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'Absolutely crucial': Alberta plans to open new addiction recovery centre for youth in Edmonton remand centreSunday, December 15, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Income Tax Return: Forgetting the deadline for filing ITR will attract a... Personal Finance Income Tax Return: Forgetting the deadline for filing ITR will attract a fine of Rs 10,000 By Shyamu Maurya December 15, 2024 0 7 Share Facebook Twitter Pinterest WhatsApp Telegram Income Tax Return: Forgetting the deadline for filing ITR will attract a fine of Rs 10,000 If taxpayers miss the December 31 deadline to file ITR for FY 2024-25, the penalty amount will increase to Rs 10,000, provided the annual income exceeds Rs 5 lakh. Belated ITR Filing Deadline 2024: Taxpayers who have missed the July 31 last date for filing their income tax returns (ITR) have time till December 31 to file ITR for assessment year 2024-25, on which a late fee of Rs 5,000 will have to be paid. Returns filed after the due date under section 139(1) of the Income Tax Act are called belated returns. However, belated returns attract late filing charges under section 234F. The last date for filing income tax returns for the financial year 2023-24 (AY 2024-25) was July 31, 2024. This was for taxpayers who do not have to get their accounts audited. Let’s know who has to pay how much penalty for filing late returns. Must file return by 31 December According to the Income Tax Department, as per section 234F, a late filing fee of Rs 5,000 has to be paid for filing the return after the due date under section 139(1). However, if the total income of the person does not exceed Rs 5 lakh, the amount of late filing fee to be paid will be Rs 1,000. If taxpayers miss the December 31 deadline for filing ITR for FY 2024-25, the penalty amount will increase to Rs 10,000, provided the annual income exceeds Rs 5 lakh. Fill your return this way If you have not filed your return yet, then first go to the Income Tax e-filing portal to file delayed ITR. Login using PAN on the Income Tax Department e-filing portal. After this, choose the appropriate ITR form as per your sources of income. Then choose Assessment Year 2024-25 for FY 2023-24. Fill in the details: Fill in the details of your income, tax exemption and tax liability. Pay any outstanding tax including interest and penalty. Submit the return: Verify the return through Aadhaar OTP, net banking or physical verification. Join Informal Newz Tags income tax return Share Facebook Twitter Pinterest WhatsApp Telegram Previous article Transaction limit: How much cash should be kept in Savings Account to avoid income tax notice? Know what are the rules Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com RELATED ARTICLES Personal Finance Transaction limit: How much cash should be kept in Savings Account to avoid income tax notice? Know what are the rules December 15, 2024 Personal Finance Airport News: Now you will not have to pay extra for tea, coffee, water at the airport, Indian government has taken this step December 14, 2024 Personal Finance New Credit Card: This bank has launched a new credit card for women, you will get unlimited lounge access at domestic airports December 14, 2024 - Advertisment - Most Popular Transaction limit: How much cash should be kept in Savings Account to avoid income tax notice? Know what are the rules December 15, 2024 SSC GD Final Merit List 2024: Staff Selection Commission declared the final merit list, so many candidates selected December 15, 2024 Airport News: Now you will not have to pay extra for tea, coffee, water at the airport, Indian government has taken this step December 14, 2024 New Credit Card: This bank has launched a new credit card for women, you will get unlimited lounge access at domestic airports December 14, 2024 Load more Recent Comments Gul Mohiudin on Kavita sister-in-law wore a sari without a blouse, seeing the pictures you will also be... 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Know what are the rules December 15, 2024 SSC GD Final Merit List 2024: Staff Selection Commission declared the final merit list, so many candidates selected December 15, 2024 Airport News: Now you will not have to pay extra for tea, coffee, water at the airport, Indian government has taken this step December 14, 2024 POPULAR POSTS Transaction limit: How much cash should be kept in Savings Account to avoid income tax notice? Know what are the rules December 15, 2024 SSC GD Final Merit List 2024: Staff Selection Commission declared the final merit list, so many candidates selected December 15, 2024 Airport News: Now you will not have to pay extra for tea, coffee, water at the airport, Indian government has taken this step December 14, 2024 POPULAR CATEGORY Personal Finance 17947 Entertainment 17062 India 4496 News 3785 Technology 2247 Jobs Alert 788 Travel 652 Education 451 ABOUT US INFORMALNEWZ brings the Latest News & Top Breaking headlines on Politics and Current Affairs. 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Texans trying to get 'locked in' with Jags up nextSan Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level Media
