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 ...

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 April 1, 2024. Taxpayers eligible to ...

The individual has never filed an ITR due to nil tax liability but now needs to for a home loan. They plan to file online, have doubts about income reporting and deductions, and must file ITR for only ...

For an individual taxpayer, the due date for filing income tax return is July 31 of the subsequent year. So, the due date for filing income tax returns for the financial year 2024-25 is July 31 ...

If you somehow failed to file your income tax return (ITR) for any of the past two years, you can still file an updated income tax return. These two years are 2021-22 (AY 2022-23) and 2022-23 (AY ...

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 ...

ITR Filing Deadline, January 15, 2025: Failure can lead to a loss of opportunity to file or revise your return for AY 2024-25 and additional penalties. ITR Filing Deadline, January 15, 2025 ...

The last date for filing an Income Tax Return for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31 ...

The last date to file tax return for AY 2024-25 ended on July 31, 2024 and the deadline for belated and revised ITR filing was December 31, 2024. “The Central Board of Direct Taxes (‘the CBDT ...

The last date to file the Income Tax Return (ITR ... The income tax department has enabled the online forms for ITR-1 and 4. According to the income tax website, “Income-tax Returns Form ...

The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Of course, an updated ITR can only be filed to report a higher tax liability ...