ITR filing 2024 LIVE Updates: Has ITR deadline for FY2024 been extended?

ITR filing 2024 LIVE Updates: Online platforms like Clear Tax2Win, TaxBuddy, Quicko, and others charge between ₹500 to ₹1,000 for ITR filing.

ITR filing 2024 LIVE Updates: Individual taxpayers who have paid more taxes than required are eligible to receive a tax refund. For this, you have to file your ITR by July 31, 2024, for FY 2023-24 (AY 2024-25).

ITR filing 2024 LIVE Updates: Form 16 is mandated under Section 203 of the Income-tax Act, 1961. It is issued by employers regarding tax deduction at source (TDS) from an employee’s salary during a financial year. It provides a detailed account of the salary paid and the TDS amounts remitted to the government against the employee’s PAN.

ITR filing 2024 LIVE Updates: If the Income Tax return is furnished before 31st December of the assessment year, the penalty is ₹5,000 but it cannot exceed the amount of TDS/TCS. Moreover, if there is under-reported income, the penalty can be 50% of the amount of tax payable on that under-reported income.

ITR Filing Last Date Extension LIVE: Today, July 31, is the last date to file an income tax return (ITR) for the financial year 2023-24 for taxpayers who are not required to audit their incomes.