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The Lewis and Clark County Commission is seeking residents to serve on the following boards: ■ Augusta Cemetery Board ■ Board of Adjustment ■ Compensation Board ■ Forestvale Historic Preservation Committee ■ Lewis and Clark County DUI Task Force ■ Lincoln Cemetery District ■ Lincoln Parks Board ■ Noxious Weed Board -Augusta, Wolf Creek ■ Open Lands Citizens Advisory Committee ■ Scratchgravel Solid Waste District ■ Tax Appeal Board Applications are at ver nment/C om -mission/Boards or by calling 447-8378 and can be submitted to the Commissioner's Office, 316 N. Park Ave., Room 345, Helena, MT 59623. The city of Helena is now accepting applications for several commission boards and committees. Deadline for applications is 4 p.m. Dec. 31. The city has the following board vacancies: ■ Medical field repre -sentative. Term expires Sept. 1,2027. Affordable Housing Trust Fund Advisory Board ■ Banking/finance representative. Interim term expires Jan. 31,2027. ■ Citizen-at-large. Interim term expires Jan. 31, 2026. Board of Adjustment ■ Alternate member. Term expires Sept. 30, 2027. Citizen Conservation Board ■ Two residents to serve as a citizens — at - large. Interim terms expire Feb. 28, 2026. Golf Advisory Board ■ Board member. Term expires Oct. 31,2027. Helena Public Art Committee ■ Board members. Terms expire Dec. 31, 2027, Dec. 31, 2026, and Dec. 31, 2025. Information Technology & Services Board ■ IT executive. Term expires Jan. 23,2027. City-County Consolidated Parks Board ■ City appointee. Term expires Sept. 30,2027. City-County Consolidated Planning Board ■ City appointee. Interim term expires Sept. 1, 2027. Tourism Business Improvement District board of trustees ■ Two residents to serve as a representative of an owner or a manager of property within the district. Interim terms expire June 30,2026. Urban Renewal Tax Increment Financing Advisory Board Capitol Hill Urban Renewal District ■ Owner or representative of property within the district. Term is three years. ■ Owner or representative of business within the district. Term is two years. ■ Member at large with vested interest within the district. Term is two years. Downtown Urban Renewal District ■ Owner or representative of property within the district. Term is two years. ■ Owner or representative of business within the district. Term is two years. ■ Member-at-large with vested interest within the district. Term is three years. Railroad Urban Renewal District ■ Owner or representative of property within the district. Term is two years. ■ Owner or representative of business within the district. Term is three years. ■ Member-at-large with vested interest within the district. Term is three years. People who have previously applied for any of the listed board vacancies are encouraged to reapply. Apply by using this form: .
Jones, Christensen lead Sumner-Fred/Wapsie to top half of field
49ers RBs Christian McCaffrey, Jordan Mason placed on IR
Beginning Friday, Hoosiers in the Merrillville area who need a driver's license, state identification card, vehicle registration or similar BMV service should visit the new office at 7905 Broadway. The new location features 20 customer service stations and 18 examiner stations, along with BMV Connect kiosks open 24 hours a day for motorists to complete on their own more than a dozen common BMV transactions. The new Merrillville branch also is the first dealer fleet location in Northwest Indiana with services to help auto dealers and businesses with vehicle fleets complete bulk title and registration work. Hours at the new BMV location are unchanged. It'll be open 8 a.m. to 5:30 p.m. on Mondays, Tuesdays, Thursdays and Fridays, and closed on Wednesdays, Saturdays and Sundays. Tuesday is the final day of operations at the current Merrillville BMV, 5117 E. 81st Ave.
