ITR filing 2025: Who can file ITR-1, who cannot file it for FY 2024-25 (AY 2025-26)?The Income Tax Department has released ITR forms for FY 2024-25, revising ITR-1 eligibility. Individuals with income up to Rs 50 lakh, incl...
Online ITR-2 filing enabled with pre-filled data: Income taxpayers with capital gains, crypto, other incomes can now file ITR-2 onlineITR 2 filing start date: The Income Tax Department has enabled online filing for ITR-2. Taxpayers with capital gains and crypto income can ...
Six changes in ITR-2 Excel Utility that all taxpayers should know before ITR filing for AY 2025-26The Income Tax Department released the Excel utilities for ITR forms. The ITR-2 excel utility has six changes for the assessment year 2025-...
Income tax slabs for ITR filing FY 2024-25 are different under new tax regime: Check detailsIncome Tax Slabs: Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is nec...
ITR filing 2025: Excel utilities for ITR 1 and 4 for FY 2024-25 (AY 2025-26) released by Income Tax dept; Check who can fileThe Income Tax Department has released the Excel utility versions of ITR Forms 1 and 4 for AY 2025-26, enabling taxpayers to prepare for FY...
ITR-2 for FY2024-2025 notified by Income Tax dept: There’s good news for Rs 50 lakh to Rs 1 crore income-earners, know other changes and moreThe CBDT has notified the ITR-2 form for FY2024-25, effective from April 1, 2025, which will be applicable to the majority of taxpayers, es...
Over 90 lakh updated tax returns filed, Rs 9,118 crore additional taxes mobilisedOver 90 lakh updated Income Tax Returns (ITR-Us) have been filed in the past four years, resulting in Rs 9,118 crore in additional taxes fo...
Will deadline for income tax filing change in the new Income Tax Bill?ITR filing in new Income Tax Bill: Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the complia...
US income tax season: Key points to know before filing your returnThis year, the official IRS filing and payment deadline is April 15. Once you file your taxes, you can track your refund on the IRS website.
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catchIncome tax rebate u/s 87A: Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500...
Deadline to declare foreign assets in ITR ends January 15, 2025: These two sources provide govt your foreign a/c infoForeign assets in ITR: Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with t...
What is the penalty for filing ITR after the deadline of July 31, 2024?Penalty for missing ITR filing deadline: The penalty for late filing of the Income Tax Return (ITR) applies to individuals who fail to meet...
ITR filing deadline: 5 consequences of not filing your income tax return todayITR filing deadline: Taxpayers who fail to meet the deadline for submitting a return have the option to submit a late return by December 31...
Last date to file ITR: #IncomeTaxReturn trends as users report e-filing portal glitches; will govt extend the deadline?Last date to file ITR:It is crucial to remember that there may be consequences if you file your income tax return after the July 31 filing ...
Missing ITR filing deadline can cost you much more than just late filing feeCost of missing ITR filing deadline: Missing income tax return filing deadline of July 31 not only leads to payment of penalty of up to Rs ...
ITR filing FY 2023-24 FAQs: Name of taxpayer in ITR does not match with name in PAN database; here’s what you can doITR filing FY 2023-24: The Income Tax Department has recently published a set of commonly asked questions (FAQs) to assist taxpayers with t...
Extend last date to file revised ITR for foreign tax credit in Budget 2024: ViewThe government in Budget 2021 reduced the time limit to file revised income tax return by three months i.e., from March 31 to December 31. ...