Taxpayers whose business or professional income is subject to audit have different compliance timelines.
Taxpayers can revise an already filed return until March 31, 2027.
One of the biggest advantages of filing an ITR is easier access to credit.
You can file a belated ITR by December 31, 2024. But, you have to pay penalties and interest on any unpaid taxes.
Taxpayers have been facing difficulties with the new IT portal since its launch.