Late filing fee: Under Section 234F, a late fee of up to Rs 5,000 may be levied for belated ITRs (ITR filed after original ...
With the last date for filing Income Tax Returns (ITR) for the financial year 2024-25 (assessment year 2025-26) fast approaching, taxpayers are being reminded not only of the filing deadline but also ...
Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow ...
Difficulty in accessing AIS has been the chief complaint of many tax professionals ahead of the September 15 ITR filing due date. It is important to review AIS to avoid missing out on disclosures, ...
The Income Tax Department has issued an advisory stating that correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. This means if ...