Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late ...

Union Minister of State for Finance Pankaj Chaudhary recently revealed in Parliament that only 6.68% of India's population ...

Finance Minister Sitharaman revamped the income tax slabs in Budget 2024, enabling savings of up to ₹17,500. The standard ...

Extended due date for filing belated Income Tax Return till January 15, with penalties and consequences for non-filers.

Taxpayers now have the option to submit rectification requests online, even if their Income Tax Returns (ITRs) are under ...

Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 ...

The 2024 Union Budget reformed India’s income tax system, introducing new tax slabs and increased standard deductions. These ...

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

The CBDT has extended the deadline for filing income tax returns for residents to January 15, 2025, from December 31, 2024, ...

Once again salaried individuals will be required to file their income tax return (ITR) before the deadline for assessment ...