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

The release of ITR-2 and ITR-3 utilities is delayed, affecting taxpayers like salaried professionals, HNIs, and freelancers ...

Taxpayers preparing to file their income tax returns (ITR) for the assessment year (AY) 2025-26 will need a detailed set of documents, including income proofs, investment records, and tax deduction ...

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

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

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

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

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

The Central Board of Direct Taxes (CBDT) has extended the last date to file income tax return from July 31, 2025, to ...

The basic exemption limit varies depending on the chosen income tax regime. For the old tax regime, the limit is set at Rs 2,50,000, and for the new tax regime, it is Rs 3,00,000 for the financial ...

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is necessary to calculate their tax liability. This is because the income tax slabs ...

Filing your ITR for AY 2024-25 will now involve stricter rules, with the Income Tax Department demanding more detailed disclosures for popular deductions. From HRA claims to Section 80C investments, ...