Tax Filing

ITR filing 2025: How the Updated Return facility gives taxpayers a second chance to get it right

Tax return: If a taxpayer misses the December 31 deadline for filing belated return, she can still file an updated return (ITR-U) under Section 139(8A) of the Income-tax Act within four years from the end of the relevant assessment year.

ITR-3 form is now live: Check who is eligible and key changes

Taxpayers, who fall under ITR-3 category such as those earning from futures and options trading, can now file their returns before the September 15 deadline

New I-T Bill intended to simplify language, law remains same on search, seizure, says tax panel chief Panda

BJP vice president and chair of select committee on new I-T bill Baijayant Panda explained the new tax law has tweaked the language to adjust to the digital era, but the law remains the same

Scrutiny shows 7-8 lakh HNI taxpayers likely earn over Rs 1 crore annually but ITRs show less income

Income tax authorities are monitoring high-value spending of taxpayers through TCS and TDS, foreign remittances, and examining GST data to assess the spending of HNIs, sources have told Moneycontrol.

Budget 2025: Old vs. New Tax Regime – Which One Saves You More? | Explained

Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure? We break down the latest slabs, tax rates, and savings for different income levels. Watch now to find out which regime is best for you!

ITR filing last date: Disclosing foreign assets in your ITR? Bear these points in mind

ITR filing 2024: If a resident individual acquires a foreign asset in July 2023 in a country that follows the calendar year for tax filing, the individual must report it in the ITR for FY 2023-24. Similarly, foreign assets acquired in February 2024 must be reported in the ITR for FY 2024-25.

ITR 2023-24: Failing to file income tax return could land you in jail. Check how to avoid prison and penalties

Here’s an easy-to-understand guide for all the taxpayers to cut through the maze of tax laws and help understand who needs to file their returns and what if they don’t

Last-minute income-tax filing: Review your Annual Information Statement first

ITR filing deadline: Verifying the information in your Form-26AS and AIS will ensure that you do not miss out on reporting any income. Failure to disclose any income could result in notices from the income tax department.

ITR filing: How to report F&O trading income in your income tax returns

Income tax: People with F&O income or losses should report it in ITR-3, which is for Individuals/HUF. Those opting for the presumptive taxation under section 44AD have to file ITR-4.

Byju's failed to deposit TDS with Govt since last year, claim employees

Not depositing tax deducted at source of employees is a prosecutable offence for which a company’s directors may have to go behind the bars, say tax experts

How to respond to an erroneous notice from the I-T Dept

Many cases are likely to be related to deductions claimed after submitting investment declarations to employers later than the specified date. Salaried tax-payers who have claimed legitimate deductions at the time of filing returns need not panic, say chartered accountants.

Income tax filing: 27% of taxpayers yet to file returns, monsoon blamed for delay: Survey

Filing income tax returns: The findings show that while 70% have filed their returns, 5% have tried but faced difficulties. Another 8% said they would file by the end of the month. However, 14% said that they may be unable to file their returns within deadline

ITR Filing Due Date Extension: Will the July 31 due date for filing tax returns be extended?

Flood-affected regions such as Delhi, Uttarakhand, Himachal Pradesh and even parts of Gujarat deserve an extension, but it is unlikely that others will get any leeway, say chartered accountants.

How To Speed Up Your ITR Refund Process? Income Tax Return Refund Processing Explained

If you have filed your income tax returns, you must wonder how long it will take to get the refunds. Well, from an expert tax filer to a first-time filer, all of us come across various queries and concerns. So, in this video, we have talked about all such queries and more. Watch now to know about it.

ITR filing: Who can file ITR-2 and who cannot

If you're a salaried individual, a pensioner, or have income from multiple houses, capital gains, foreign assets/income, agricultural income exceeding Rs 5,000 per annum, or income from other sources, then ITR-2 is the form for you.

Income tax return filing: How long does it take to receive an ITR refund?

The sooner you file your ITR the earlier you will receive your refund. File it well in advance of the deadline.

Which Is The Right Income Tax Form For Salaried Professionals, ITR 1 or 2?

Filing the right ITR form is very crucial. As both the forms ITR-1 & ITR-2 are for salaried individuals, you should carefully choose the one is the right one for you. Watch this video where we explain the key differences between the two.

Tax filing: Five easy steps to file income- tax returns for the first time

Income tax returns: To file your ITR you have to register and create an account on the official portal of the Income Tax Department. Upon creating your account, it is highly recommended to prioritise setting up the e-filing vault. This additional security feature adds an extra layer of authentication when logging into your e-filing account, safeguarding your financial information from unauthorised access.

Income Tax Return filing: Things to keep in mind while filing taxes