The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...
AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance ...
ITR filing FY 2024-25: The Income Tax Department has extended the ITR filing deadline for AY 2025-26 to September 15, 2025, for non-audit taxpayers. This extension, from the usual July 31st, ...
The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26). The income tax department has notified all seven income tax return forms for the assessment ...
Filing an ITR, even with zero or low income, provides a host of advantages. The common perception that filing an Income Tax Return (ITR) is only for salaried professionals or business owners is a ...
ITR 2025: The income tax return (ITR) filing season is back and taxpayers are busy arranging documents for filing of their return. Here, we list out top 7 things that salaried taxpayers should be ...
If you cross the due date of filing ITR, you will have to pay a penalty of Rs 5,000. However, the penalty depends on your annual income. For example, if the annual income of an individual does not ...
Tax advisory platform TaxBuddy has shared a post on X regarding the modus operandi of the Tax refund scam.
For 2024–25 (2025–26 assessment year), the Income Tax Department has released seven different income tax return (ITR) forms—IITR-1 to ITR-7—each tailored to a taxpayer type. Choosing the correct one ...
ITR Due Date Extension 2025 Highlights: The last date to file income tax returns (ITR) for AY 2025-26 ends on 16 September. The ITR filing deadline was extended by a day by the Centre from 15 ...
The I-T Department issues different forms for different types of taxpayers. This is based on their income sources, level of income, residential status, and legal status of the taxpayer, among others.