Tax News for Business Taxes, Home Taxes, Government Tax Policies, ITR Return
Too late to declare unaccounted money. You may be left with just Rs 7 for every Rs 100 declared

The tax department will match the amount deposited with the income shown in the return filed over the previous years. If there is a mismatch, suitable action will follow.

 
 
Earlier, a subscriber had to contribute at least Rs 6,000 in a financial year (April-March) to keep the Tier-1 account running.
Earlier, the last date for filing returns by individuals was July 31. Last year, the deadline was extended to August 31 and further to September 31.
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