Take care of the house, fulfil motherly duties and excel in their professional lives: How these expectations affect women's personhood and how they can tackle the issue.
An updated income tax return (ITR-U) can be filed within 24 months from the end of the relevant assessment year, provided the deadline for filing either revised ITR and belated ITR (if applicable) is already over. Further in certain specified instances ITR-U cannot be filed.
The Central Board of Direct Taxes, via a notification in July 2022, reduced the time limit for ITR verification from 120 days earlier to 30 days. The new law is effective from August 1, 2022, and will be applicable to all the ITRs filed on or after August 1, 2022. This includes ITR filed on or before July 31, 2023. However, missing the 30-day ITR-filing deadline can cost you Rs 5000.
According to the Income Tax Act, 1961 a homeowner can show in his/her income tax return (ITR) up to two houses as self-occupied. Read below to find out how is income from self-occupied house properties calculated.
The Central Board of Direct Taxes (CBDT) has extended the last date to link PAN with Aadhaar from March 31, 2023 earlier to June 30, 2023. There is a penalty amount to be paid to the income tax department before linking of PAN with Aadhaar. Will the government extend the deadline to link PAN with Aadhaar once again?