Income Tax Filing Login: On the other hand, it has been told by the Income Tax Department that if someone fails to give such information, then a fine of Rs 10 lakh under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 can be applied.
Income Tax Update: The last date for filing income tax return is getting closer. The last date for filing personal income tax return has been set as 31 July 2023. At the same time, it is necessary to disclose the income of the financial year 2022-23 by this date.
On the other hand, the Income Tax Department says that till now more than three crore income tax returns have been filed. Along with this, the Income Tax Department has also made a special announcement, about which it is very important for people to know.
income tax return
Actually, while filing income tax return, people have to give information about their income. It is very important to give the details of the means through which people have earned in the financial year. Along with this, the Income Tax Department has said to take care of important things for foreign bank account, property and income holders as well.
Foreign income
The Income Tax Department has tweeted, ‘Please note: Foreign bank accounts, property and income holders! If you have foreign bank accounts, assets or income, please fill the Foreign Assets (FA)/Foreign Source of Income (FSI) schedule in your Income Tax Return (ITR) for Assessment Year 2023-24. Last date for filing income tax return for the assessment year 2023-24: 31st July, 2023.’
