According to CA Shah, only people belonging to lower-middle income group will get the benefit of increasing the period. There are many salaried and small taxpayers who neither have personal accountants nor advisors. They are unable to file income tax returns due to busy schedules. In loans and other financial transactions they require records of returns. In such a situation, they will be able to take advantage of this increased period.
By Lokesh Solanki
Published Date: Tue, 31 Dec 2024 08:48:10 PM (IST)
Updated Date: Tue, 31 Dec 2024 09:21:33 PM (IST)
HighLights
- Interest and penalty burden will not increase till January 15
- The last date for filing returns was fixed as July 31.
- CBDT has issued a notification in this regard.
Naiduniya Representative, Indore. Relief has been announced for income tax payers on the last day of the year. The Central Board of Direct Taxes has extended the deadline for filing belated income tax returns.
The deadline was ending on 31st December. Now taxpayers will be able to file returns till January 15. The Central Board of Direct Taxes (CBDT) has issued a notification in this regard.
There has been a significant change in the schedule of filing income tax returns over the years. The last date for filing returns for the financial year 2023-2024 was fixed as July 31.
After this, individual tax payers could file delayed returns till December 31.
For late filing of returns, taxpayers with income up to Rs 5 lakh have to pay a penalty of Rs 1,000 and those with income above Rs 5,000 have to pay a penalty.
- According to CA Pankaj Shah, the penalty would have increased for any individual taxpayer who filed delayed returns as per the predetermined deadline from January 1, 2025.
- They would have had to pay a penalty of up to 25 percent of the tax and interest. Now, with the notification issued by CBDT, taxpayers are getting relief from this additional burden.
- They will be able to file their returns only with a penalty of Rs 1,000 and Rs 5,000.
- This relaxation of 15 days is only for individual taxpayers, that is, firms are not getting the benefit of this extended period.
- Besides, there are some rules with delayed returns that the taxpayer is not able to carry forward his losses and as per the rules, certain exemptions are also not available.
Consumers can now complain about leakage while sitting at home by changing address and agency.
Indore: Gas companies have made all their facilities online, so that consumers can be freed from visiting the agency. For this, companies have started the facility of toll free number along with mobile app. Using this, consumers can change their address, do KYC sitting at home and can also change the agency in case of any problem with their existing gas agency. Even in case of gas leakage from domestic gas cylinder or pipe, complaint can be made online or on toll free number. Instant employee size will solve your problem. Shiv Sundar Vyas, Assistant Supply Officer, Food Department, said this while answering the questions of the readers in the Hello Naiduniya program. Vyas said that all three gas agencies have created their own mobile applications. On this, consumers are getting all kinds of facilities online. If you are upset with your current agency, you can transfer your connection to another agency of the concerned company. In case of any problem, you can complain on the toll free number of the Food Department, CM Helpline, Company.
This is toll free number and mobile app
Company Mobile App Toll Free NumberHP (HPCL)- HPPAY 18002333555India (BPCL)- Hello BPCL 1800224344Indian (IOCL)- IOC Contact 18002333555 ……….
It is also important for consumers to know this
- In case of gas leakage, call toll free number 1906. You can complain if the tank is not delivered within 48 hours.
- Before buying the tank, get it weighed and checked for gas leakage.
- Do not buy dirty or rusted cylinders from below, check the expiry.
- Pay Rs 801 for taking the cylinder from the warehouse, do not pay delivery charges.
- In case of less weight, complain to Natol department. – Can get the gas pipe and regulator replaced in case of any problem.
- Readers’ questions
- If the connection tank is not taken for six months, then the connection is stopped, what happens like this? – Shrikant Vyas, Indore
- Answer – If the tank is not taken, the connection is temporarily closed, you can go to the agency and get it started again.
- Who asks for OTP while giving gas tank, can this lead to fraud?- Madan Singh Thakur
- Answer: You can give OTP by seeing the name of the agency in SMS. Arrangements have been made for the convenience of customers.
- Have taken the connection in 1980, the original papers are getting spoiled, how will new ones be made? – Kishore Kapde, Indore Answer – You can go to the agency and get a new book made by paying some fee.
- The agency is not changing when the regulator is bad?-Nirmal Kumar Jain, Indore
- Answer: In case of leakage, the company replaces it, in case of breakage, a fee has to be paid.
- The delivery person of the gas agency does not weigh the cylinder and gives it even after being told – Vishal Patel
- Answer – The cylinder should be weighed and given, if it is not being weighed then you can complain on the toll free number. The address of the house has changed and how to get the cylinder at the new address? – Brajmohan Maheshwari, Idore
- Answer – You can go to your gas agency and get the new address changed by giving proof and Aadhaar. You can also change the address through the mobile app.
- Children have come to Indore after studying in Ratlam, how to get the gas connection transferred to Indore? – Bhagirath Sharma, Indore.
- Answer – You can get a new connection from the agency of the concerned company in Indore by taking the termination form from the agency in Ratlam.
- How much money will it cost to transfer the gas connection of an elderly sister to her son? – Motilal Bihani, Mhow
- Answer: You can get the connection transferred by visiting the agency, there is no charge for this. There will be KYC of the new person.
- Is there any concession in connection in the name of women? – Anil Kochale, Indore
- Answer: No concession is being given on taking connections in the name of women.
- Can we use more than one domestic gas cylinder at the shop? – Rajesh Aggarwal, Dewas
- Answer – Domestic cylinder cannot be used in commercial activity, you can complain about it.