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ITR filing after due date: Do you need to pay a late fee even if you have nil tax liability?

Once the deadline for filing the Income Tax Return (ITR) has passed, taxpayers have the option to submit a belated ITR till December 31, 2025, but they will incur a late fee. It’s important to note ...
Tax Guru

TDS Compliance During Transition to Income-tax Act, 2025 of Payer & Payee

The new Act retains existing TDS rates and thresholds while reorganising provisions. It prioritises simplification and ...