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.

Notably, the income tax department recently released excel utilities for ITR forms ITR-2 and ITR3 to exercise the option to claim rebate u/s 87A. However, you have to manually edit the tax rebate ...

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 ...

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...