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Tag: ITR deadline 2025
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Income Tax Return FY 2024-25: Avoid Late Fees & Penalties by Filing on Time
📝 ITR Deadline 2025: Penalties & Late Fees Explained Filing your Income Tax Return (ITR) on time is not just a legal obligation—it directly impacts your finances. The due date for filing returns for FY 2024-25 (AY 2025-26) has been extended, but taxpayers who miss it will face penalties and interest. Here’s a complete breakdown.…
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Who Needs to File ITR in India and Who Doesn’t – Complete Guide for FY 2025-26
Income Tax Return (ITR) filing is a crucial part of financial compliance in India. However, not everyone is required to file an ITR. Understanding whether you need to file or not can save you time, avoid penalties, and help you manage your finances better. In this guide, we’ll cover: 1. Who is Required to File…