With the online filing of ITR-5 and ITR-7 now enabled, here is a clear breakdown of who should use these forms, what categories are covered, and the important deadlines to keep in mind.

Income Tax Return (ITR) filing 2024: The ITR filing can be a challenging task for a first-time taxpayer as it requires understanding the process, keeping ready key documents and identifying the ...

The Income Tax Department has released the Excel utility for Income Tax Return (ITR) Form 6 for the assessment year 2025-26, enabling eligible companies to file their returns for the financial year ...

Now, the question is- Is it mandatory to define the nature of employment while filing a return of income? The answer is yes, it is mandatory to define the nature of employment while filing of return ...

Audit taxpayers 6-7 months (April-October) 2-3 months (utilities released mid-July to mid-August) Also read: Father shows only Rs 1,690 income in ITR after selling house worth Rs 67 lakh, wins case in ...

The deadline for filing Income Tax Returns (ITRs) for financial year 2024-25 (assessment year 2025-26) is September 15, 2025.

For taxpayers with business or professional income, Form 10-IEA is mandatory to continue under the old regime and claim deductions and exemptions. Missing the September 15 deadline could lock them ...

One of the most prevalent errors is selecting the incorrect ITR form. For instance, many taxpayers mistakenly choose ITR-1 when their income type necessitates the use of ITR-2 or ITR-3. This misstep ...

A circulating notice has added confusion regarding the Income Tax Return (ITR) filing deadline, suggesting it's been extended to September 30, 2025.

ITR filing 2025: A growing number of tax experts and chartered accountants have raised concerns over persistent glitches on the Income Tax Department’s e-filing portal, warning that technical delays ...

Early tax filing has several advantages, as it allows the taxpayer to carry forward losses, avoid late fees and ensures that refunds, if any, are processed faster.

Many citizens have taken to social media platforms and complained about not receiving their refunds for many days, up to ...