Good news: Income tax dept to correct ITR forms to allow eligible ...
4 days ago · The Income Tax Department has announced good news for taxpayers who are eligible to claim section 87A tax rebate for FY 2023-24 but were unable to claim it. The tax department has announced this relief on the income tax return (ITR) e-filing portal late night on December 31, 2024. As per the announcement eligible taxpayers will be able to soon file a revised or belated income tax return to ...
ITR Filing Deadline: Income Tax Department extends belated, revised ITR ...
4 days ago · The Income Tax Department has extended the revised and belated income tax return (ITR) filing deadline to January 15, 2025 for Indian resident individuals. Individuals who have already filed an ITR on or before the deadline, they can file a revised ITR if required. Belated ITR is filed when the individual has not filed any ITR …
Last opportunity for eligible taxpayers to claim 87A tax rebate: …
18 hours ago · The section 87A tax rebate issue is of special interest and debate among taxpayers. The issue became so contentious that multiple court cases were filed against the tax department’s decision to deny eligible taxpayers the benefit of 87A tax rebate. The tax department seems to have taken a stance that if special rate incomes like short term capital gains income exists in the ITR then that ITR ...
Bombay HC Grants Big Relief To Taxpayers, Belated ITR Filing
Dec 23, 2024 · ITR Filing Deadline: In a key decision, the Bombay High Court has directed the Central Board of Direct Taxes (CBDT) to extend the deadline for filing belated and revised Income Tax Returns (ITR) for Assessment Year (A.Y.) 2024-25 from December 31, 2024, to at least January 15, 2025. The directive came in response to a Public Interest Litigation (PIL) filed by the Chamber of Tax Consultants ...
News & e-Campaigns - Income Tax Department
3 days ago · Enhancing Tax Transparency on Foreign Assets and Income. Refer annexure and step by step guide.
ITR filing 2024 LIVE Updates: Has ITR deadline been extended?
ITR filing 2024 LIVE Updates: The Income Tax Department has not yet extended the deadline for filing income tax returns for the Assessment Year 2024-25 or the financial year 2023-24. As of …
ITR Deadline Likely to be Extended Till August 31: Here's Why
Jul 26, 2024 · Last year, the country witnessed an unprecedented surge in ITR filings, with about 6.77 crore returns submitted by July 31, 2023. This record high underscored the growing compliance among taxpayers and the effectiveness of the tax administration’s efforts to streamline the filing process.
Big update from I-T dept as income tax return filing (ITR) deadline …
The income tax department on Saturday announced that over 5 crore tax returns for the Assessment Year 2024-25 have been filed so far through its e-filing portal, an 8% increase from the previous...
Press Release: Press Information Bureau
Aug 1, 2023 · The Income-tax Department appreciates the taxpayers and tax professionals for making compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), resulting in a new record of ITRs filed.
ITR filing deadline extension: Income tax department announces
T he Central Board of Direct Taxes (CBDT) has announced an extension for resident individuals to file their belated or revised Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. The ...