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Time Extension For Itr Filing In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-0018LTR
Format:
Word;
Rich Text
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Description
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FAQ
Deadline to file your extended 2024 tax return. If you chose to file an extension request on your tax return, this is the due date for filing your tax return.
The Income Tax Department has extended the revised and belated income tax return (ITR) filing deadline to January 15, 2025 for Indian resident individuals. Individuals who have already filed an ITR on or before the deadline, they can file a revised ITR if required.
ITR filing last date for non audit tax payers for Financial Year 2023-24 (AY 2024-25) was July 31, 2024. However, if you miss filing within the due date, you can still file a belated return before December 31, 2024. The CBDT has extended this deadline for only resident individuals to 15th January 2025.
If you miss filing your ITR within the original deadline, then you can file a late return, known as Belated Return. Typically, the due date for filing a belated return is 31st December of the assessment year; however, for AY 2024-25, the CBDT has extended the deadline for resident individuals to 15th January 2025.
Yes, the Income Tax Department has extended the ITR filing deadline for FY 2023-24 (AY 2024-25) from December 31st 2024 to January 15, 2025, for specific cases. Who Can Use Vivad Se Vishwas Scheme? The Vivad Se Vishwas Scheme is available to taxpayers with pending income tax disputes.
If you filed for an extension and miss the October deadline, here's what you can expect to happen: You may owe a late-filing penalty. The IRS can hit you with a late-filing penalty of 5% of the amount due for every month or partial month your tax return is late, up to 25% of the amount due.
Penalties for filing late can mount up at a rate of 5% of the amount of tax due for each month (or portion thereof) that you're late. If you're more than 60 days late, the minimum penalty is $100 or 100% of the tax due with the return, whichever is less.
If you missed the filing deadline for filing your income tax return, we give you an automatic extension until October 15th.
More In Help. You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic extension of time to file your return. You must request the extension of time to file by the regular due date of your return to avoid the penalty for filing late.
