ITR filing: Taxpayers who miss the regular deadline for filing their income tax return get an additional chance through the updated income tax return (ITR-U) facility, introduced under Section 139(8A)…
One key reason to file your ITR, even if you have no taxable income, is the ability to carry forward capital losses for future tax benefits. (AI image) By Surabhi…
ITR: One of the most crucial documents for income tax returns, Form 16 is usually issued by the employer. (AI image) Income Tax Return (ITR) filing FY 2024-25: Filing ITR…
ITR filing: The deadline to file income tax returns has been extended to September 15, 2025 this year, as against July 31 every year. (AI image) ITR filing FY 2024-25:…
ITR Filing: Under the new tax regime, standard deduction from salary has increased to Rs 75,000 from Rs 50,000. (AI image) ITR filing FY 2024-25: By June 15, 2025, employers…
ITR filing: The zero-tax income threshold has been increased from Rs 7 lakh to Rs 12 lakh. Income Tax Slabs FY 2025-26 after Budget 2025: Finance Minister Nirmala Sitharaman’s big…
If one fails to submit a belated return by December 31, 2024, specific consequences apply. ITR filing deadline: December 31, 2024, marks the final deadline for submitting belated and revised…
The new form will enable employees to provide information about TCS and TDS from other sources. (AI image) TDS for salaried employees: The Central Board of Direct Taxes (CBDT) has…
ITR Filing FY 2023-24 deadline extension: The Income Tax Department has advised taxpayers to file their income tax returns for the financial year 2023-24 before the July 31, 2024 deadline.According…
With the Income Tax Returns (ITR) filing deadline approaching, numerous troubled netizens have reported encountering glitches on the tax-filing portal and facing significant difficulties during the procedure. A latest survey…