The CBDT has notified the ITR-2 form for FY2024-25, effective from April 1, 2025, which will be applicable to the majority of ...

Later, ITR forms 5 and 2 were notified on May 1 and May 3, respectively. These forms are meant to be used for filing income tax returns (ITR) for FY 2024-25. Let us understand which income tax ...

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 ...

ITR-2, ITR-3, ITR-4 and ITR-5. Within a few days, the excel utility will also be shared by the department. Thereafter, taxpayers can start filing their income tax returns with ease with preloaded ...

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 ...

ITR filing: The Central Board of Direct Taxes (CBDT) released the Income Tax Return form-2, or ITR-2, for the fiscal year 2024-2025 on Monday, following the recent notification of ITR forms 1 ...

Earlier, these taxpayers were required to file more detailed and complex forms ITR-2/ITR-3," said Anita Basrur, Partner, Sudit K. Parekh & Co. LLP. She added: "In comparison, ITR Form 3 is more ...

Previously required to file the more complex ITR-2, these taxpayers can now use the simpler ITR-1 (Sahaj) and ITR-4 (Sugam) forms, respectively. This change addresses a specific inconvenience ...

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