Income Tax Return: Deadline for Filing ITR Announced, Severe Penalties for Late Tax Payment ITR-2 AY2023-24
1. Introduction Filing an Income Tax Return (ITR) is a crucial obligation for individuals whose income falls within the taxable bracket. The process helps the government assess the income earned by taxpayers and determine their tax liability. Therefore, understanding the significance of filing an ITR and the consequences of failing to meet the designated deadline … Read more