The Income Tax Department has now made it possible to file ITR-2 online for the financial year 2024-25. This means taxpayers can easily submit their returns through the e-filing portal without using ...

The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance ...

In most cases, refunds are issued within a few weeks to a few months. Delays may occur due to mismatches in TDS details, bank ...

While filing ITR initially, taxpayers can often overlook certain things or make mistakes. However, the mistakes in the ITR ...

The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially ...

I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Hundreds of taxpayers across India have reported receiving alerts from the Income Tax Department stating that their income ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

The hashtag, #Extend_Due_Date_Immediately, has again been trending on X for the past few days, amid the launch of the new ...

Learn why NGOs must file ITR correctly, avoid mistakes, and stay compliant to protect tax exemptions and donor trust.