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Articles for Belated, search results for tax

Income Tax Deadline! Last one week to file revised, belated return
3 days, 3 hours ago

Income Tax Deadline! Last one week to file revised, belated return

Live Mint  

Taxpayers must note that the deadline for filing a belated income tax return or submitting a revised return for the assessment year 2024-25 is fast approaching. Revised ITR If you have made an error in your initial income tax return filing, you can file a revised return under section 139 of the Income Tax Act. These are some of the …

Tax Income Filing File Itr Return Revised
Missed income tax section 87A rebate? Here's your chance to claim it for FY 2023-24
Trending News
1 week, 2 days ago

Missed income tax section 87A rebate? Here's your chance to claim it for FY 2023-24

India Today  

The Income Tax Department has introduced significant relief for taxpayers eligible for the Section 87A rebate for FY 2023-24 who were previously unable to claim it. Announced late on December 31, 2024, via the ITR e-filing portal, the department confirmed that eligible taxpayers would soon be able to file revised or belated ITRs through the ITR filing utility or online …

Tax Itr Rebate Eligible Taxpayers Section 87A Eligible Taxpayers
ITR Filing: Authorities Extend Last Date For Submitting Belated Tax Returns. Check The New Date Here
Trending News
1 week, 4 days ago

ITR Filing: Authorities Extend Last Date For Submitting Belated Tax Returns. Check The New Date Here

ABP News  

The Central Board of Direct Taxes extended the deadline for taxpayers to file their belated or revised income tax returns for the 2024-25 Assessment Year. The authorities informed that the last date for submitting the belated or revised IT returns for individuals is now January 15, 2025. Issuing a circular, the finance ministry said, “The Central Board of Direct Taxes, …

Tax 2024 Submit Itr Return Deadline Last Date
ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15, 2025
1 week, 4 days ago

ITR filing: Deadline of 'Vivad Se Vishwas' extended, revised and belated filing now till January 15, 2025

India TV News  

The Income Tax Department has extended the 2024 deadline for the Vivad Se Vishwas Scheme 2024 to January 31, 2025. Originally scheduled to end on December 31, 2024, the extension gives taxpayers additional time to resolve low-level tax disputes avoiding a 10 per cent penalty for late filings. Benefits of extension of time Announced in Budget 2024, the Vivadase Vishwas …

Income Tax Se Vishwas Vishwas Extended Se Vishwas Extended
Belated Filing Of Form 9A Is Not Attributable To Trust: Bombay HC Allows Exemption U/S 11 After Condoning Delay Under IT Act
2 weeks, 1 day ago

Belated Filing Of Form 9A Is Not Attributable To Trust: Bombay HC Allows Exemption U/S 11 After Condoning Delay Under IT Act

Live Law  

The Bombay High Court held that bonafide delay in filing Form 9A on part of trust, has to be construed as procedural lapse and shall be condoned by exercising powers u/s 119 of Income tax Act. The Division Bench of Justice G S Kulkarni and Justice Advait M Sethna observed that that the jurisdictional AO completely lost sight of the …

Application Income Delay Form Bench Filing Assessee
No Penalty Can Be Levied U/S 271B Of IT Act If No Prejudice Is Caused To Dept On Account Of Belated Furnishing Of Audit Report: Kerala HC
2 weeks, 2 days ago

No Penalty Can Be Levied U/S 271B Of IT Act If No Prejudice Is Caused To Dept On Account Of Belated Furnishing Of Audit Report: Kerala HC

Live Law  

The Kerala High Court held that circumstances under which AO can absolve a taxpayer from payment of penalty u/s 271B are discernible from a reading of Sec 273B, which states that no penalty can be imposed on an assessee u/s 271B for breach of the provisions, if he proves that there was "reasonable cause" for the said failure. The Division …

Penalty Audit Delay Report Cause Sec Bench
HC comes to taxpayers’ aid, postpones ITR filing deadline
2 weeks, 5 days ago

