The Income Tax Department has notified the income tax return forms for FY 2024-25 (AY 2025-26), incorporating the changes in tax laws announced in the July 2024 budget. However, taxpayers will have to ...

The Income Tax Department has rolled out online filing facilities for ITR-1 and ITR-4 for Assessment Year 2025–26. Taxpayers can now file their returns through the e-filing portal, which includes ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...

The ITR filing date for FY 2024–25 was extended twice, first by 46 days to September 15, and then by an additional 24 hours, ...

Tax practitioners attribute the slump to a combination of delayed ITR form releases, tighter verification rules, and ...

Reliable tax calculators make filing for AY 2025-26 easier and more transparent. They offer precision, speed, and clarity ...

Highlights the legal obligations of timely ITR filing, penalties for delays, and the benefits of maintaining a clean financial ...

The delay is mainly due to high-value ITR filing, which the department is carefully scrutinizing to avoid any mishap. That ...

Submit response with supporting proof such as challans, Form 16, etc.

Explains why returns get shifted to the Old Regime due to missed deadlines or form errors and outlines when rectification is ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...