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-...
New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
ITR filing season starts: Income Tax Return forms ITR-1, ITR-2, ITR-3 and others notifiedThe government has released income tax return forms for AY 2026-27, allowing taxpayers to file by July 31, 2026. However, ITR-1 is not for ...
I-T Department notifies ITR forms 1, 4 for AY 2025-26With the notification, individuals, HUFs, firms having income up to Rs 50 lakh and those having earnings from business and profession in th...
Who can and cannot file income tax return using ITR-1 for FY 2022-23?Not everybody can file ITR-1 (Sahaj) especially if they have any income from capital gains or income from cryptocurrencies or virtual digit...
Early availability of ITR forms will improve ease of filing returns, says CBDTIt can be attributed to facilitate taxpayers and to improve the ease of filing. As per the dept, no significant changes have been made to t...
Over 4.86 cr ITRs filed for FY21 so far, nearly 19 lakh filed on Dec 28"A total of 4,86,34,306 #ITRs have been filed upto 28.12.2021 including 18,89,057 #ITRs having been filed on the day itself," the departmen...
Over 4.67 cr ITRs filed so far, 15.49 lakh alone in single dayOver 4.67 crore Income Tax Returns have been filed including over 15.49 lakh ITRs filed on December 27 alone, the I-T department said on Tu...
Over 4.51 crore ITRs for FY'21 filed till December 26ITR-4 can be filed by individuals, Hindu Undivided Families (HUFs) and firms with total income of up to Rs 50 lakh and having income from b...
Over 4.43 cr income tax returns filed till Dec 25 for FY'21ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler Forms that cater to a large number of small and medium taxpayers. Sahaj can be filed ...
Which ITR form applies to you for financial year 2017-18?The new forms incorporate the changes brought about in the Finance Act, 2017. This year forms have been notified well in advance, providing...
Income tax department wants to know a little bit more about youBy collecting more specific information from taxpayers through its new forms, the income tax department aims to check tax evasion.
Income tax return forms for FY 2017-18 releasedCBDT has been quick of the mark in releasing these forms right at the start of the assessment year to enable people to start filing their r...
All about income tax return form SahajITR 1/Sahaj can be used only by individuals who have income from salaries or one house property or other sources of income.
Government notifies simplified ITR forms; e-filing to start from tomorrowThe e-filing facility for ITR-1 is enabled from April 1 and ITRs can be filed till the stipulated deadline of July 31.
I-T department activates e-filing for three more ITRsCBDT had notified the new forms on March 30 and ITRs can be filed till the stipulated deadline of July 31.
I-T dept launches tax calculator; e-filing of few ITRs beginsThe calculator works once a filer correctly feeds his basic details and information, as notified for the current assessment year by the gov...