Income Tax : Section 349 is amended to permit belated return filing by NPOs through a reference to section 263(4). The change applies from AY 2...
Income Tax : Explains deadlines for belated returns and the updated ITR-U window, helping taxpayers avoid escalating additional tax under secti...
Income Tax : Article explains What is Belated Return, limitations of filing Belated application, consequences when submitting Belated return an...
Income Tax : The deadline to file Belated return is December 31, 2023, providing taxpayers with a second chance to meet their tax obligations i...
Income Tax : 1. Have you missed the ITR filing deadline in anticipation of another extension from 31st Dec 2021? No worries. You still have a c...
Income Tax : Learn about updated returns under Section 139(8A) of the Income Tax Act, including eligibility criteria, restrictions, and conditi...
Section 349 is amended to permit belated return filing by NPOs through a reference to section 263(4). The change applies from AY 2026–27, restoring flexibility available under the earlier tax law.
Explains deadlines for belated returns and the updated ITR-U window, helping taxpayers avoid escalating additional tax under section 140B.
Learn about updated returns under Section 139(8A) of the Income Tax Act, including eligibility criteria, restrictions, and conditions for furnishing updated returns.
Article explains What is Belated Return, limitations of filing Belated application, consequences when submitting Belated return and Steps to file Belated Return
The deadline to file Belated return is December 31, 2023, providing taxpayers with a second chance to meet their tax obligations if they missed the original due date. This extension comes as a welcome relief for individuals and businesses who, for various reasons, were unable to file their returns on time.
1. Have you missed the ITR filing deadline in anticipation of another extension from 31st Dec 2021? No worries. You still have a chance to file your ITR by 31st March 2022. The due date of ITR filing for individuals, whose accounts are not to be audited has been extended twice – first from the […]
Major amendment pertaining to Due date of Filing of Belated return or Revised return Rationalisation for Reducing time to file belated return and to revise original return and its effect on other provision of Income Tax With the massive technological upgrade in the Department where the processes under the Act are moving towards becoming faceless […]
As per the department of income tax, an income tax assesse who fails to file the return of income within the stipulated timeline can still submit the belated ITR. What is Belated return? Income tax return that is not furnished on or before the due date specified under Section 139 (1) is referred as belated […]
New financial year has begun and with this certain new income tax rules have come into effect. Let us discuss the changes applicable to individual tax payers related to Option to choose from Two tax regimes, Reduced period for filing the belated ITR or for revising your filed ITR, Inclusion of dividend income in ITR […]
Belated return (Return under section 139(4)) simply means filing of income tax return after due date or extended due date. Belated return can also be called as late return or delayed return. You must be aware that under the Income-tax Act, 1961, there is section 139 which casts responsibility on persons to file income tax […]
