Tax filing deadline to be extended till Jan 15 for some: Know who benefits

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Another important point to note is that it is not permissible to switch tax regimes while filing a belated return.

The plea said that the software update on July 5 arbitrarily prevented taxpayers from availing of the rebate under Section 87A of the Income Tax Act, 1961.

A Public Interest Litigation (PIL) was filed by The Chamber of Tax Consultants, challenging the disabling of Section 87A rebate claims via the filing utility.

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Category: BusinessFinance

Markets: India

Topics: Belated income tax return Income tax return 2024 new deadline Revised income tax return filing deadline Income Tax Return New deadline for belated or revised income tax return filing Bombay High Court Section 87A Tax Filing Tax Rebate CBDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 15:18:14 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24627933

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