Taxpayers must file their updated Income Tax Return (ITR-U) for FY 2022-23 (AY 2023-24) before March 31, 2025, to avoid higher penalties and additional tax burdens. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 […]
What is an updated Income Tax Return and how to file it – CNBC TV18
The Income Tax Department has provided a new form (ITR-U) to file updated IT returns. Taxpayers can use it to file updated Income Tax Returns for financial years 2019-20 and 2020-21. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large […]
Govt collects ₹9,118 crore from over 90 lakh updated ITRs in four years – CNBC TV18
Over 90 lakh updated Income Tax Returns (ITRs) have been filed over the last four years which fetched ₹9,118 crore to the exchequer, Parliament was informed on Monday (March 25). Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap […]
How to file ITR with crypto gains – CNBC TV18
Filing an Income Tax Return (ITR) requires accurate reporting of all income sources, including crypto gains. Taxpayers must follow these steps to file their returns correctly. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 […]
12 lakh ITR refunds for FY24 not credited: Here’s why – CNBC TV18
Around 12 lakh taxpayers have not received their income tax refunds for FY 2023-24. Out of 3.68 crore refund claims, these refunds failed to be credited due to various reasons. The government disclosed this in the Rajya Sabha. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 […]
How to file updated income tax return after Budget 2025 changes – CNBC TV18
The Budget 2025 has extended the deadline for taxpayers to file an Updated Income Tax Return (ITR-U) from two years to four years from the end of the relevant assessment year. This allows taxpayers more time to rectify errors, declare missed income, and comply with tax laws. Index Fund Corner Sponsored Scheme Name 1-Year Return […]
Budget 2025: New deadline to file updated tax returns extended to 4 years, announces FM Sitharaman – CNBC TV18
Announcing the 14th consecutive Budget under the Narendra Modi government since 2014, Finance Minister Nirmala Sitharaman announced that the time limit to file the updated tax returns has been proposed to 4 years from the current limit of 2 years. Click here for Budget live updates Sitharaman also announced significant tax benefits in Budget 2025. […]
Budget 2025 Expectations Live Updates: Industry seeks boost for freight railways and mega wagon orders
Budget 2025 Expectations Live Updates: Industry leaders like Sudipta Mukherjee of Texmaco and Vivek Lohia of Jupiter Wagons stressed the need to raise freight train speeds to 50 kmph, expand Dedicated Freight Corridors (DFCs), and improve railway infrastructure for sectors like mining, steel, and cement. These measures aim to increase railways’ logistics share to 45% […]
Income Tax Return: Websites that allow to file income tax for free in India – CNBC TV18
Wednesday, January 15, 2025, marks the final deadline to file belated or revised Income Tax Returns (ITR) for the assessment year 2024-25. The Central Board of Direct Taxes (CBDT) extended the original deadline of December 31, 2024, by 15 days to give taxpayers extra time to comply. Index Fund Corner Sponsored Scheme Name 1-Year Return […]
Eight benefits of filing your income tax return on time – CNBC TV18
Filing income tax returns (ITR) is a crucial aspect of personal financial management. The Income Tax Department of India has emphasised the importance of timely ITR filings, especially for the financial year FY23-24. Beyond fulfilling a legal requirement, filing on time offers several significant advantages that can help taxpayers with everything from managing their tax […]