Web10 apr. 2024 · As a freelancer and consultant, one has to fill out and submit either ITR-3 or ITR-4. ITR-3 applies to income from business or profession. From AY 2024-18 (FY 2016-17), professionals can opt for presumptive taxation and declare 50 per cent of their gross receipts as their income by filing ITR-4. Web2 nov. 2024 · The due date of filing Income Tax Return (ITR) was extended for normal taxpayers by five months last year (Assessment Year 2024-22) from July 31, 2024 to December 31, 2024.
Section 139 of Income Tax Act - Subsections and Due Dates
WebDue date for filing income tax returns under Section 139 is July 31. If you are not required to audit your books of account, ensure that you file your ITR before July 31 of every assessment year. If you fall under any of these categories, file your ITR on or before July 31: Paid with a wage Self-employed A consultant or freelancer Web22 aug. 2024 · An ITR or Income Tax Return or a Return of Income is a statement filed by an assessee and submitted to the Income Tax Authorities disclosing all the details of income earned by him during a particular year. The Income Tax Act specifies 3 dates, by which the income tax return needs to be filed. todays wellspring boss
Extension of Due Date for ITR and Tax Audit Report for AY 2024 …
WebThe revised due date for furnishing the Income Tax Return (ITR) for AY 2024-22 is explained in detail below: ITR for AY 2024-22 (Non-Audit Cases) CBDT announced that … Web11 apr. 2024 · Sujit Talukder Tuesday, April 11, 2024. CBDT notifies the Cost Inflation Index (CII) for the Financial Year 2024-24 vide Notification No. 21/2024 dated 10th April, 2024. The Cost Inflation Index for the FY 2024-24 relevant to AY 2024-25 is 348 for the purpose of computing capital gains. Every year CBDT notifies the CII data for each financial year. Web22 dec. 2024 · F) ITR due dates for audit & non audit assesses: The due date for filing ITRfor audit assessee is 31 st December 2024. For non audit assessee due date for filing Tax audit report is 15 th January 2024, the gap of 15 days is insufficient. Whereas, the gap in these two due dates is 2 months in normal circumstances. todays wells fargo cd rates