Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
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06/09/20264 min read
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Informative
ITR Filing Surge to 13 Lakh, Total 2.7 Crore Filed by July 14
Update / Judgement Date
18 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate ComplianceFinancial PlanningIncome Tax
As the July 31 deadline nears, daily Income Tax Return (ITR) filings surged to 13 lakh, totaling over 2.7 crore by July 14, marking a 13% increase from last year. For AY 2024-25, taxpayers could file from April 1, a recent first. Key deadlines include July 31 for non-audited entities, with penalties for late filings. Benefits of timely filing include loss carryforward and reduced future tax liabilities. Simplified processes like pre-filled returns and Form 26AS updates promote compliance.
