Seven different ITR forms were notified in April last year, so it is expected that the tax department will soon make available the required forms to ensure that the income tax return filing starts ...

The preparations for the filing of Income Tax Returns (ITR) for Assessment year 2025-26 are under way now. To manage the same efficiently, individual taxpayers are collecting the relevant ...

Income from freelancing should be reported under ‘’profit and gains from business and profession’’ while filing the ITR.

On April 29, the authorities announced ITR forms 1 and 4 for assessment year 2025-26, simplifying the filing process for individuals with long-term capital gains up to Rs 1.25 lakh from listed ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms ...

We have moved into a new financial year, and that means taxpayers are preparing to file their Income Tax Returns (ITR) for the assessment year 2025-26. The Income Tax Department usually notifies ...

Many Floridians have an extra two weeks to file their tax returns this year after the 2024 hurricanes, but if even that's not enough here's what to do.

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July ...

However, experts advise thoroughly reviewing the pre-filled data before submitting the return to avoid errors or delays. Advance Tax Deadline 2025: March 31, last chance to save tax & avoid excess ...

The traditional penalty for an individual who has not filed their taxes by the deadline is 5 percent of the tax due for each month the return is late. The penalty accrues up to a maximum of 25 percent ...