
The applicability of ITR forms depends on factors such as the assessee’s sources of income, total earnings and also the…
With ITR Forms 1 to 7 now notified by the Central Board of Direct Taxes (CBDT), taxpayers are eagerly waiting…
Form 16, a key document for salaried taxpayers, must be issued by employers by June 15; here’s what it includes…
ITR-U form has been introduced under Section 139(8A) to correct errors or omissions in their previously filed ITR. This ITR…
As of May 20, 2025, there is no update on the e-filing portal of the tax department, while forms from…
The electronic version of Form 16 is generated directly from the TRACES portal by employers — guaranteeing consistent and accurate…
Missing ITR filing deadlines for AY 2025-26 can lead to penalties and loss of key tax benefits—know the correct due…
This year, the tax department was a bit slow in notifying all ITR forms, and that is understandable as there…
NRIs are allowed to invest in various financial instruments and real estate in the country. The only exception is they…
Experts, however, are of the view that the government might not give extension in the ITR filing deadline this year…
In the last year’s budget, Union Finance Minister Nirmala Sitharaman raised the exemption limit on long-term capital gains for listed…
The income tax department has notified all seven income tax return forms for assessment year 2025-26.
ITR-1 is a simple single-page form. It is specially designed for salaried, pensioners or people with limited income like interest.…
With ITR forms for FY 2024-25 already available, now is the ideal time to prepare and avoid last-minute mistakes.
Different tax returns are prescribed for filing by individual taxpayers depending on their income and its source as well as…
CBDT notifies ITR-3 for AY 2025-26, easing disclosure for middle-income professionals. Key changes include higher asset threshold, split capital gains…
As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax…
Income Tax Department has simplified how taxpayers will file ITR returns. For the assessment year 2025-26, the forms ITR-1 (Sahaj)…