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Over 3 Million Audit Reports Income Tax Website

The e-filing portal efficiently managed the influx of users, ensuring a smooth experience for taxpayers and tax professionals as they submitted their audit reports.

Consequences Failing File Audit Report Tax Penalties Late Fees

It is important to note that although Section 139 of the Act has been extended until 30th November 2023, which is one month after the original deadline, you should aim to file your taxes by 31st October 2023. Filing late can result in a late fee of Rs 5000.

Deadline Submission Audit Reports Fiscal Year 2022-23

Additionally, the due date for filing the Return of Income in Form ITR-7 for Assessment Year 2023-24, which was originally October 31, 2023, has now been extended to November 30, 2023.

Rectify Mistakes Omissions Income Tax Return Updated Return

If you missed the deadline to file your ITR for the financial year 2022-23, which was July 31, 2023, you can file a belated return. However, there are some important points to keep in mind.

Advance Tax Due Date 15 Sep 2023 2nd Installment Submission

The deadline for paying advance tax is September 15, 2023. Taxpayers are now consulting Chartered Accountants (CAs) to assess their tax obligations.

Income Tax Audit Report Submission Deadline

The government's requirement for income tax audits for businessmen and professionals who earn a certain amount shows its commitment to transparency and responsibility in finances. This rule has multiple purposes.

3.1 Million ITR Filers Miss Income Tax Refunds Ineligibility

Income Tax Return Update (August 24): Many people file their income tax returns on time via the Income Tax Department's e-filing portal, but often skip the crucial step of verifying their tax returns.

Itr Filing Last Date 2023 what happens if you miss tax return deadline

Today is the last date to file Income Tax Returns: The IT department advised taxpayers to file their tax returns before the deadline ends to avoid penalties and other consequences.

Consequences of Missing July 31 Deadline for ITR Filing: Penalties and Other Outcomes

If an individual earning income misses the ITR filing deadline, they can still do so by paying a late fee. The late fee is Rs. 5,000 for an annual taxable income of Rs. 5 lakhs or more, and Rs. 1,000 for taxable income below Rs. 5 lakhs.

Revenue Secretary Confirms: No Extension for Filing Income Tax Returns Deadline

Sanjay Malhotra-Revenue Secretary: Advised taxpayers not to wait for the extension ITR filing deadline which is 31st July 2023. Ensure to file your tax returns as early as possible.

EPFO Higher Pension Application Deadline Today: Apply Now with Required Documents

Furthermore, employers have been granted until September 30, 2023, to upload the salary details of employees who are applying for a higher pension. As a result, members will likely receive an extension to apply for the EPS scheme.

CBDT Extends Time Limits for TDS/TCS Statement Submission

The initial deadline for submitting the statement of tax deduction for the first quarter of the financial year 2023-24, which was originally set for July 31, 2023, has now been postponed to September 30, 2023.

ITR Filing Deadline Approaching: Consequences of Missing the 31st July 2023 Deadline

The government made an amendment to reduce the time limit for filing belated income tax returns by three months. Individuals previously had the option to file a belated ITR until the end of the applicable assessment year, which is March 31. This option was available until the financial year 2019–20 (the assessment year 2020–21).

Alert for Taxpayers: Missing Data on Advance Tax Payments in Prefilled Returns Forms

While filing the Income Tax Return, the details of a taxpayer get auto-populated from Form 26AS as a pre-filling technique into the ITR form. However, this pre-filling feature is missing in upcoming returns forms

Good news for EPF account holders

Good news for EPF account holders PF related complaint will be cleared on WhatsApp message, new feature of EPFO.

Final Opportunity ITR E-Verification Even after filing ITR

Your ITR will be deemed invalid and subject to paying a Late Fee if it is not confirmed within 120 days of electronic filing.