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...
13 May, 2025, 11.47 AM IST
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...
02 Jan, 2025, 10.49 AM IST
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...
31 Jul, 2024, 12.21 PM IST
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 ...
23 Jul, 2024, 11.41 AM IST
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...
19 Sep, 2023, 12.11 PM IST
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...
19 Jun, 2023, 01.26 PM IST
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...
16 Jun, 2023, 12.57 PM IST
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 ...
24 Apr, 2023, 03.35 PM IST
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...
15 Jul, 2022, 03.08 PM IST
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...
29 Dec, 2021, 12.09 PM IST
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...
22 Dec, 2021, 02.00 PM IST
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...
22 Dec, 2021, 11.12 AM IST
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...
19 Jul, 2019, 12.26 PM IST
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...
31 Aug, 2018, 10.09 AM IST
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...
12 Apr, 2018, 03.13 PM IST
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...
06 Jan, 2016, 10.37 PM IST
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...
11 Jun, 2015, 01.53 PM IST