
The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns…
Resident Indians must report foreign mutual fund holdings and other overseas assets in ITR under Schedule FA. Know how to…
A Parliamentary panel has recommended key changes to the new Income Tax Bill, 2025, including allowing late ITR filers to…
NRIs with India-sourced income must file ITR using Form ITR-2, but need not disclose foreign assets or income unless resident.…
The Income Tax Department has unearthed fake deductions worth Rs 1,045 crore, withdrawn by 40,000 taxpayers after AI-based verification and…
To identify such irregularities, the tax department has leveraged technology tools, including data analytics, third-party sources, conduct intelligence and advanced…
If your capital gains exceed ₹1.25 lakh, filing ITR-1 will make your return invalid.
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,…
The Income Tax Department has made scrutiny compulsory in certain cases for FY 2025-26. From past tax raids to wrong…
Even small errors in filing ITR can lead to a big trouble. Here are some common mistakes that you should…
The Income Tax Department has released updated Excel utilities for ITR-1 and ITR-4 (AY 2025-26), introducing significant changes for taxpayers…
This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections.…
The delay in releasing the e-filing tools has caused some people to wonder if the tax return deadline will be…
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…
The electronic version of Form 16 is generated directly from the TRACES portal by employers — guaranteeing consistent and accurate…
This year, the tax department was a bit slow in notifying all ITR forms, and that is understandable as there…