Currently, there are 7 forms notified by the department - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. It is crucial ...

The Income Tax Department has introduced a new Excel-based utility for ITR-2 which was launched on March 25, 2025.

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the taxpayer categories, such as individuals, Hindu Undivided Family (HUF), ...

ITR-2 is meant for individuals whose annual income is above Rs 50 lakh or who earn from sources like rent, capital gains, or ...

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...

Salaried individuals with an income of up to Rs 12.75 lakh will have no tax liability after accounting for a Rs 75,000 ...

Taxpayers have two years from the end of the relevant assessment year to voluntarily correct errors or omissions in their ...

Most U.S. taxpayers must submit their 2024 federal income tax return by April 15, 2025. The IRS recommends e-filing for ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

The bill reduces the number of chapters from 52 to 23 and pages from 823 to 622, eliminating redundant and obsolete provisions. This structural simplification makes the tax code more accessible and ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes ...

Last chance to file updated Income Tax Returns for AY 2022-23 with additional tax penalties, consequences for non-compliance.