A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow deductions, and pay taxes even if the due date ...

The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...

The first option is that you can still file your belated return under section 139(1). This option comes with some penalty and interest you may have to pay, depending on your annual income. A taxpayer ...

The UAE Federal Tax Authority (FTA) has issued a reminder for all corporate taxable persons, including exempt persons required to register, to submit their tax returns or annual declarations within ...

ITR filing FY 2024-25 due date: The Income Tax Department does not seem to have extended the ITR filing deadline for Assessment Year 2025-26, meaning returns filed after September 16 will be ...

KARACHI: Business Community has urged Prime Minister, Federal Minister for Finance, and the Chairman of the Federal Board of Revenue (FBR) to extend the income tax filing deadline to December 31, 2025 ...

Individuals can claim the income tax refund if: - The advance tax is more than the actual tax liability. - The amount of the self-assessment tax exceeds the amount of tax due. - Your tax liability is ...

Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy StockSnap/Pixabay.com People who missed Tuesday's extended deadline to file income tax returns (ITR) ...

Delays in tax refunds are avoidable with proper documentation and timely compliance. Many taxpayers have taken to social media to express frustration over delayed income tax refunds. Despite the ...

The Income-Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund delays, especially for claims over Rs 10 lakh. Discrepancies include ...

ISLAMABAD: The Federal Board of Revenue (FBR) has categorically conveyed to the taxpayers that the FBR will change the status of “filer” to “late-filer” as well as impose penalties on taxpayers, who ...