You can move to another regime while filing Income Tax return, but maybe asked to pay extra tax if you change your choice says tax expert. Be ready for.
Income Tax returns valid selected for scrutiny or delayed due to taxpayer-related issues will not get relaxation
Completing these tasks in compliance will impact your tax refunds, returns and penalties
Salaried taxpayers can switch tax regimes yearly; business professionals face stricter limits
Completing the process even if your income is below taxable limit establishes financial credibility, say experts
Deductions missed in Form 16 due to late or non-submission of proofs can still be claimed while filing return
CBDT's new brochure breaks down tax benefits for retirees, covering exemptions, deductions, and filing ease, making post-retirement money matters clearer and easier to manage
ITR-U is applicable to any individual or corporate entity that has omitted or misreported income, missed deductions, or failed to file returns altogether.
NRIs must pick the right form to give information about their earnings and fill it up carefully, according to experts
Filing an ITR isn't just for paying taxes, it's a powerful tool for building financial credibility, accessing loans, securing subsidies, and opening doors to major opportunities, even with no tax due
Revised documents have reporting requirements for digital assets and foreign income, seeking to enforce government's drive for greater disclosure
Document revises the way taxes were reported for buyback proceeds, unlisted bonds and cruise shipping companies
The income tax department has notified ITR-7 for AY 2025-26 with key changes in capital gains reporting. Here's what trusts, NGOs and institutions filing under section 139 should keep in mind
If you want to file smoothly, avoid errors, and potentially save on taxes, here are some essential tips you should know before you get started
What is an Income Tax notice under Section 133(6)? How to respond if you get one? Experts outline what triggers the notice, how to deal with it, and how to stay off the radar?
Experts break down what first-time filers should know, from selecting the right ITR form to avoiding common mistakes
New ITR forms, stricter checks, filing your AY 2025-26 return? Here's what to watch out for to avoid delays, notices, or penalties
Freelancers, tax season doesn't have to be stressful. Get the lowdown on ITR filing, deductions, and common pitfalls to avoid. Stay informed and simplify your filing process with these expert's tips.
Forms has key changes on rules for capital gains, buybacks, Aadhaar as proof of identity
Experts unpack the new ITR-2 form for AY 2025-26, simpler for many, stricter for those with capital gains, foreign assets, or buybacks