E-verify ITR within 30 days or else… Income Tax Department new rule in 10 points
2 years, 8 months ago

E-verify ITR within 30 days or else… Income Tax Department new rule in 10 points

Live Mint  

New Delhi: The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post filing of returns by taxpayers, from the current 120 days to 30 days, beginning August 1. 4) Till now, the time period to e-verify the ITR or send the ITR-V through post, after filing of an Income Tax Return, was 120 days from the date of the uploading of the ITR. 5) The notification clarified that in case the e-verification of the ITR or hard copy ITR-V is sent through post beyond the time-limit of 30 days, the return shall be treated as late or beyond the due date. 6) Those who wish to send the ITR-V in a hard copy can send it through the usual address through "speed post only" to: Centralised Processing Centre, Income Tax Department, Bengaluru-560500, Karnataka.

Income Tax Date 30 Days Itr Income Tax Department Income Tax Return Tax Return  points  everify  rule  filing  income  tax  return  30  everification  department  itrv  days  date  returns  itr  post

History of this topic

Over 90 lakh updated tax returns filed, ₹9,118 crore additional taxes mobilised
1 week, 2 days ago

Over 90 lakh updated tax returns filed, ₹9,118 crore additional taxes mobilised

The Hindu  

Over 90 lakh updated Income Tax Returns have been filed over the last four years which fetched ₹9,118 crore to the exchequer, Parliament was informed on Monday. In the current assessment year till February 28, 4.64 lakh updated ITRs have been filed and taxes of ₹431.20 crore paid, Minister of State for Finance Pankaj Chaudhary said in a written reply …

Over 4.68 lakh taxpayers file ITR for income over ₹1 crore till Feb 28, shows latest data
2 weeks, 2 days ago

Over 4.68 lakh taxpayers file ITR for income over ₹1 crore till Feb 28, shows latest data

Live Mint  

The latest data released by the income tax department shows that over 9.11 crore registered users have filed their income tax returns for FY 2024-25 until Feb 28, 2025. This figure is quite significant given that the total number of registered users stands at 13.96 crore, which means over 65 percent of registered users have filed their income tax returns …

ITR filing deadline: Last 2 days to file late income tax, penalty, how to file return after due date?
2 months, 2 weeks ago

ITR filing deadline: Last 2 days to file late income tax, penalty, how to file return after due date?

India TV News  

Taxpayers who are yet to file their Income Tax Return for the financial year 2023-24 still have time till January 15, 2025, to sort out late returns. Late fee for late filing of ITR Income below Rs 5 lakh: Rs 1,000 late payment Income of Rs 5 lakh and above: Rs 5,000 late fees The initial last date for filing …

ITR filing deadline extension: Income tax department announces relief for these taxpayers. Details here
3 months ago

ITR filing deadline extension: Income tax department announces relief for these taxpayers. Details here

Live Mint  

The Central Board of Direct Taxes has announced an extension for resident individuals to file their belated or revised Income Tax Returns for the Assessment Year 2024-25. The Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income-tax Act,1961, extends the last date for furnishing belated return of income under sub-section of section 139 …

Income Tax: How to e-verify your return? 5 Key points to know
3 months ago

Income Tax: How to e-verify your return? 5 Key points to know

Live Mint  

Income Tax department released a statement recently saying that the taxpayers must e-verify their return as soon as they can. The tax department’s message pointed out that taxpayers can still e-verify your IT return for AY 2024-25 on the e-filing portal using aadhaar OTP, net banking, pre-validated bank account or pre-validated demat account to ensure a secure and hassle-free process. …

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31
Trending News
3 months, 1 week ago

ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31

Live Mint  

With the Calendar Year set to culminate in a few days, there are a few income tax deadlines that are set to expire at the same time. These deadlines relate to the filing of belated income tax return, Vivad Se Vishwas and declaration of foreign assets. Filing of belated return: Typically, the last date to file income tax return is …

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
3 months, 3 weeks ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint  

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
3 months, 3 weeks ago

Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

Live Mint  

The Ministry of Finance on Thursday, December 12, announced that the issuance of tax refunds had increased 46.31 per cent during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24, reported the news agency ANI. At its peak, the income tax return portal handled over 900 filings in a …

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details
4 months, 3 weeks ago

Income Tax Deadline: Last one week left to file tax return for THESE taxpayers. Check details

Live Mint  

Taxpayers who are meant to get their accounts audited have only one week left to file their income tax return for AY 2024-25. The last date to file income tax return for these taxpayers is November 15. The income tax department recently issued a statement that says that it's the last week left for taxpayers whose accounts are audited or …

