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CBDT ITR FILINGS
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
Key changes in ITR 1, 2, 3 and 4 forms in FY 25-26: Reporting of LTCG, buyback losses, F&O, intra-day trading & more; what new forms includeThe Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and for...
Did you donate to a political party or plan to do so in the future and claim an income tax deduction? New ITR forms require extra disclosure, check what to reportNew income tax return forms for Assessment Year 2026-27 demand greater detail on political party donations. Taxpayers seeking deductions un...
ITR filing 2026: New disclosure rules on donations, F&O & more explained
US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3New Income Tax Return forms have removed ITR-1 and ITR-4, requiring US 401(k) and overseas pension account holders to now use ITR-2 or ITR-...
ITR filing: 4 disclosures you need to be ready with in new financial yearIndia’s tax department has rolled out updated ITR forms for FY 2025–26, introducing tighter disclosure norms while keeping the overall stru...
ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explainedStarting April 1, 2026, new Income Tax Act and Rules bring significant changes for Tax Year 2026-27. Key updates include extended ITR due d...
New I-T Act marks new chapter in India's tax administration, step towards Viksit Bharat: CBDTIndia has a new Income Tax Act, 2025, effective April 1, 2026. This replaces the old 1961 Act, making tax rules simpler and easier to follo...
ITR forms yet to be notified by Income Tax Department: Will it lead to ITR filing deadline extension?ITR filing deadline 2025: The income tax department has not yet notified the income tax return forms. As the one month is about to pass, wi...
CBDT enables ITR filing for FY 24; 23,000 returns filed in 4 daysITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers. ITR-2 is filed by p...
CBDT announces new ITR forms for Assessment Year 2024-25The Income Tax department has notified the Income-tax Return Forms (ITR Forms) 2, 3, and 5 for the Assessment Year (AY) 2024-25, effective ...
E-filing of income tax return forms 1, 4 for FY2022-23 (AY 2023-24) has started via offline methodThe income tax return forms were notified by the Central Board of Direct Taxes (CBDT) in the February 2023, well after Budget 2023. This wa...
CBDT releases ITR forms for FY 2022-23 (AY 2023-24)There are no major changes in the ITR forms notified by the government. The income tax return forms will differ for taxpayers depending on ...
ITR filing: CBDT proposes one common ITR form for most taxpayers; know detailsThe Central Board of Direct Taxes (CBDT) has proposed to merge all the existing ITR forms except ITR 7. The income taxpayers will get an op...
Common ITR form for individuals in the worksThe Central Board of Direct Taxes (CBDT) has proposed a common income-tax return (ITR) for individuals by merging all the existing returns ...
Order of ITR filing deadline extension to Sept 30 is fake: CBDTThere had been rumours that the deadline may be extended again. There had been images of an order issued by the CBDT circulated in social m...
No change in ITR forms, only utility software updated: CBDTCBDT issued a statement saying the updating process of these forms' utility software does not hamper the filing of returns, the deadline fo...
CBDT extends deadline for sending ITR-V by postThe CBDT has extended the deadline for filing a fresh ITR-V to March 31 for cases where postal receipts did not reach the tax office in Ban...