Tax Due Date 2024 Times Of India. According to the amended regulation announced in budget 2024, the tax authorities can only go back a maximum of five years to reassess a taxpayer's records if the escaped income is at least rs 50 lakh. Tax officials are now faced with the challenge of compiling and corroborating data on tax and income mismatches.
Under the new regulations, a gst officer is permitted to issue a goods and services tax (gst) demand notice only within 42 months from the due date of filing the gst annual return. To claim any eligible tax refunds ensure timely filing.
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