Read all Latest Updates on and about Section 234F of the Income Tax Act

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‘More than 7 crores ITR Filed’: Income Tax Dept expresses Gratitude to Taxpayers and Professionals

Sneha Sukumaran Mullakkal

India’s Income Tax Department has revealed that more than 7 crore Income Tax Returns (ITRs) have been filed so far for Assessment Year 2025-26, as...

Land Transferred Under Development Agreement Without Consideration: ITAT Remands Rs. 60 Lakh LTCG...

Should CA File ITR for Free? Income Tax without Income: An Analysis

Important Income Tax Update: ITR-5 for AY 2024-25 Now Available for Offline and Online Filing

ncome tax acts - Income tax returns - Income tax returns filling - Penalties under income tax acts - TAXSCAN

Late Income Tax Return Filing: Penalties, Consequences, and Financial Impacts

Know this to Avoid Penalty of Rs. 5000 and Interest as Last Chance to file ITR approaches for AY 2023-24

As we approach the final weeks of 2023, taxpayers are reminded of the impending deadline for filing belated or revised income tax returns for the assessment year 2023-24. The crucial cutoff date is...

Avoid Penalty - Penalty - Last date of file itr - ITR - revised income tax returns - Interest - taxscan

Know the details of Filing Income Tax Return after the due date without Penalty

As we are aware of the fact that for the financial year 2020-21, the deadline to file income tax return (ITR) was December 31, 2021, it was extended twice, firstly from the usual deadline of July 31,...

Madras HC upholds Constitutional Validity of provision Prescribing Fees for Delayed Submission of Returns [Read Judgment]

The Madras High Court by its decision in K. Nirai Mathi Azhagan v Union of India dated 31.01.2020 has upheld the constitutionality of Section 234F of the Income Tax Act, 1961, prescribing the fees for...

CBDT agrees to Refund Wrongly Charged Late Fee

The Central Board of Direct Taxes ( CBDT ) has agreed to refund the late fee if it is wrongly charged. In a tweet from Income Tax Department’s Official handle said that, “In a few cases, the fee...