New Delhi: Central Board of Direct Taxes (CBDT) has in its newest round has mentioned that electronically filed legitimate returns of revenue filed u/s 139 of the Act for Evaluation Years (AY) 2023-24, for which date of sending intimation has lapsed, shall be processed now and intimation shall be despatched to the assessee involved by…
The Revenue Tax Division is but to inform the earnings tax return (ITR) types for the monetary yr 2024-25 or evaluation yr 2025-26. Over the past 3-4 years, it has been seen that the Revenue Tax Division normally notifies the types both earlier than the tip of the monetary yr or firstly of the evaluation…
New Delhi: A number of situations have come up the place a person tax fil has chosen Outdated Tax Regime in his or her workplace funding declaration however would wish to know if she or he can file ITR below New Tax Regime throughout precise submitting. CA Kinjal Bhuta, secretary, Bombay Chartered Accountants’ Society informed…
If one fails to submit a belated return by December 31, 2024, particular penalties apply. ITR submitting deadline: December 31, 2024, marks the ultimate deadline for submitting belated and revised earnings tax returns for FY 2023-24 (AY 2024-25). While varied taxpayer classes have distinct ITR submitting deadlines, the ultimate date for belated and revised returns…
