ITR deadline today! How to file your belated and revised income tax returns, penalties. Here’s all you need to know | Mint

ITR deadline today! How to file your belated and revised income tax returns, penalties. Here’s all you need to know | Mint

Source: Live Mint ITR deadline today, January 15, 2025: Taxpayers must noted that today is the deadline for filing your income tax returns (ITR) if you missed the original date or are submitting a revised return for the assessment year 2024-25 (AY2024-25). Originally, the deadline was set for December 31, 2024. However, the Central Board…

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Income tax news: Will FM Nirmala Sitharaman announce tax relief for taxpayers earning up to  ₹15 lakh in Budget 2025? | Mint

Income tax news: Will FM Nirmala Sitharaman announce tax relief for taxpayers earning up to ₹15 lakh in Budget 2025? | Mint

Source: Live Mint Every year, India’s salaried class eagerly awaits relief in income tax. This year, the middle class is also penning all their hopes for FM Nirmala Sitharaman, when she presents Budget 2025 on February 1. According to a Reuters report, the government is actively considering tax relief for the middle class, particularly earning…

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Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing? | Mint

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing? | Mint

Source: Live Mint Public Provident Fund (PPF) is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in all three phases—during investment, interest accumulation, and withdrawal—gives it an edge and makes it one of the best…

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ITR Filing for FY 2024-25: Before you make investment declaration, be aware of these 5 key points | Mint

ITR Filing for FY 2024-25: Before you make investment declaration, be aware of these 5 key points | Mint

Source: Live Mint If you have invested in tax-saving instruments during the year, it is imperative that you submit the proof of investment to your employer in order to claim deduction for those investments. For the uninitiated, salaried employees are supposed to intimate their employer about the investment they made in tax-saving financial instruments during the year….

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ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers | Mint

ITR Filing: Income tax department shortens time limit for condonation of delay – What it means for taxpayers | Mint

Source: Live Mint The Central Board of Direct Taxes (CBDT) has issued a new circular regarding the condonation of delays in filing Income Tax Returns (ITRs), superseding all previous instructions, circulars, and guidelines on this matter. Under Section 119(2)(b) of the Income-tax Act, 1961, the circular offers comprehensive instructions for managing applications about late filing…

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