The provision for filing an updated return was introduced in the Finance Act of 2022 when Finance Minister Nirmala Sitharaman ...
The government has given some relief to individual taxpayers by extending the time limit for filing updated Income Tax ...
The last date to file the income tax return (ITR) is July 31, 2024 for financial year 2023-24 (assessment year 2024-25).
ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...
Under the current Income Tax Act, 1961 (ITA), an individual is required to file an income tax return under section 139 if his/her income exceeds the basic exemption limit. Additionally ...
(Mint) The introduction of the Income Tax Bill 2025 in the Lok Sabha sparked concerns among taxpayers about their eligibility for refunds if they file their Income Tax Return (ITR) after the due date.