Filed Wrong ITR in 2025? Here’s How to Correct Mistakes Without Paying Penalty Before December 31 The deadline to file Income Tax Returns (ITR) for the financial year 2024–25 (assessment year 2025–26) ...

Taxpayers across the country are increasingly filing incorrect and incomplete ITR forms, this has resulted in triggering ‘defective return’ notices under Section 139(9) of the Income Tax Act over ...

With the quintessential changes being brought by the digital boom these days, life has become comfortable and eased with convenience. Everything can be done with a single click, from utility bills to ...

Let's know about this feature and how to use it. What is the 'Discard ITR' feature? If you have made a mistake in your ITR then there is a new option called 'Discard ITR'. You can easily make changes ...

The process of filing your income tax return (ITR) is tedious, with the cumbersome paperwork and wieldy calculations making the annual ritual a task that many taxpayers dread. The exercise is ...

A potential glitch in the Income Tax Return (ITR) utility is raising red flags among chartered accountants, who warn that if left uncorrected, it may lead to incorrect interest calculations under ...

It is also possible to file an updated return even after the expiration of the time limits specified for the filing of a belated return or revised return of income. (Image: Freepik) ITR Filing for ...

As per the information available on the I-T Department official website, with effect from Assessment Year 2020-21, it is mandatory for every person, who is not required to furnish a return of income ...

ITR Filing Deadline, January 15, 2025: Failure can lead to a loss of opportunity to file or revise your return for AY 2024-25 and additional penalties. ITR Filing Deadline, January 15, 2025: Taxpayers ...