ITR refund pending? Tax dept legally has time until 2025 to process it
7 months ago

ITR refund pending? Tax dept legally has time until 2025 to process it

Business Standard  

The Income Tax Department is processing millions of returns – a task that can take until the end of 2025 to complete for some taxpayers. If the refund is delayed beyond these periods, the taxpayer is entitled to receive interest on the refund amount as per Section 244A of the Income Tax Act,” he said. Interest on Income Tax refund …

What should you do if you get an income tax notice after ITR filing? Know here
7 months, 4 weeks ago

What should you do if you get an income tax notice after ITR filing? Know here

India TV News  

ITR 2024: The deadline for filing Income Tax Returns ended on July 31, with around 7.28 crore people in the country submitting their returns. Here’s what to do if you receive a notice from the Income Tax Department: What should you do after receiving income tax notice? Verify all the details in the notice from the Income Tax Department, such …

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’
8 months ago

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’

Hindustan Times  

As the deadline for filing income tax returns ends on Wednesday, July 31, many last-minute filers encountered technical glitches on the income tax portal. Many taxpayers tagged software giant Infosys that has developed the income tax portal. I respectfully request that you initiate portal improvements starting tomorrow and ensure a seamless and efficient experience for taxpayers in the next year,” …

Extend ITR Filing Deadline To Aug 31; Tax Practitioners Urge Amid Portal Issue, Flood and Landslide
8 months ago

Extend ITR Filing Deadline To Aug 31; Tax Practitioners Urge Amid Portal Issue, Flood and Landslide

News 18  

ITR Filing Last Date 2024: The All-India Federation of Tax Practitioners has requested the Central Board of Direct Taxes to extend the deadline of filing Income Tax returns by a month to August 31 for the assessment year 2024-25. In a memorandum, AIFTP national president Narayan Jain and Direct Tax Representation Committee chairman S M Surana said floods in several …

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date
8 months ago

Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date

India TV News  

The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds. For individuals with net taxable income of more than Rs 5 lakh for the financial year 2023-24, filing a belated return may …

ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department
8 months, 1 week ago

ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department

India TV News  

The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns have been filed on the e-filing portal so far this fiscal year. In a post on social media platform X, the IT Department said, "More than 5 crore ITRs for AY 2024-25 have already been received on the e-filing portal of the Income Tax Department …

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?
8 months, 2 weeks ago

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?

Hindustan Times  

The deadline for filing income tax returns in 2024 is set on July 31. The Income Tax Department's website noted, “Over 2.7 crore ITRs have been filed as on 14 July 2024, which is 13% more compared to returns filed during the same period last year. While the milestone of filing of 1 crore of ITRs for AY 2024-25 arrived …

ITR Filing 2024: How can you verify your income tax return? A step-by-step guide
8 months, 2 weeks ago

ITR Filing 2024: How can you verify your income tax return? A step-by-step guide

Live Mint  

Verifying your Income Tax Return after filing is crucial, and fortunately, the Income Tax Department offers several convenient methods to complete this process. Electronic Verification Code : The EVC method provides an alternative for online verification of your ITR on the e-filing portal. The Income Tax Department promotes online verification to achieve a faster and more efficient ITR filing system. …

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?
8 months, 4 weeks ago

ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?

News 18  

Filing your income tax return is not just a financial formality; it is a crucial responsibility for every taxpayer in India. As we approach the July 31, 2024, deadline to file the income tax return, it is essential to understand why filing your ITR well before the deadline can significantly benefit you. Conclusion “Filing your Income Tax Return well before …

Filing Your Income Tax Return: Here Are Important Dates And Potential Penalties
8 months, 4 weeks ago

Filing Your Income Tax Return: Here Are Important Dates And Potential Penalties

ABP News  

July is a critical month for individual taxpayers as the deadline to file income tax returns for the financial year 2023-24, corresponding to the assessment year 2024-25, is July 31, 2024. Key Differences: Financial Year vs. Assessment Year The financial year spans from April 1 to March 31, during which income is earned. Understanding the Income Tax Return An ITR …

Income Tax Return (ITR) 2023-24: 6 Essential points and 6 tips for error-free filing
9 months, 1 week ago

Income Tax Return (ITR) 2023-24: 6 Essential points and 6 tips for error-free filing

Hindustan Times  

One should always pay attention to every minute detail while e-filing ITR for a hassle-free experience, especially with the tax regimes, deductions and benefits changing every year, Business Today wrote. Representational “Filing an income tax return is not a cakewalk for everyone," said Vikas Dahiya, Director of All India ITR, according to Business Today. "For many people not familiar with …

ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?
9 months, 2 weeks ago

ITR Return Filing: Should you file ITR if your income is less than ₹7 lakh?

