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ITR BUDGET 2022
Extend last date to file revised ITR for foreign tax credit in Budget 2024: ViewThe government in Budget 2021 reduced the time limit to file revised income tax return by three months i.e., from March 31 to December 31. ...
What happens if you miss the ITR filing deadline of July 31, 2023The rules regarding filing belated returns have been amended from FY 2020-21 (AY 2021-22). Read on to know what has changed and how will im...
Latest ITR forms have new section for cryptocurrency income: These details will be needed when filingThe new schedule for VDA requires details like date of acquisition, date of transfer head under which income to be taxed (capital Gain), co...
Missed ITR filing for FY 2021-22? You may be liable for higher TDS in current FY 2023-24The Union Budget 2022 has amended the existing laws after which missing ITR for even one year can lead to higher TDS/TCS in future financia...
What is the last date for filing ITR for FY 2022-23 (AY 2023-24)?It's important for taxpayers to understand that currently the ITR that is being filed is for the financial year 2022-23 which ended on Marc...
ITR: Missed deadline of December 31, 2022, to file these ITRs for FY 2021-22 (AY 2022-23)? Here’s what you can doDecember 31, 2022 was the last date for filing certain income tax returns. These include - belated ITR and reivsed ITR. However, if you hav...
E-filing of income tax return forms 1, 4 for FY2022-23 (AY 2023-24) has started via offline methodThe income tax return forms were notified by the Central Board of Direct Taxes (CBDT) in the February 2023, well after Budget 2023. This wa...
CBDT releases ITR forms for FY 2022-23 (AY 2023-24)There are no major changes in the ITR forms notified by the government. The income tax return forms will differ for taxpayers depending on ...
Last date for higher EPS pension, PAN-Aadhaar linking, investing in PMVVY, other money deadlines of 2023With the arrival of new year 2023, there are many deadlines which an individual should know. These deadlines are monetary which impacts you...
December 31, 2022, is last day to file belated, revised income tax returns for AY 2022-23Under the income tax laws if an individual has not filed income tax return for FY 2021-22 on or before July 31, 2022, then December 31, 202...
E-filing of updated ITR enabled for ITR 2, 3 for AYs 2020-21, 2021-22The income tax portal now allows the filing of updated ITRs (also known as ITR-U) for ITR forms 2 and 3 for the tax years 2020–21 and 2021–...
New income tax rules and other money related changes effective from April 1, 2022The beginning of the new financial year marks the changes in the income tax rules and others money changes. It is important to know new inc...
Did not file income tax return for FY 2020-21? You may be liable for higher TDS, TCS from Apr 1The law for higher TDS, TCS in case of not filing ITR was announced in Budget 2021 and amended in Budget 2022. If an individual does not fi...
Missing ITR filing for even 1 year can lead to higher TDS: Budget 2022The higher TDS/TCS law was announced in Budget 2021 and became effective from July 1, 2021. Higher TDS and/or TCS is applicable to those in...
Pay 25% to 50% penalty to update your income tax return upto 2 years later, says Budget 2022Currently, an individual gets time till December 31 (unless extended by the government) to update their ITR to provide a correct picture of...
Now get two year window for refiling income tax returnCurrently, an individual gets time only till 31 December 31 of the relevant assessment year to file a revised ITR.
What is the last date to file ITR?Under the current income tax laws, the deadline to file an income tax return varies for different categories of taxpayers such as individua...