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 ...

Later, ITR forms 5 and 2 were notified on May 1 and May 3, respectively. These forms are meant to be used for filing income tax returns (ITR) for FY 2024-25. Let us understand which income tax ...

There are different stages of income tax return filing. Once you file your income tax return, the next step is to verify it. Upon processing of your filed and verified income tax return (ITR ...

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.

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 ...

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July ...

As the July 31 deadline for filing Income Tax Returns (ITR) for the financial year 2024-25 approaches, experts are warning taxpayers to tread carefully and avoid common pitfalls that can lead to ...

Tax filing season is here, and knowing your deadline can save you a lot of last-minute stress. The Income Tax Department has now released all seven income tax return (ITR) forms for the assessment ...

The income-tax department has made significant changes to the ITR forms. (Freepik ... of up to Rs 1.25 lakh from listed equities to file returns. The income-tax department has made significant ...

Octavio Sarmiento Jr., owner of ASSA Designs LLC, is accused of permit fraud ... As part of the same court filing ― in Collier Circuit Court ― Sarmiento offered up his defenses.