Hindustan Times  

If your gross taxable income exceeds basic exemption limit, it is mandatory for you to file an income tax return. But this does not mean you have to pay income tax as there is a tax rebate under section 87A of the Income tax Act, 1961 owing to which you are eligible if your net taxable income does not exceed …

Submitted wrong ITR form? Know how many times you can revise return
9 months, 4 weeks ago

Submitted wrong ITR form? Know how many times you can revise return

Live Mint  

Correcting any mistakes or omissions in your initial Income Tax Return is the aim of filing a revised ITR. An essential provision of the Income Tax Act of 1961 is Section 139, which permits you to file a revised ITR in case you discover mistakes or omissions in your initial return. Lowers the possibility of scrutiny: The possibility that the …

Delhi woman gets 6 months jail for failing to file ITR on ₹2 crore income
1 year ago

Delhi woman gets 6 months jail for failing to file ITR on ₹2 crore income

Hindustan Times  

A Delhi Court sentenced a woman to six months in jail for not filing a return on income of ₹2 crores after a complaint was filed by the Income Tax Office alleging that TDS amounting to Rs. The court sentenced Savitri noting, “The convict is awarded a sentence of simple imprisonment for six months with a fine of ₹5,000 and …

Record 8.18 crore ITRs filed so far in AY 2023-24: Finance Ministry
1 year, 3 months ago

Record 8.18 crore ITRs filed so far in AY 2023-24: Finance Ministry

Hindustan Times  

The number of income-tax returns filing reached a record 8.18 crore for the assessment year 2023-24 up to December 31, 2023 as compared to 7.51 crore in the same period previous year, Union finance ministry said quoting data of the Income-Tax Department. To encourage taxpayers to file their ITRs and Forms early, over 103.5 crore outreaches were made through targeted …

Last day for filing Income Tax Returns for FY 2022-23 ends on December 31
1 year, 3 months ago

Last day for filing Income Tax Returns for FY 2022-23 ends on December 31

Live Mint  

Income Tax Return Filing Last Date: As the deadline approaches on December 31 for filing Income Tax Returns for the financial year 2022-23, taxpayers are strongly encouraged to take swift action and submit their returns by today. Should you miss the December 31 deadline for belated Income Tax Returns, you have the option to submit updated ITRs. The Finance Act …

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing
1 year, 6 months ago

I-T dept. asks taxpayers to respond to intimation of past tax demands for faster refund processing

The Hindu  

The Income Tax department on Saturday asked taxpayers to respond to its intimation regarding outstanding demands of previous years to facilitate faster clearance of refunds for the 2022-23 fiscal. With some taxpayers taking to social media about receiving intimation from the I-T Department regarding past unsettled tax demands, the department, in a post on ‘X’ said, this is a taxpayer-friendly …

Average income tax return processing time reduced to 10 days. Details here
1 year, 6 months ago

Average income tax return processing time reduced to 10 days. Details here

Live Mint  

The average processing time for Income Tax Returns has significantly improved over the years as reported on the CNBCTV18 site. This is a remarkable improvement compared to the 82-day processing time in the Assessment Year 2019-20 and the 16-day processing time in the Assessment Year 2022-23. As per the Department's statement, out of the 6 crore 98 lakh ITRs filed …

Average processing time of Income Tax Returns reduced to 10 days, says CBDT
1 year, 6 months ago

Average processing time of Income Tax Returns reduced to 10 days, says CBDT

India TV News  

Income Tax Returns update: The average time taken to process income tax returns has come down significantly to just 10 days now. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the CBDT said on Tuesday. Big change in average processing …

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5
1 year, 6 months ago

CBDT processed 88 per cent ITR, refunds over Rs 2.45 crore issued till September 5

Firstpost  

“More than 6 crore ITRs of AY 2023-24 have been processed out of the verified ITRs as on September 5, resulting in processing of over 88% of the verified ITRs” CBDT said in a statement. The Income Tax Department has processed refunds of over Rs 2.45 crore for 6.84 crore verified Income tax returns, bringing down the average processing time …

ITR verification: Income tax department has this important message for taxpayers
1 year, 7 months ago

