Non-TAN requirement: Tenants do not need a TAN (Tax Deduction Accountant Number) to file Form 26QC or issue Form 16C.

The Income Tax Department has released a new brochure detailing Tax Deducted ... city by a person who did not offer it in her Income Tax Return for capital gains tax. By the time assessment ...

However, in certain cases filing an ITR online becomes mandatory for individuals provided they have either some special incomes. Those with savings account deposits of more than Rs 50 lakh and ...

Like previous years, taxpayers can file their tax returns online and offline both ... returns in a smooth and hassle-free manner. Filing ITR is not only a legal responsibility but also important ...

With the government's push towards digitization, the process of filing ITR online has become much simpler and more efficient. Whether you are a salaried individual, a freelancer, or a business ...

There has been considerable growth in the number of income tax returns filed in FY25 over FY24 with respect to ITR forms i.e., ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5. With respect to ITR-2 ...

We have moved into a new financial year, and that means taxpayers are preparing to file their Income Tax Returns (ITR) for the assessment year 2025-26. The Income Tax Department usually notifies ...

The amount which is not utilized by the due date of filing of the ITR is required to be deposited in a bank account under the Capital Gains Account Scheme, which can be utilized for the same purpose.

Taxpayers in India are racing against time to file their updated Income Tax Returns (ITR-U) for the financial year 2022-23 (assessment year 2023-24) before the critical deadline of March 31 ...

The Bureau of Internal Revenue (BIR) on Friday called on taxpayers to pay taxes as they file their 2024 Income Tax Return (ITR) on or before April 15, 2025 to avoid penalties. In a statement, BIR ...