To encourage voluntary compliance, Government of India, in Finance Act 2025, extended the time limit to file the updated ...

The Income Tax Department has officially notified the updated return form, called ITR-U, allowing taxpayers with an extended ...

The Central Board of Direct Taxes (CBDT) has also released most of the ITR forms, ranging from Sahaj, Sugam, ITR-2, ITR-7 to ...

Filing an income tax return can feel intimidating, especially for those who are new to the process or worried about missing ...

As of May 20, 2025, there is no update on the e-filing portal of the tax department, while forms from ITR-1 to ITR-7 have ...

The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Updated Return form, known as ITR-U. The form comes ...

Form 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of tax by the employer on ...

The number of pensioners paying income tax at the higher (40 per cent) or additional (45 per cent) rate has doubled in just ...

While filing ITR-1 and ITR-4, taxpayers can now file returns even with long term capital gains under sections 112A (up to ...

Notable updates include simplified reporting for small capital gains, relaxed asset disclosure requirements, and detailed ...

The income tax department has not yet notified the income tax return forms. As the one month is about to pass, will the late ...

Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions ...