ITR News

As per income tax laws, each taxpayer can claim two houses as self-occupied. Your wife can claim her vacant house as self-occupied in her ITR since it was not rented out last year.

The income tax department usually takes four to five weeks to issue a refund. But if you do not receive the refund on time, you can check the intimation received from the income tax department.

In a conversation with Livemint, Mumbai-based tax and investment expert Balwant Jain explored various facets of income tax refunds under the Income Tax Act

Income tax refund refers to the amount paid by the income tax department when the tax paid by the taxpayer is more than the actual amount due

A belated income tax return under section 139(4) of the I-T Act can be filed after the July 31 deadline.

Individuals who missed filling their income tax returns (ITR) within the deadline of July 31 can still file their ITR until December 31, 2024. However, they have to pay penalties to file belated ITR

Out of 7 crore more than 50 lakh ITRs were filed on Wednesday till 7 pm, said the tax department

ITR Filing 2024 Highlights: Today, July 31, is the last day to file your income tax returns, so here is all you need to know to do so quickly — including the deadline, penalty for missing the deadline, documents required, who had more time, and possible extension of deadline.

ITR filing: Today, July 31 is the deadline for filing income tax returns, taxpayers need to hurry if you have not yet completed the process.

ITR filing 2024: The due date of filing has not been extended, the government informed. This means the last date for filing ITR is today, July 31, 2024.