Page 3 of ITR News

The income tax department has notified all seven income tax return forms for assessment year 2025-26.

With ITR forms for FY 2024-25 already available, now is the ideal time to prepare and avoid last-minute mistakes.

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)…

The Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26,…

Learn how to manage capital gains and tax treatment for property sales. Find out how to claim exemptions under Section…

However, the process is yet to commence, as the Income Tax Department has not officially notified the ITR forms required…

So, if your employer deducted taxes based on the old tax regime, you can still shift to the new regime…

This user-friendly option allows individuals to pay income tax through various methods such as net banking, debit card, over-the-counter payments,…

Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section…

Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.

The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption…

If you file Income Tax Return (ITR) every year, then you will need to be more cautious than before while…

The updated return (ITR-U) allows taxpayers to voluntarily disclose unreported income or rectify errors in previously filed returns.

Total income must be equal to or more than that in original return.

If a taxpayer fails to meet the December 31 deadline for filing a belated return, they will forfeit the entitlement…

Income Tax Return Filing AY 2024-25: If you missed reporting foreign assets in your ITR for AY 2024-25, file a…