First-time income tax filers often make easily avoidable mistakes that can lead to refund delays or scrutiny. Common errors ...

Despite over 75 lakh income tax returns being filed and more than 71 lakh verified so far this year, the Income Tax ...

Wait for the updated form as schema is pending. Pay pending tax on capital gains to avoid interest under Sections 234B/C. For ...

The deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible ...

The capital gains rules were amended effective July 23, 2024. The new capital rules have created confusion among those who ...

If a salaried person chooses the new tax regime for the financial year, they wont be able to claim most deductions. However, ...

Like every year, for AY 2025-26, taxpayers must choose between the new and old income tax regimes when filing ITR. The new ...

Filing an ITR doesn't guarantee closure. Notices may still arrive if the tax department detects inconsistencies, high-risk ...

Filing your Income Tax Return (ITR) for AY 2025-26 without a Chartered Accountant? It's now easier than ever, thanks to ...

Failing to e-verify the return is another costly mistake. Once the ITR is filed, it must be verified within 120 days, or else ...

Tax professionals express concerns to the Finance Minister regarding the CBDT's delayed release of ITR forms for AY 2025-26, ...

The Income Tax Department has selected approximately 1.65 lakh cases for scrutiny for Assessment Year (AY) 2025. This selection is part of a major compliance push ahead of the June 30 deadline, which ...