Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.
The board approved the proposed levy at an increase of 11.98% over the 2025 levy, for a total levy amount of $35,331,743.
ITAT Bangalore rules that Section 80P deductions cannot be claimed if the return is filed after the due date. The decision reinforces compliance with Section 80AC(ii) and aligns with Madras HC ...
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