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ITR MISSING PENALTY
What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
ITR filing 2026: Government releases ITR forms for AY 2026–27; check details of ITR-U and ITR-VNew Income Tax Return forms are now available for Assessment Year 2026-27. The updated ITR-U form allows taxpayers to correct past filings....
March 31 is deadline for updated ITR: Have unreported income, applied wrong rate of tax? File ITR-U with payment of additional tax, else be ready to pay higher penaltiesIndividuals can now file an updated Income Tax Return (ITR-U) to correct past errors, including unreported income or incorrect tax rates. T...
ITR filing last date for FY 2024-25 is not same for all: Check due dates for salaried individuals, professionals, companies, proprietorship firms, other taxpayersITR filing last date for FY 2024-25 (AY 2025-26): The last date for ITR filing varies for different categories of taxpayers under the Incom...
ITR filing last date FY2023-24: Missed ITR deadline or made mistake in ITR? File a revised, belated return by December 31, 2024ITR filing due date: December 31, 2024, is the last date to file belated and revised ITR for FY 2023-24 (AY 2024-25). A taxpayer can file a...
ITR filing deadline is November 15, 2024 for these taxpayers; file tax audit report before filing ITRIncome tax return: File your income tax return if you are liable to submit a tax audit report. The deadline for ITR filing is November 15, ...
Penalty for missing ITR filing last date: Who has to pay and who doesn'tPenalty for late filing ITR: Under the Income-tax Act, 1961, a penalty or a late filing fee is levied when a taxpayer misses the last date ...
Missed ITR filing deadline of July 31 for FY 2022-23? Don’t forget to file belated ITR by Dec 31If you have missed the income tax return (ITR) filing deadline of July 31, 2023, then you have time till December 31, 2023 to file a belate...
When is the last date to file a belated ITR?Now that the deadline for income tax return (ITR) filing is over, you can only file a belated ITR by paying a penalty and interest on the i...
What is the penalty for missing ITR filing deadline?Till FY 2019-20 (AY 2020-21), an individual was allowed time till the end of the financial year, i.e., March 31 to file belated ITR by payi...
ITR filing deadline missed? Check how much fine you will have to pay for filing belated ITRIf you miss the deadline of filing income tax return (ITR) for FY 2022-23 (AY 2023-24) i.e., July 31, 2023, then an individual has an optio...
What is last date of filing income tax return (ITR) for FY 2022-23 (AY 2023-24)?A taxpayer should try to file the income tax return before the expiry of the deadline. At present, income tax laws allow individuals to fil...
ITR Filing: Know income tax return (ITR) form applicable to you, penalty for missing the deadlineThe government has notified the income tax return forms for FY 2022-23 in February 2023. The income tax department is gradually releasing t...
What is the difference between belated, revised and updated ITRs?An individual can file original income tax return (ITR) on or before July 31, unless extended by the income tax department. However, it may...
Missing ITR filing deadline on Jan 10, 2021 will attract penalty twice that of last yearThe last date to file income tax return for FY 2019-20 is January 10, 2021. As per the income tax laws, a penalty of Rs 10,000 will be levi...
December 31 is the last date to verify your ITR. Have you done it?According to income tax laws, a taxpayer gets 120 days from the date of filing an income tax return (ITR) to verify his/her tax return. The...