Department has asked taxpayers to file an updated income tax return (ITR-U) before its deadline of March 31, 2024; failing ...

The Income Tax Department has issued an important advisory for taxpayers to file their Updated Income Tax Return (ITR-U) ...

Even after the due date, you can revise a return and change the tax regime, but only if the original ITR was filed by the due date of filing. In my opinion, you can file a revised ITR to correct ...

If you chose the new tax regime last year, you can opt for the old one this year — provided you make the decision before the ITR filing deadline (July 31, 2025). However, the old tax regime is ...

The window is likely to open on April 1, 2025, and remain open till July 31. The deadline for ITR filing is July 31.(Reuters) While ITR filing can be done online, some people might find it confusing.

Tax season can feel like a maze, especially with the alphabet soup of ITR forms on offer. But filing your Income Tax Return (ITR) right and on time isn’t just a civic duty; it’s a shield ...

For instance, those looking to update their return for the assessment year 2022-23 (financial year 2021-22) must file it before March 31, 2025. The provision for filing an updated return was ...

Filing your income tax return requires careful consideration of both the old and new tax regimes. A comparison of tax computations under both regimes will help determine which one results in lower ...

There has been considerable growth in tax filing vis-à-vis last year across income tax forms. For ITR-1, there was 0.11 percent growth, for ITR-2, the reported growth was 33.89 percent for ITR-3 ...

Old Tax Regime Vs. New – Which Saves You More? Your ability to switch between the two depends on your source of income. While ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

Marvin Madamba, a senior accounting major, volunteered with VITA last year and helped file about 40 tax returns. This year, he’s back as a co-coordinator — a volunteer with prior knowledge who ...