One of the key highlights is that taxpayers now get more time up to 48 months to file updated returns, a significant ...

If you do not pay attention to some things while filing an income tax return. Then you may have to face trouble. Let us tell ...

The new ITR forms also require more detailed disclosures related to the choice of personal tax regime. Taxpayers who opt out of the default new regime must file Form 10-IEA. If this form is filed ...

“Taxpayers should wait for SFT (statement of financial transaction), AIS, and 26AS to be updated before filing the ITR. If you file early, you can rectify it before 31 December if there is any ...

ITR Filing: Income Tax Return (ITR) is a form used to file your income and tax during a financial year to the Income Tax Department of India. For the financial year 2021-22, the last date for ...

ITR Filing 2025: With the Income Tax Department notifying all the ITR forms with several changes to accommodate several tax-related announcements, including those about capital gains reporting and ...

Income Tax Return Filing 2025: The Central Board of Direct Taxes (CBDT) has notified all Income Tax Return (ITR) forms — from ITR-1 to ITR-7 — for the financial year 2024-25 (tax assessment ...

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.

Notice under Section 143(1) is one of the most frequently received income tax notices. It is issued by the Income Tax Department when there are discrepancies, errors, or incorrect claims in the income ...

ITR-7 ) for Assessment Year 2025-26, and introduced multiple taxpayer-friendly changes while maintaining the core structure of these income tax filing forms. These forms for financial year 2024 ...

The good news is that the Income Tax Act allows individuals to switch between the old and new tax regimes at the time of filing their ITR. This means that even if a salaried employee had opted for ...