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I-T clause to ensure MSMEs are paid on time creates hurdle

I-T clause to ensure MSMEs are paid on time creates hurdle
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Not yet filed ITR for FY23? December 31 is your last chance to file belated income tax returns

If you miss the final deadline of December 31, a penalty can be imposed and interest levied ....

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itr: What is the last date to file ITR-U? - The Economic Times

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. ....

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TDS deducted in wrong FY? New income tax form to help you get it corrected Oct 1 onwards

The Central Board of Direct Taxes (CBDT) has notified a new Income tax form- Form 71. This form will help taxpayers resolve their problem of TDS claim when it was deducted in a wrong financial year. One need not approach the tax deductor and request them to revise their TDS return. Income tax department will directly help now. ....

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Six income tax notices a salaried individual can get

An income tax notice is an official communication from the income tax department. It is not a cause of worry if an individual reads the notice carefully and corrects the defects mentioned in the notice. Read here to know in detail what do different types of notices actually mean and by when they could be served. ....

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