While filing an income tax return (ITR), it is important to choose the correct ITR form. For individuals with more than one source of income— for example, a salaried person who also invests or trades ...
The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26). The income tax department has notified all seven income tax return forms for the assessment ...
Taxpayers across the country are increasingly filing incorrect and incomplete ITR forms, this has resulted in triggering ‘defective return’ notices under Section 139(9) of the Income Tax Act over ...
Income Tax Return (ITR) e-filing FY 2024-25: Those with freelance income must file ITR-3 or ITR-4 forms. EY India's Amarpal Chadha advises that income from independent work falls under “Profits and ...
Income Tax Return: As we enter the tax season, taxpayers must file their Income Tax Return (ITR). The deadline to file ITR 2025-26 is 15 September. While filing their tax return, every taxpayer should ...
The Income Tax Department has introduced new ITR-1 and ITR-4 forms for FY 2024-25, simplifying tax filing for individuals with long-term capital gains up to Rs 1.25 lakh from listed equities. These ...
With stricter validation checks and evolving tax return formats, a growing number of taxpayers across India are facing issues related to incorrect or incomplete Income Tax Return (ITR) filings. The ...
ITR filing: The Central Board of Direct Taxes (CBDT) released the Income Tax Return form-2, or ITR-2, for the fiscal year 2024-2025 on Monday, following the recent notification of ITR forms 1, 3, and ...
The Central Board of Direct Taxes (CBDT) has announced the implementation of the Income Tax Updated Return form, known as ITR-U, following amendments introduced in the Union Budget 2025. Effective ...
The annual income tax return (ITR) filing exercise is often tedious, as it involves a lot of paperwork, complex forms, rules and often glitches in the annual information statement (AIS) and even ...
The Income Tax Department has so far released only the offline and online utilities of ITR-1 and ITR-4 to enable income tax return (ITR) filing. However, corresponding utilities for other ITR forms, ...
The deadline for filing Income Tax Returns (ITR) for the financial year 2025-26 is just around the corner—September 15, 2025. Taxpayers who are yet to file must act quickly, but also carefully. Filing ...