Understand why ITR-2 and ITR-3 utilities are delayed for AY 2025-26, impacting taxpayers and professionals, due to policy ...

Filing your ITR is not enough. You must verify it too. If you forget, the tax department treats it as if you never filed it ...

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

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

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

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

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

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

While the new regime is now the default, the government still gives individuals the option to choose what works best for ...

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

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 ...

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