Filing your income tax return can be confusing, especially when it comes to choosing the right form. Two forms that often leave people puzzled are ITR-1, also known as Sahaj, and ITR-4, also known as ...
The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...
The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...
Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...
Key changes include easier language, streamlined ITR forms, the introduction of a clear "Tax Year" concept, and reduced ...
Generally, the delay in transactions is due to technical reasons. However, refunds are typically credited into the bank ...
The ITR filing date for FY 2024–25 was extended twice, first by 46 days to September 15, and then by an additional 24 hours, ...
Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...
CBDT will be sending SMSs and emails to taxpayers who’ve been identified as not disclosing foreign income and assets in the ...
Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...