Choosing the wrong ITR form can render your returns defective, delaying processing and, hence, the refund of any excess tax ...

For salaried employees, Form 16 is not only a regular form—it's the basis of your income tax return. Your employer issues it ...

The Income Tax Department has revamped the ITR-2 Excel Utility for AY 2025–26 with six key upgrades. Experts warn that filing ...

The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, enabling income tax return filing for FY 2024-25 (AY 2025-26). This year, the ITR forms underwent various ...

Salaried individuals will be required to file ITR forms for financial year 2024-25 and assessment year 2025-26. However, self ...

This has brought relief to crores of taxpayers who were not able to file their returns properly till now, especially those ...

The recent spate of scrutiny notices from tax authorities highlight the need for meticulous reporting and compliance while ...

NEW DELHI : The income tax department has finally released the utilities for income tax return (ITR) forms 2 and 3, allowing ...

Taxpayers filing ITR-2 and ITR-3 using Excel utilities can encounter errors leading to incorrect tax calculations and potential rejection of returns. Experts recommend downloading pre-filled JSON data ...

Many individuals, unaware of the correct ITR form for their income sources, inadvertently submit ITR-1 despite having capital gains, foreign income, or professional earnings—none of which are ...

With the ITR filing deadline for FY2024-25 extended to September 15, taxpayers with rental income can lower their tax burden through smart deductions. From municipal taxes to home loan interest ...

ITR-6, and ITR-7 utilities is delayed due to technical integration difficulties, raising concerns as deadlines near. Experts cite evolving reporting needs as key factors.