Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after ...

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 ...

The CBDT has extended the deadline for resident individuals to file belated or revised Income Tax Returns for AY 2024-25 from ...

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

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 ...

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

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

CBDT extends the deadline for revised ITR filing to January 15, 2024. Late fees apply. GST annual return deadline remains 31.