Income tax scrutiny: Who could receive a tax notice by June 30 and what to do if you've made a mistake
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...
ITR scrutiny alert: Income Tax Department identifies 6 categories of returns for mandatory scrutiny in FY 2026-27
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...
Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claimITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exe...
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...
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 ...
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...
ITR-1 form for AY 18-19 now available for e-filingThe new ITR forms for the AY 2018-19 mandate the salaried class assessees to provide their salary breakup, and businessmen their GST number...
CBDT declares Aug 31 as deadline for clearing pending ITRs, refundsThe department had introduced the e-validation of ITRs by using the Aadhaar and bank account numbers last year.