New ITR Form

Individuals with F&O trades, business income, or multiple sources must file ITR-3. Here's what's new in rules, risks, and return selection for AY 2025-26.

The offline Excel utilities for ITR-2 and ITR-3 are now live; know the major changes, who can use them, and tips for smooth filing this year.

'Filing a wrong ITR doesn't just stall refunds, it can trigger penalties and scrutiny if not fixed,' warns a tax expert

Section 433 of the new IT Bill, 2025, states that a refund must be claimed by filing a return - regardless of whether it is belated

Salaried individuals, small businesses and investors with minor gains can fill up these forms, say experts

ITR-U is applicable to any individual or corporate entity that has omitted or misreported income, missed deductions, or failed to file returns altogether.

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits popular tax deductions and exemptions

Revised documents have reporting requirements for digital assets and foreign income, seeking to enforce government's drive for greater disclosure

The new ITR 5 form brings sharper rules on capital gains, TDS, and buy-back losses, raising the bar on compliance for firms, LLPs, AOPs, and more

The Income Tax department has made filing your ITR-3 easier than ever by offering three ways to do it! This gives you the flexibility to choose the method that best suits your needs.

There are less than two weeks for filing your income tax returns. If somebody is working as a consultant or a freelancer, then the process of ITR applied is different

When filing your income tax returns, make sure you fill up and submit the correct form, such as ITR-1, ITR-2A, and ITR-2. This is based on what kind of income, exemptions from income, etc.

The offline Excel utility unlike the online version needs the taxpayer to download the form, complete it, and then upload it to the website for electronic filing

It is expected that the proposed ITR form will be applicable from FY 2022-23 onwards

The last date for filing income tax of AY 2022 is drawing close. We explain a few things which you should keep in mind before filing the tax return.

Experts said there aren't too many changes in the forms this year. "The forms have been largely kept unchanged," said Rohit Arora, advocate, Uttarakhand High Court.

Similar to AY 2017-18, a one-page simplified ITR Form-1 (Sahaj) has been notified for AY 2018-19 with certain modifications