Under the Income Tax Act, persons from 60 years to less than 80 years of age are considered senior citizens. Apart from this, ...

A common mistake many people make is treating tax filing as a routine submission. But your ... ITR-7 — each meant for a specific category of taxpayers. Understand The Tax Regimes And Pick Wisely ...

ITR Last Date: Under the Section 270 of Income Tax Act, 1961, IT department can levy up to 50 per cent penalty ITR Last Date: The last date for filing the late Income Tax Return (ITR) is ...

(Photo/IE) Taxpayers must file their updated Income Tax Return (ITR-U ... Forvis Mazars in India, says this option is available only if it results in additional tax liability and cannot be ...

Submitting your ... Income Tax Return (ITR) in India is not only a legal requirement but also provides various benefits for taxpayers. Here's an overview of some major advantages: The deadline for ...

Taxpayers who receive salaries together with all other citizens can start preparing income tax returns for the previous ...

Filing Income Tax Returns (ITR) is a yearly obligation for every eligible taxpayer in India. With the ... or a business owner, filing your ITR accurately and on time is crucial to avoid penalties ...

It is not necessary to attach any documents while filing your returns ... not eligible to file ITR 1? The ITR- 1 form cannot be used by a person who has an asset outside India or who is earning ...

There are several benefits of independently filing ITRs on your own.(Reuters) The ITR is a declaration of one's income to be used for showing the taxes tat have to be paid during a financial year.

As a salaried individual with no income from a business or profession, it is important to select the appropriate form for filing your income ... hold assets outside India, ITR-2 is the appropriate ...

The employees may raise any concerns regarding non-deduction of TDS to their employers in case no such TDS is deducted,” says Suresh Surana, Founder, RSM India ... e-Filing portal using your ...

July is here, and while we are still 5 months away from the end of 2024, the deadline to file your ITR is July 31st, which is looming large. While it is best to not "file away" filing your income ...