Union finance minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday. I propose to provide enhanced limits of ` 3 crore and ` 75 lakh respectively, to the tax payers whose cash receipts are no more than 5 per cent. It is proposed to make amendments relating to exemption provided to charitable trusts and institution to …
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 …
