...

"The Due Date for filing ITR for AY 2020-21 is almost here. Please do not leave it to the last minute," it had said. "Not Filed your ITR for AY2020-21 yet? Please do not miss the extended due date ...

The provision for filing an updated return was introduced in the Finance Act of 2022 when Finance Minister Nirmala Sitharaman ...

In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited ...

This means if you chose the new tax regime last year, you can switch to the old one ... However, this option is available only to those who filed their ITR before the due date. Before filing your ITR, ...

These financial revisions include changes in cooking gas prices, updates in fixed deposit rates, etc. All these come into ...

ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...

Except for some senior citizens, advance tax must be paid by all assessees, including NRIs, if the tax payable is ₹10,000 or ...

For taxpayers without business income: They can simply select the old tax regime while filing their ITR and have the flexibility to choose between the two regimes every year.

You can switch between the old and new tax regimes every year if your income comes from salary, interest, or rent ...