Income Tax filing is one of the most important financial exercises in a fiscal year. From April 1, 2024, the Income Tax Department enabled the online income tax return forms, ITR-1, ITR-2 and ITR-4, ...

The Central Board of Direct Taxes (CBDT) has officially notified the ITR-3 form for the assessment year 2025–26. This form is meant for individuals and Hindu Undivided Families (HUFs) who have income ...

Form 16 contains details of salary income, deductions, and exemptions. Illustration: Uttam Ghosh/Rediff.com Form 16 plays a crucial role in accurate filing of income-tax returns (ITR) by taxpayers.

The Income Tax Department offers different ITR forms, each designed for specific types of taxpayers. Filing income tax returns (ITR) can be a complex process, especially when it comes to selecting the ...

ITR Filing without Form 16: Almost all salaried taxpayers wait for their employers to hand over Form 16 to them for filing income tax return (ITR). Though Form 16 makes it easier to file tax returns ...

ITR filing 2024 season is underway with less than a week to go before the deadline to file income tax return for AY 2024-25 ends on July 31. The Income Tax Department has notified as many as 7 ITR ...

The deadline for filing income tax approaches each day, underscoring the importance for senior and super-senior citizens to grasp the specific tax benefits available to them. Many senior citizens ...

Facing rejection of your Income Tax Return (ITR) form can be inconvenient. However, the good news is that by familiarizing yourself with the common reasons for rejection, you can take proactive steps ...

Missed the income tax return deadline. Do not worry. You can still fix mistakes. File a rectification application under Section 154. This applies to errors found after your return is processed. This ...