The Income Tax Department has officially notified all seven Income Tax Return (ITR) forms for Assessment Year (AY) 2025-26. However, taxpayers are currently unable to file their returns as the corresponding e-filing utilities have not yet been made available on …
ITR Filing Made Easy with Digital Form 16: A Game-Changer for Taxpayer In a significant move towards simplifying the income tax return (ITR) filing process, the Income Tax Department of India has rolled out the Digital Form 16, an upgraded and electronically generated …
As of May 16, 2025, the Income Tax Department has yet to enable the e-filing utilities for Income Tax Return (ITR) filing for Assessment Year (AY) 2025-26. Although all ITR forms (ITR-1 to ITR-7) have already been notified, the utilities …
The new portal is designed to retain the key services of IEC 2.0, which include e-filing of Income Tax Returns (ITR), submission of statutory forms, and other services. The Income Tax Department is set to revamp its e-filing portal with …
Know about the consequences of filing Income Tax return (ITR Filing) after the deadline of 31 July 2024 For individual taxpayers whose accounts do not require auditing, the last date to file income tax returns (ITR filing) for FY 2023–24 …
High-value transactions, including bank deposits, mutual fund investments, property dealings, and share trading, are scrutinized by the IT Department Taxpayers should be aware that high-value transactions exceeding specific limits are closely monitored by the Income Tax Department. Failing to disclose …
Why You Should File Your Income Tax Return with Utmost Care in 2024 Filing your income tax return can be a highly stressful task, especially as deadlines approach. Procrastination adds unnecessary stress that can be easily avoided with timely preparation. …
Whether NRIs need to file ITR when there is no income in India A Non-Resident Indian (NRI) is an individual holding an Indian passport and citizenship but residing outside India for employment or business purposes. According to the Income Tax …
Income Tax Return (ITR) Filing The last date for filing income tax returns (ITR) for the financial year 2023-24 (assessment year 2024-25) is July 31, 2024. If you miss this deadline, you can still file a delayed return until December …
Starting next week, from April 15, the Central Board of Direct Taxes (CBDT) has directed its field officers to reach out to these individuals having TDS but failed to file their Income Tax Return. The Income Tax Department is set …