
All taxpayers in the country are expected to make their submissions by September 15 while those requiring an audit must…
The ITR forms released by the tax department this year were changed both at the structure and content level. These…
JioFinance’s Rs 24 income tax return filing plan looks attractive, but it is not suitable for all taxpayers. While it…
One of the key changes is that taxpayers who miss the due date will no longer face financial fines, making…
If you made these ITR mistakes, then the scrutiny by the Income Tax Department could lead to pretty hefty fines,…
Here’s a step-by-step look at how you can file your ITR yourself and decide whether you still need a CA…
A key error is choosing the wrong ITR form. Taxpayers must opt for ITR-1 and ITR-4 to report exempt long-term capital gains (LTCG) up…
The new Bill is being brought in an updated and clear form incorporating most of the recommendations of the Select…
Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies…
Resident Indians must report foreign mutual fund holdings and other overseas assets in ITR under Schedule FA. Know how to…
Over Rs 35,105 crore in tax demands and 163 prosecution complaints have been raised under India’s black money law till…
If you earned from cryptocurrency in FY25, it is essential to choose the correct ITR form while filing returns in…
Taxpayers must ensure proper disclosures when reporting foreign assets and income to tax authorities, including selecting the appropriate ITR form,…
The tax department usually rolls out utilities and online forms by April or May. But this year, the release was…
Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of…
Key income tax return utilities—ITR-2, ITR-3, ITR-5, ITR-6, and ITR-7 for Assessment Year (AY) 2025-26—are yet to be made available,…
Filing ITR 2 for AY 2025–26? Wait for the updated form as schema is pending. Pay pending tax on capital…
More than 25 lakh ITRs have already been filed, and refunds are likely to begin soon.