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ITR FORM NEWS
ITR-5 and ITR-7 forms enabled for online filing: Who should file these income tax forms? What are their deadlines?The Income Tax Department has activated online filing for ITR-5 and ITR-7 forms, pre-filled with data, on its official website. ITR-5 and I...
Income Tax Filing Deadline: Excel utilities for filing updated returns in ITR-5, ITR-6, ITR-7 now available on Income Tax Department’s websiteThe Income Tax Department has released Excel Utilities for updated returns. These are for ITR-5, ITR-6, and ITR-7 forms. This applies to As...
Which ITR form applies to your income for ITR filing FY 2024-25 (AY 2025-26) ITR-1, ITR-2, ITR-3 or ITR-4?Income tax return forms ITR-1, ITR-2, ITR-3: The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, e...
9 changes in ITR-1, ITR-2, ITR-3, ITR-4 you need to know for FY 2024-25 (AY 2025-26) income tax return filingIncome tax return forms 2025-26: The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to fil...
Good news: Income tax dept to correct ITR forms to allow eligible taxpayers to claim section 87A tax rebate for FY 2023-24Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 and including...
ITR filing last date: Will there be any extension of the income tax return filing deadline?ITR filing last date: The deadline to file your income tax return (ITR) for the financial year (FY) 2023-24 is July 31, 2024. The income ta...
ITR deadline extended to August 31? Beware of fake news, warns Income Tax DepartmentLatest on ITR filing last date: The Income Tax Department stated that a clipping of the news is circulating on social media, claiming that ...
What to do when you get an income tax notice for claiming higher deductions in ITRRecently many individuals have received an income tax intimation notice asking them to explain why had they claimed higher amount of deduct...
How to claim HRA under old tax regime while filing ITRAn individual can save tax on the HRA amount received from employer if they have lived in rented accommodation during the previous financia...
Latest ITR forms have new section for cryptocurrency income: These details will be needed when filingThe new schedule for VDA requires details like date of acquisition, date of transfer head under which income to be taxed (capital Gain), co...
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: Which income tax return form is applicable to you for FY 2021-22?Income tax return (ITR) filing is mandatory if an individual's gross total income exceeds Rs 2.5 lakh in a financial year (FY). If an indiv...
Not done ITR verification for last year? Income tax dept is offering one-time reliefAn individual is required to verify ITR within 120 days of filing it as per income tax law. If the ITR is not verified, then it will be ter...
What to check in your Form-16 while filing ITRForm 16 contains details of the total salary paid to you by your employer and tax exemptions such as house rent allowance, leave travel all...
Which ITR form is applicable to you for FY 2020-21?The last date of filing an income tax return for FY 2020-21 i.e., December 31, 2021, is approaching soon. It is important that an individua...
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...
ITR filing for FY 2017-18: Here's a step-by-step guideIf you are someone who files your ITR on your own and need a little handholding to sail through the process, look no further. Here you will...
New ITR forms make it difficult to evade tax on HRA: Here's whyThe new forms for FY 2017-18, which were released on April 3, attempt to digitally collect as much information as possible to process tax r...
ITR-V verification deadline extended to 31st JanuaryIf you missed your 120 days ITR-V verification deadline, there is good news. The income tax department has extended the verification deadli...
Six things to know about the new income tax return formsThe good news now is that apart from doing away with some controversial provisions, the new forms -- ITR 2 and ITR 2A -- will have only thr...