President-elect Donald Trump’s threatened tariffs might be more of a political negotiating tactic than a set-in-stone policy, but the outcome is sure to have huge impacts on American consumers. Trump said on social media Monday that he’s prepared to impose 25% tariffs on imports from our North American neighbors, Mexico and Canada, and an additional 10% tariff on Chinese imports. Mexican President Claudia Sheinbaum suggested Trump’s tariffs would be met with retaliatory tariffs on U.S. goods. Canadian Prime Minister Justin Trudeau spoke with Trump on the phone Monday and plans to meet with concerned officials in his country. Canada, Mexico and China are the top three destinations for U.S. exports. International trade accounts for about 10% of U.S. economic activity, according to James Knightley, ING’s chief international economist. The U.S. runs a trade deficit with Canada and Mexico, so Knightley said our neighbors theoretically would lose more in a trade war. “But we always regard this as a lose-lose situation,” he said. A tariff is something that is paid for by the importing company, which then must either absorb the extra cost or pass it along to consumers. Knightley said the U.S. imported $3.1 trillion of goods in 2023. Applying a 60% tariff to Chinese imports, which Trump has floated as an option, and 20% to imports from all other countries would add up to nearly $800 billion in extra costs for American importers that might then be passed onto customers, according to Knightley. Those higher tariffs would cost about $2,400 for every American, he said. There will be some substitutions made by American businesses and consumers to soften the blow. “But America just doesn’t have the manufacturing base to fulfill that full $3.1 trillion of stuff that we all keep buying,” Knightley said. “So, there’s inevitably going to be a cost-of-living erosion here or, a cost-of-living hit, spending power erosion.” Colin Grabow, an expert in trade policy at the Cato Institute, said most imports from Mexico and Canada are currently duty-free because of the free-trade agreements that have been in place for 30 years, first the North American Free Trade Agreement and then the United States-Mexico-Canada Agreement. There are exceptions, he said. For example, we have what are called countervailing duties on Canadian exports of lumber, and we have restrictions on imports of sugar from Mexico. But slapping a 25% tariff on everything crossing the border would be a big change for American consumers and businesses. “A lot of people think of imports as stuff on the store shelf. Well, roughly half of all U.S. imports are inputs,” Grabow said. “These are goods used by manufacturers and other businesses to produce goods.” Businesses have organized around the expectation of free trade and heavily integrated supply chains among all three countries, Grabow said. Both men said retaliatory tariffs would be sure to come if Trump imposed new and higher tariffs on our trade partners. Trump has considerable latitude to implement tariffs, and the courts nor the Republican-controlled Congress is likely to stand in his way, Grabow said. “I wouldn’t count on legal authorities to be a huge obstacle to this,” he said. Both men, however, said they think Monday’s threat of tariffs could be primarily a negotiating tactic for Trump. Knightley mentioned that Trump’s pick for treasury secretary, Scott Bessent, has talked about tariffs as a negotiation tool. Grabow said the fact that Trump made the announcement two months before he takes office is a signal that he’s trying to get concessions with the threat of tariffs. The fairly muted reaction from the markets to Trump’s announcement seems to indicate that they also believe this is a negotiating tactic rather than a realistic expectation of what can be expected on Trump’s first day in office, Grabow said. “I think this is a negotiating ploy, but I’m also skeptical that we get away scot-free,” he said. Have a news tip? Contact Cory Smith at corysmith@sbgtv.com or at x.com/ Cory _L_ Smith . Content from The National Desk is provided by Sinclair, the parent company of FOX45 News.
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . BOWLING GREEN, Ky. (AP) — Don McHenry scored seven of his 29 points in overtime to lead Western Kentucky over Murray State 81-76 on Saturday. McHenry hit a go-ahead 3-pointer with 39 seconds left and two free throws with 15 remaining to rally the Hilltoppers (7-3). He added five rebounds. Babacar Faye scored 17 and grabbed nine rebounds. Khristian Lander had 12 points. Jacobi Wood led the way for the Racers (6-3) with 22 points, seven rebounds and six assists. Nick Ellington totaled 15 points and seven rebounds. AJ Ferguson pitched in with 13 points, seven rebounds and two steals. Faye put up eight points in the first half for Western Kentucky, which trailed 39-33. McHenry led the Hilltoppers with 15 second-half points and he hit the game-tying layup with 35 seconds left to send the game to overtime tied at 67. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .'Thanks to him I...' Carlos Alcaraz shares the biggest learning experience he had watching Rafael Nadal over the years
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