Tag: Income Tax return

I-T Dept’s data analysis has nudged taxpayers to declare ₹30,298 crore of foreign assets, income

I-T Dept’s data analysis has nudged taxpayers to declare ₹30,298 crore of foreign assets, income

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A total of 24,678 taxpayers reviewed their ITRs and 5,483 taxpayers filed their belated return for the A.Y.2024-25. File. | Photo Credit: S. Siva Saravanan The Income Tax Department’s efforts to match data obtained from other countries, including Switzerland, with income tax returns (ITRs) filed in India has resulted in taxpayers reporting additional foreign assets […]

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File belated Income Tax returns for FY 2021-22 by December 31 to avoid penal action

File belated Income Tax returns for FY 2021-22 by December 31 to avoid penal action

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Photo used for representational purpose only. File | Photo Credit: Freepik December 31, 2022, will be the last date for filing belated Income Tax returns for the financial year ended 31.3.2022 (assessment year 2022-23). Post December 31, it will not be possible to file the belated returns and it will attract additional liability, according to […]

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