assessment year 2023-24

ITR-U filing deadline on March 31: How taxpayers can avoid 50% extra tax with timely submission

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ITR-U filing deadline on March 31: How taxpayers can avoid 50% extra tax with timely submission

Taxpayers in India are racing against time to file their updated Income Tax Returns (ITR-U) for the financial year 2022-23 (assessment year 2023-24) before the critical deadline of March 31, 2025. The Income Tax Department has strongly urged individuals to ensure timely filing, emphasising that returns filed before this date will incur a lower additional … Read more

ITR filing: Rise in defective ITR notices noted this year. Check details, steps to address problem

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ITR filing: Rise in defective ITR notices noted this year. Check details, steps to address problem

Defective ITR: If your income tax return is found defective, the Income Tax Department will notify you of the defect through a notice issued under section 139(9) of the Income Tax Act. This notice will be sent to your registered email address or by post. You can access and view the notice by logging into the … Read more