HC comes to taxpayers’ aid, postpones ITR filing deadline

Hindustan Times  

MUMBAI: The Bombay high court on Friday directed the Central Board of Direct Taxes to extend the date for e-filing of belated income tax returns for taxpayers required to file by December 31, 2024. A bench of justice Devendra Upadhyaya and justice Amit Borkar, while listening to a Public Interest Litigation filed by the Chamber of Tax Consultants through its …

India Mumbai Tax Itr Taxpayers
Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
3 weeks, 2 days ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

India Today  

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Tax 2024 Filing File Original Belated Belated Return
Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
3 weeks, 2 days ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Tax Income Interest File Itr Ensure Your Income
Belated Income Tax Return: You can file it before Dec 31. Check details
3 weeks, 5 days ago

Belated Income Tax Return: You can file it before Dec 31. Check details

Live Mint  

If you missed filing your income tax return before July 31 then you do not need to fret! For the financial year 2023-24, while the last date of filing income tax return for individual taxpayers was July 31, one can file it before Dec 31 after paying a fee. If you are filing a belated income tax return then you …

Tax Filing File Itr Return Income Tax Return Tax Return
Rs 5,000 late fee: Your last chance to file belated ITR before December 31, check steps here
1 month ago

Rs 5,000 late fee: Your last chance to file belated ITR before December 31, check steps here

India TV News  

Taxpayers who failed to file their Income Tax Return for the financial year 2023-24 still have an opportunity to file their Income Tax Return. However, there is now a late fee of Rs 5,000 for filing as per Section 234F of the Income Tax Act. Late Fee on income below Rs 5 lakh: The late payment of Rs 1,000 will …

Tax Income Fee Lakh File Itr Return
December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know
Trending News
1 month, 1 week ago

December 2024 money deadlines: Belated ITR, free Aadhaar update, special FD rates revision, and key dates you MUST know

Live Mint  

Many financial deadlines are approaching as we are just a month away from the new year. From revised FD rates to deadlines related to Aadhaar updates and income tax returns, people need to keep a few dates in mind in December. Under this FD scheme, the general public will get interest rates of 7.05%, 7.25%, 7.35%, and 7.20% for 300 …

Aadhaar Bank Interest Rates Interest Rates Itr Update
ITR Filing 2024: What Happens If You Miss The July 31 Deadline? All About Belated ITR
5 months, 1 week ago

ITR Filing 2024: What Happens If You Miss The July 31 Deadline? All About Belated ITR

ABP News  

The deadline for filing Income Tax Returns is fast approaching, with the final date set for July 31 this year. If you miss the July 31 deadline for filing your ITR, you can still file a belated return by December 31, 2024. Missed Deadline Consequences If individuals fail to meet the July 31 deadline, they have until December 31, 2024, …

Tax Itr Deadline
Filing Return By Due Date U/s 139 Is Mandatory For Political Party To Claim Exemption U/s 13A: Delhi ITAT Refuses To Stay Recovery Against Congress Party
10 months ago

Filing Return By Due Date U/s 139 Is Mandatory For Political Party To Claim Exemption U/s 13A: Delhi ITAT Refuses To Stay Recovery Against Congress Party

Live Law  

While holding the argument that an assessee is entitled to a stay on the recovery proceedings on payment of 20% of the demand during the pendency of appeal before the Tribunal, as too general, the New Delhi ITAT dismisses the stay application of Indian National Congress treating it as meritless. At the same time, on the merits of the matter, …

Recovery Party Income Tribunal Act Bench Political Party
Do taxpayers lose out on deduction benefits on filing late income tax returns? We explain
1 year, 4 months ago

Do taxpayers lose out on deduction benefits on filing late income tax returns? We explain

Live Mint  

The cutoff for submitting the Income Tax Return for the fiscal year 2022-23 was July 31, 2023. While numerous taxpayers are considering submitting a late return with a penalty, a significant number are apprehensive about the possibility of their tax refund request being declined in the event of a delayed ITR submission. Submitting a delayed ITR incurs a late fee, …

Income Tax Pan Late Income Tax Return Return Itr Belated Submitting
From ‘belated ITR filing’ to changes in rules of Axis Bank credit card: Financial updates for August
1 year, 5 months ago

