February 5, 2025
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income tax return

ITR filing deadline: Don’t miss December 31, 2024 deadline for revised, belated tax returns – here are the consequences – Times of India

ITR filing deadline: Don’t miss December 31, 2024 deadline for revised, belated tax returns – here are the consequences – Times of India

Bhavesh Mathur07 mins

[ad_1] If one fails to submit a belated return by December 31, 2024, specific consequences apply. ITR filing deadline: December 31, 2024, marks the final deadline for submitting belated and revised income tax returns for FY 2023-24 (AY 2024-25). Whilst various taxpayer categories have distinct ITR filing deadlines, the final date for belated and revised…

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Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income – Times of India

Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income – Times of India

Bhavesh Mathur03 mins

[ad_1] An expanded and stricter tax collection and TDS system has helped identify significant transaction. (Image source: Freepik) Income Tax Department’s extensive crackdown! Over the past 20 months, the Income Tax Department has collected Rs 37,000 crore from individuals who had taxable income but failed to file returns, according to officials.Officials analysed data on substantial…

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