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Missed the ITR Filing Deadline? Here’s What Happens If You Don’t File Your Return on Time
If you missed filing your Income Tax Return (ITR) this year, don’t panic just yet. The Income Tax Department still allows taxpayers to file a belated return until December 31, 2025. However, there are ...
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ITR filing after due date: Do you need to pay a late fee even if you have nil tax liability?
Once the deadline for filing the Income Tax Return (ITR) has passed, taxpayers have the option to submit a belated ITR till December 31, 2025, but they will incur a late fee. It’s important to note ...
Overview: Paper tax filing remains an option for taxpayers who prefer reviewing forms and details manually before submitting their return.The process includes d ...
Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...
The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...
Tax authorities initiated scrutiny and proposed addition solely because share acquisition details were not properly disclosed in the ITR. The case reinforces that for directors, the ITR functions as a ...
Budget 2026 proposes allowing taxpayers to file an updated return even after receiving a reassessment notice under Section 148. While this creates a compliance window to settle disputes, it also ...
An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account and treated as unexplained investment. The ITAT Mumbai deleted the addition after he ...
The Income Tax Department launches SAKSHAM NUDGE campaign to boost voluntary tax compliance in the food and beverage sector, uncovering ₹408 crore in suppressed sales.
Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...
The 2025 income tax return filing deadline is Wednesday, April 15, 2026. Payments and completed municipal income tax returns can be placed in the secure, drive-up drop box in the east curbed island of ...
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