Taxpayers are advised to file updated Income Tax Returns (ITR-U) promptly to avoid higher penalties. Filing by March 31, 2025, incurs a 25% additional tax plus interest, while filing later attracts a ...
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.
Income Tax: 90 lakh updated ITRs have been filed, as revealed by the government in Parliament. Get key insights on tax ...