For returns filed after 31st July 2024, the penalty limit will be increased to Rs.5,000. However, as a relief to small taxpayers, the IT department has stated that if your total income is not more than Rs 5 lakh, the maximum penalty levied for delay will only be Rs.1,000. Late Filing Fee Details Reduced Time for Revising Your … See more As per the changed rules notified under section 234F of the Income Tax Act, filing your ITR post the deadline, can make you liable to pay a … See more Let’s say you are filing your ITR and you end up making a mistake. Under the changed rules, you only have time till the end of the relevant … See more If you have incurred any losses during the year say a loss under the head capital gains or any loss in your business, make sure you file your return within the due date. Not doing so will … See more If you do not file income tax returns on or before the due date, you would be required to pay interest at the rate of 1% for every month, or part of a … See more WebAug 17, 2024 · As the Income Tax Department of India tweeted on August 1, 2024, "About 5.83 crore ITRs for AY 22-23 filed till 31st July 2024. New record for Income Tax Department as over 72.42 lakh ITRs filed ...

Tax Refund Schedule 2024: When Will I Get My Tax Refund

WebJan 6, 2024 · Under Section 234F of the Income-tax Act 1961, a penalty of Rs 5,000 is levied on an individual filing an ITR after the expiry of the due date — July 31, 2024, in this cycle. … WebJul 27, 2024 · As per section 234F of the Income Tax Act, 1961, this fine is Rs 5,000. For small taxpayers who have a total income not exceeding Rs 5 lakh the late fee will not exceed Rs 1,000. The late fee needs to be deposited along before the belated ITR is … fish stall chelmsford

If you

WebThe timely tax deadline to pay and e-file 2024 Taxes is April 18, 2024. If you miss this date, you have until October 16, 2024 to e-file. Keep in mind, if you owe taxes and don't file a tax … WebThe deadline to turn in a 2024 income tax return is Tuesday 18 April for most ... Due date for tax year 2024 fourth quarter estimated tax payment. 23 January: IRS begins 2024 tax … WebAug 28, 2024 · Due Date of TDS Payment and Return For AY 2024-23. August 28, 2024. As per Income Tax Act, 1961 every person or company making some payment of specified nature, is required to deduct TDS at specified rates. After that, the same needs to be deposited, and the return of TDS is required to be filed before the due date. fish stalker crappie lures