July 2024 steps will shape tax deductions and exemptions that can be claimed when filing an Income Tax Return (ITR) in July ...

File your income tax return by December 31 to avoid penalties, jail term, and higher TDS rates. Be compliant to avoid ...

For those whose income falls within the tax-free limit, submitting this declaration incurs no tax liability ... tax-free ...

He pointed out that all businesses registered for Corporate Tax must file their tax returns periodically within the deadlines set by the FTA under the Corporate Tax Law. His Excellency noted that the ...

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty amount is Rs 1,000.

A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

updating income, and needing to make changes to tax liability. The IRS's Interactive Tax Assistant has a quiz that will help you determine whether you should file an amended return. But it's ...

If you missed the deadline, you can still file a belated ITR, but under Section 234F of the Income Tax Act, a late fee of Rs ...