The Income Tax Department has started enabling online utility for filing income tax returns online. This means now eligible taxpayers can start filing their ITR through the e-filing online portal for ...
If you’re a small business owner, professional, or self-employed individual earning up to Rs 50 lakh annually, the ITR-4 (Sugam) form might be your easiest route to file taxes for AY 2025–26. The ...
The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and ...
Income Tax Department gives the taxpaying citizen an opportunity to file a revised income tax return (ITR) and an updated ITR ...
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 ...
ET Online Missed the December 31, 2025 deadline to file revised ITR? Here’s what to do in tax refund cases (AI generated ...
CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...
Hundreds of taxpayers across India have reported receiving alerts from the Income Tax Department stating that their income ...
Learn why NGOs must file ITR correctly, avoid mistakes, and stay compliant to protect tax exemptions and donor trust.
Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.
The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially ...