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Missed the ITR Filing Deadline? Here’s What Happens If You Don’t File Your Return on Time

If you missed filing your Income Tax Return (ITR) this year, don’t panic just yet. The Income Tax Department still allows taxpayers to file a belated return until December 31, 2025. However, there are ...
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ITR Filing Due Date: What happens if you miss deadline to file income tax today? ₹5,000 penalty and more

ITR Filing Due Date Extension: The deadline to file your income tax return (ITR) ends today, 15 September, with the income tax department confirming in a post on X that there will be no extension to ...
Tax Guru

Section 139(8A) Updated Return (ITR-U): Law as Amended and Practical Implications

Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...
The Financial Express

NRI missing ITR filing slapped with 78% tax notice on property payment — ITAT steps in

An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account and treated as unexplained investment. The ITAT Mumbai deleted the addition after he ...