The income tax return forms, ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25) are now available for e-filing on the Income Tax department portal. The online ITR forms were made available from ...
On January 1, the Income Tax department announced that it would update the tax return-filing `utilities' for ITR 2 and 3 to allow eligible taxpayers to claim the benefit that they were denied earlier.
Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners. Missing the deadline can get pricey. Late filers face penalties up to Rs ...
SEO Title: Extended Time Limit for Filing Updated ITR (48 Months) ...
Legal notices: The Tax Department collects income statements from various sources. Failure to file ITR may trigger reports based on undeclared income. Carry forward losses: Filing before the ...