
With ITR Forms 1 to 7 now notified by the Central Board of Direct Taxes (CBDT), taxpayers are eagerly waiting…
Before filing your ITR, it’s crucial to cross-check Form 26AS and AIS to ensure accurate income reporting and avoid missing…
Taxpayers in India can choose between two different regimes while filing their income tax returns — each with a corresponding…
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…
Confused between ITR-1 (Sahaj) and ITR-4 (Sugam)? Here’s a simple guide to help you choose the right income tax return…
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…
FY25 ITR forms require taxpayers to split capital gains based on asset sale date—before or after July 23, 2024—due to…
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…
Form 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of…
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.…
Although the structure of most of the forms remains the same, some important changes have been made in them to…