Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

Submit proofs promptly to reduce TDS, maximise tax savings, and ensure smooth compliance before filing your ITR.

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

5. Failure to submit investment proofs: To understand the chronology, one must first declare the investments to the employer ...

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late ...

Extended due date for filing belated Income Tax Return till January 15, with penalties and consequences for non-filers.