Taxprofessional Stories

Income return refers to the financial gain generated from an investment over a specific period, usually expressed as a percentage of the initial investment amount.

A belated ITR is filed by individuals who have missed the original filing deadline, which is usually July 31. Apart from the belated return, December 31, 2023, is also the last date to file the revised ITR for FY 2022-23 (AY 2023-24).