ITR filing FY 2024-25: The Income Tax Department has opened the online e-filing of ITR-2 on the Income Tax Portal incometax.gov.in/iec/foportal/. The online ...

The Income Tax Department has notified the income tax return (ITR) forms for the financial year 2024-25 (assessment year 2025-26). This year's ITR forms have been updated to incorporate the income-tax ...

While filing ITR initially, taxpayers can often overlook certain things or make mistakes. However, the mistakes in the ITR ...

The IT department has issued a host of guidance for taxpayers to rectify any mistakes, revise returns, or file their belated ITR. It needs to be noted that your refund could be stuck if you do not ...

The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and ...

As the December 31 deadline for filing income tax returns approaches, taxpayers are often confused about the difference ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

Hundreds of taxpayers across India have reported receiving alerts from the Income Tax Department stating that their income ...

Taxpayers classified as resident and ordinarily resident must report overseas bank accounts, foreign shares or securities, ...

Taxpayers are entitled to their refund if the Income Tax Department's CPC fails to process their ITR within the statutory ...

Learn why NGOs must file ITR correctly, avoid mistakes, and stay compliant to protect tax exemptions and donor trust.