ITR verification: Income tax department has this important message for taxpayers

Live Mint  

ITR verification: If you do not e-verify your income tax return, the filing process is treated as incomplete and your ITR becomes invalid. The income tax department has urged taxpayers to not delay and complete the e-filing process today. Effective August 2023, the income tax department has made it mandatory for tax filers to e-verify their returns within 30 days …

Income tax: No ITR refund till you verify it. Here’s how to e-verify it
1 year, 8 months ago

Income tax: No ITR refund till you verify it. Here’s how to e-verify it

Live Mint  

Income tax news: If you have been wondering why your income tax return has not been processed yet or why there has been a delay in getting tax refund, first check whether you have e-verified your ITR. Effective August 2023, the income tax department has made it mandatory for tax filers to e-verify their returns within 30 days of filing …

ITR filings touch all-time high of 67.7 mn, up 16% from last year
1 year, 8 months ago

ITR filings touch all-time high of 67.7 mn, up 16% from last year

Live Mint  

New Delhi: The number of income tax returns filed in the assessment year 2023-24 touched an all-time high of more than 67.7 million, which is 16% higher than the total ITRs filed during the previous assessment year’s 58.3 million. The income tax department on Tuesday said in a statement that it received 5.37 million ITRs from the first-time filers, a …

Income Tax Department claims record 6.77 crore ITRs filed till July 31 for Assessment Year 2023-24
1 year, 8 months ago

Income Tax Department claims record 6.77 crore ITRs filed till July 31 for Assessment Year 2023-24

India TV News  

The income tax department on Monday stated that a record 6.77 crore income tax returns for the Assessment Year 2023-24 were filed till July 31 this year, including 53.67 lakh first-time payers. It further stated that July's income tax returns are 16.1 per cent more than the total ITRs for Assessment Year 2022-23. "The total number of ITRs for AY …

6.77 crore IT returns, a surge of 16.1%, filed by July 31
1 year, 8 months ago

6.77 crore IT returns, a surge of 16.1%, filed by July 31

The Hindu  

The number of Income Tax Returns filed by the July 31 deadline touched a new high of 6.77 crore this year, 16.1% higher than a year ago, with 53.67 lakh taxpayers filing returns for the first time. A little less than 10% of all return filings took place on July 31, the last date for filing without penal levies, as …

ITR filing last date today: 26.74 lakh income tax return filed till 4 pm
1 year, 8 months ago

ITR filing last date today: 26.74 lakh income tax return filed till 4 pm

Firstpost  

If you miss to file your ITR before the deadline, you can file a belated ITR. However, you would be required to pay the penalty for late filing On the last day of filing of income tax returns, 26.74 lakh ITRs have been filed upto 4 pm. 26.74 lakh ITRs have been filed upto 4 pm today and 3.84 lakh …

ITR last date today: Over 6 crore returns filed. Support available 24x7, says IT dept
1 year, 8 months ago

ITR last date today: Over 6 crore returns filed. Support available 24x7, says IT dept

Hindustan Times  

ITR Filing 2023 LIVE Updates: July 31, the last date to file income tax returns for the financial year 2022-23, has arrived, and there is no hint or indication yet from the government on whether there will be an extension to the deadline. There is no hint from the govt yet on whether the deadline will be extended On Sunday, …

ITR filing last date today: What to do if you miss the July 31 deadline?
1 year, 8 months ago

ITR filing last date today: What to do if you miss the July 31 deadline?

India TV News  

The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today According to the Income Tax Department on Sunday, over 6 crore tax returns have been filed for the previous year, and over 11 lakh returns have been filed upto 12 pm on …

Taxpayers Rush to File ITRs as Deadline Nears, 5.83 Crore Filings Reported
1 year, 8 months ago

Taxpayers Rush to File ITRs as Deadline Nears, 5.83 Crore Filings Reported

Deccan Chronicle  

As the deadline for filing Income Tax Returns approaches, a staggering number of taxpayers have rushed to meet the cut-off. The Income Tax Department has reported an overwhelming response, with 5.83 crore ITRs filed till 1 pm on Sunday, surpassing the total number of filings recorded on the same day last year. According to Income Tax India, 10.39 lakh ITRs …

File your Income Tax Returns online before the deadline: Check last-minute ITR filing tips here
1 year, 8 months ago

File your Income Tax Returns online before the deadline: Check last-minute ITR filing tips here

India TV News  

As the deadline for filing Income Tax Returns approaches, individuals who earn, whether they are salaried, self-employed, part of a Hindu Undivided Family, or work for multinational corporations or firms, are reminded of their primary responsibility to declare their income and pay taxes. The Income Tax Return serves as an official declaration of a taxpayer's income and serves as a …

Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data
1 year, 8 months ago

Over 6 crore Income Tax Returns filed for 2022-23 fiscal: Government data

India TV News  

Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31. Giving statistics on the …

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today
1 year, 8 months ago

Income Tax Day 2023: Nirmala Sitharaman to lead the celebration today

Live Mint  

On the occasion of 164th Income Tax Day celebrations, Finance Minister Nirmala Sitharaman will join the celebration at Plenary Hall, Vigyan Bhawan, New Delhi on Monday. @nsitharaman will preside over the 164th Income Tax Day celebrations in the presence of Union Minister of State for Finance Shri @mppchaudhary, tomorrow, 24th July 2023, from 18.00 Hours IST onwards at Plenary Hall, …

Income tax return: As deadline approaches, know which form to use for ITR filing
1 year, 9 months ago

Income tax return: As deadline approaches, know which form to use for ITR filing

Hindustan Times  

The deadline to file the Income Tax Return for the financial year 2022-23 is July 31. ITR form 1: Taxpayers and individual residents earning an income of up to ₹50 lakh from salary, income from one house property, other sources such as interest or dividend, and agricultural Income up to ₹5,000. ITR form 2: Individuals and Hindu Undivided Family with …

ITR Filing: What is ITR-6, how to file online for AY 2023-24
1 year, 9 months ago

ITR Filing: What is ITR-6, how to file online for AY 2023-24

India Today  

An income tax return is basically a document that is filed as per the provisions of the Income Tax Act, reporting one’s income, profits and losses, and other deductions as well as details about a tax refund or tax liability. Companies, except those claiming exemption under section 11 due to their income from the property being held for charitable or …

68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20
2 years ago

68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20

The Hindu  

As many as 68,000 cases have been picked up for e-verification by the income tax department for unreporting or under reporting of income in tax returns for 2019-20 fiscal, CBDT chief Nitin Gupta said on Monday. The taxpayer can reply to the tax department giving explanation for the mismatch or can file updated returns if they feel the mismatch flagged …

Income Tax Return Filing: How to file ITR - step-by-step guide
2 years, 2 months ago

Income Tax Return Filing: How to file ITR - step-by-step guide

India TV News  

ITR details the person's income and the taxes they will have to pay throughout the year. The Income Tax Department will typically require a form to be completed and submitted along with supporting documents like investment proofs, bank statements, and salary slips. Send the ITR form in: To the Income Tax Department, submit the completed ITR form and all supporting …

ITR filing: How long one should keep income tax return documents?
2 years, 2 months ago

ITR filing: How long one should keep income tax return documents?

Live Mint  

ITR filing: Filing income tax return is one of the most important responsibilities of an earning individual. However, keeping one's income tax return-related documents is also important to answer any query of the income tax department in future and avoid action under the Black Money Act 2015. However, the income tax department has power to send notice under income escaping …

'How to file ITR online' one of the biggest searches in 2022: Check step-by-step process here
2 years, 3 months ago

'How to file ITR online' one of the biggest searches in 2022: Check step-by-step process here

Firstpost  

The search for “How to file ITR online” surged the most from 24-30 July, according to Google Trends data. One of the biggest searches in 2022 was “How to file ITR online” as per Google’s “Year in Search 2022” report. According to the data from Google Trends, the search “How to file ITR online” surged the most between 24-30 July. …

ITR filing deadline for 2022-23 for businesses extended till 7 November
2 years, 5 months ago

ITR filing deadline for 2022-23 for businesses extended till 7 November

Firstpost  

Earlier, the last date for filing ITR by companies who are required to get their accounts audited was October 31 New Delhi: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The Central Board of Direct Taxes, the apex decision-making body in matters of income and …

FinMin extends ITR filing deadline for companies till Nov 7
2 years, 5 months ago

FinMin extends ITR filing deadline for companies till Nov 7

Deccan Chronicle  

NEW DELHI: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The Central Board of Direct Taxes, the apex decision-making body in matters of income and corporate tax, in a notification said since it had last month extended the deadline for filing audit reports, hence the …

You can be fined even if you file your income tax return before deadline
2 years, 7 months ago

You can be fined even if you file your income tax return before deadline

Hindustan Times  

The deadline to file income tax returns ended on July 31. The income tax department said nearly six crore returns were filed till the deadline. You can be fined ₹5,000 for late filing in case you failed to verify your income tax return. The date when a taxpayer e-verifies the income tax return will be considered the date for filing …

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