Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It ...
Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct ...
You did not file your ITR on September 15, 2025 due to any reason File your ITR now to prevent paying any late fee for ...
Taxpayers can claim exemptions on interest income under Section 80TTA (up to Rs 10,000 for those under 60) and Section 80TTB (up to Rs 50,000 for senior citizens).
The Central Board of Direct Taxes (CBDT) has now further extended the due date by a day to September 16, 2025. The e-filing ...
The CBDT had extended the ITR filing deadline for individual taxpayers to September 16, 2025. Filing after this date incurs ...
If the return was filed within the due date (16th September for FY 2024–25), the interest on the refund will be calculated ...
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Income Tax Alert: False ITR Refund Claims Can Lead to 200% Penalty, Interest and Jail – How to Stay Safe
Filing Income Tax Returns (ITR) honestly is not just a legal obligation but also a financial safeguard. The Income Tax ...
If your refund is delayed beyond a reasonable timeframe, you are entitled to compensation. The Income Tax Department pays an interest of 6% per annum on delayed refunds, calculated from April 1 of the ...
India Today on MSN
Missed the ITR deadline? You will now have to file under new tax regime
Wondering what happens if you miss the ITR filing deadline? Did you know you’ll automatically be shifted to the new tax ...
Individuals can claim the income tax refund if: - The advance tax is more than the actual tax liability. - The amount of the self-assessment tax exceeds the amount of tax due. - Your tax liability is ...
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