The Income Tax Department is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This ...
Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 ...
With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...
The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.
Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.
The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby directed to forthwith issue requisite notification under Section 119 of the ...
The countdown for the union budget has officially begun as we enter the new year. As Finance Minister Nirmala Sitaraman will ...
The CBDT has extended the deadline for filing income tax returns for residents to January 15, 2025, from December 31, 2024, ...
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised Income Tax Returns (ITRs) ...
Taxpayers now have the option to submit rectification requests online, even if their Income Tax Returns (ITRs) are under ...
Even if your return has been processed and you have received a refund or paid any additional tax that may have been demanded, you can revise your return.