WebApr 28, 2024 · Considering the Covid-19 pandemic, the Central Board of Direct Taxes (CBDT) had extended the due dates of various tax compliances to 30.04.2024 through various notifications issued under the Taxation and Other Laws (Relaxation of Certain Provisions) Act, 2024 (TLA Act, 2024). WebFeb 1, 2024 · As per current income tax laws, your income tax return must be processed by the tax department within one year from the end of the financial year in which the return …
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WebMar 22, 2024 · Late filing of tax returns for the financial year 2024-23 was notified to taxpayers by the income tax department, which imposed a penalty of Rs 5000. In the case of incomes below Rs 5 lakh, the penalty will not exceed Rs 1000. -> Limit In Donations Previously, cash donations of up to Rs. 10,000 was permitted in terms of deduction. WebApr 13, 2024 · Post Office TD, Post Office Time Deposit Calculator 2024, Interest Rate, Tenure, Maturity, Tax Saving: The interest rates of all small saving schemes have been changed by the government with effect from April 1, 2024.Interest rates of all savings schemes, barring Public Provident Fund (PPF), have been increased by 10-70 basis points. small holy water bottles bulk
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WebJan 3, 2024 · The time limit for filing revised return is end of the relevant assessment year or completion of assessment which ever is earlier. Processing of Income Tax Return (ITR) … WebIndividuals and sole traders generally have 2 years to submit an amendment to their tax return. This time starts from the day after your notice of assessment is sent to you. For example, if the date on your individual notice of assessment is 1 November 2024, your amendment period starts on 2 November 2024. WebSep 9, 2024 · Is there any time limit for submitting ITR-V to Income Tax Department? Yes, you should mail your ITR-V within 120 days of e-filing your return. What if I do not submit ITR-V within 120 days? If you miss submitting your ITR-V within 120 days, your e-filing will be considered as null and void. small holmes heater