The Income Tax Department has announced the eligibility criteria for various Income Tax Return (ITR) forms for the financial year 2024-25 (assessment year 2025-26). Taxpayers must determine which form ...

The Income Tax Department has notified the income tax return (ITR) forms for the financial year 2024-25 (assessment year 2025-26). This year's ITR forms have been updated to incorporate the income-tax ...

When a taxpayer discovers any error or wrong statement in filing the original Income Tax Return (ITR) submitted earlier. The ...

ITR Form: Income Tax Return (ITR) is a form that every taxpayer in India needs to file with the Income Tax Department every year. It shows your income, expenses, deductions, and tax paid. Filing ITR ...

Q1. What are the different ITR forms? The Income Tax Department has prescribed multiple forms for different categories of taxpayers: ITR-1 (Sahaj): For individuals with income of up to Rs 50 lakh. ITR ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and ...

Income Tax ITR filing due date extension: The Centre has increased the due date to file income tax return (ITR) for taxpayers after the official portal experienced severe glitches over three days, ...

Hundreds of taxpayers across India have reported receiving alerts from the Income Tax Department stating that their income ...