Wed, Jul 31, 2024
ITR Filing last date: Apart from paying the penalty, a taxpayer will not be able to choose the old tax regime after crossing the last date i.e. July 31, 2024. According to the income tax department, you won't be able to file your ITR under the old tax regime from August 1, and you may have to face financial loss as there are various exemptions under this regime.
More >
Thu, Jul 11, 2024
Income Tax Season: The last date for filing income tax return is July 31. When taxpayers file their ITR, some of them indulge in the foul practice of not declaring all their sources of income to the Income Tax (I-T) Department.
Tue, Jul 09, 2024
ITR filing: The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer concessional tax rates. So, unless you do not categorically opt for the old tax regime, the new tax regime is assumed as default, and hence, your income tax liability is calculated according to it.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
