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 ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

Taxpayers get an extension until September 15th to file income tax returns for the financial year 2024-25, specifically for those not requiring audits. Accurate filing requires cross-checking income ...

Q1. What are the different ITR forms? The Income Tax Department has prescribed multiple forms for different categories of taxpayers: ITR-1 (Sahaj): For individuals with income of up to Rs 50 lakh. ITR ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Filing Income Tax Returns (ITR) may be ...

Income tax refunds are significantly delayed this assessment year, with processing times extended even for routine cases.

ITR Form: Income Tax Return (ITR) is a form that every taxpayer in India needs to file with the Income Tax Department every year. It shows your income, expenses, deductions, and tax paid. Filing ITR ...

The CBDT includes “or extended” in the July ITR Form for non-audit individuals due to frequent deadline extensions, while keeping October deadlines fixed for audit-related ...

Income tax return due date: With the income tax return (ITR) deadline just around the corner, many taxpayers are rushing to file their returns ahead of the due date. However, some taxpayers are yet to ...

ITR Filing Deadline: Before sitting down to file returns, taxpayers should keep ready Form 16 from their employer, Form 26AS, the Annual Information Statement (AIS), PAN and Aadhaar details, bank and ...