From ‘belated ITR filing’ to changes in rules of Axis Bank credit card: Financial updates for August

Hindustan Times  

The end of July is approaching, which also means the deadline for filing your Income Tax Return is coming up soon. Apart from this, there are some other important financial details for the month of August, such as changes in Flipkart Axis Bank credit card rules, bank holidays, and other relevant information that you should be aware of. ITR filing …

Holidays Bank Income Card Itr Return Deadline
Missed December 31 Deadline To File Belated Tax Returns? Know What To Do
2 years ago

Missed December 31 Deadline To File Belated Tax Returns? Know What To Do

ABP News  

The deadline for filing your belated tax return was on December 31. Individual taxpayers, who could not file their Income Tax Return before the due date of July 31, 2022 had the option to file returns by December 31, 2022 by paying a fine of up to Rs 5,000 as a late fee for filing it late, which would get …

Tax Income Filed File Itr Return Updated
Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file
2 years ago

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file

Live Mint  

Do not forget to file your income tax returns for financial year 2021-22 amid the festivities of the new year if you haven't already. Assessees must file belated ITRs under Section 139 of the Income Tax Act, 1961. While filing belated ITRs, taxpayers must ensure that they select Section 139 in the tax return form and that the applicable penalty …

Tax Penalty Income Tax Income Filed Filing File
Income Tax Return Filing AY 2022-23: December 31 Is Last Date For Filing Revised, Belated ITR
2 years ago

Income Tax Return Filing AY 2022-23: December 31 Is Last Date For Filing Revised, Belated ITR

News 18  

Deadline For Revised and Belated ITRs: Now that 2022 is ending and the new year 2023 is going to start in about a week, the window for filing the revised or belated ITR is also going to be closed on December 31. So, if you could not file your income tax return by July 1, 2022, or had filed the …

Tax Income Tax Income Date Filed Filing Return
How to file ITRs when it’s belated, revised, updated
2 years, 3 months ago

How to file ITRs when it’s belated, revised, updated

Live Mint  

Income Tax Return filing has three different due dates u/s 139 of Income Tax Act. Belated return can be filed till 31 December of the relevant AY u/s 139 of IT Act subject to completion of assessment. Revised Return If a taxpayer has filed original or belated ITR but later discovers an omission or wrong statement in it due to …

Tax Date Filed Return Updated Revised Belated
Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns
2 years, 3 months ago

Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns

Live Mint  

Income tax, IT department, income tax return, ITR filing- all of these terms can get confusing at at a point. Revised ITR Imagine that you hastily submitted your return before July 31, 2022, only to discover that you neglected to add some income and made a few mistakes.You can file a revised return in this situation to update your income …

Tax Income Tax Income File Itr Updated Income Tax Return
TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR
2 years, 5 months ago

TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR

Business Standard  

Two Boeing 737 Max aircraft, bearing the logo of Akasa Air, took off from the runways of Mumbai and Ahmedabad airports on Sunday, hotting up competition in the Indian sky. Apart from keeping the fares low, what other strategy the Rakesh Jhunjhunwala-backed budget carrier is adopting to stay afloat? Rakesh Jhunjhunwala celebrated the launch of Akasa airline with a huge …

Delhi
What is belated ITR filing?
2 years, 5 months ago

What is belated ITR filing?

Business Standard  

The income tax return filing deadline, 31 July, has passed and over 58.3 million returns were filed for the Assessment Year 2022-23. If you are one of those who didn't file an income tax return before the deadline, you can still file it on or before three months prior to the end of the relevant assessment year. Filing belated returns …

Tax Filing File Itr Return Taxpayer Itr Filing
Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do
2 years, 5 months ago

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do

News 18  

ITR Filing AY 2022-23: The due date to file income tax return has already passed on July 31, Sunday. according to the government rule under the Finance Act, taxpayers can file income tax returns after the due date. Those who have already filed their income tax returns are also eligible to file a revised return if there was a gap …

Tax Income Tax Income Filing File Itr Return