The new financial year has begun, and with it, a question has started to arise in the minds of taxpayers: when exactly will the process of filing Income Tax Returns (ITR) commence? If you, too, are ...
Kar Saathi is intended to address long-standing issues of information gaps and complexity in the tax ecosystem. Many ...
In India, asset transfers are subject to capital gains tax in the year of transfer, with mandatory reporting in ITR-2 or ...
ITR forms for AY 2026-27 are out, but taxpayers can’t file returns yet. Filing is expected to start around June only, while ...
While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms 2, 3, 5, 6 and 7, as well as ITR-U (for filing updated returns) ...
New Income Tax Return forms are now available for Assessment Year 2026-27. The updated ITR-U form allows taxpayers to correct past filings. This updated return can be filed for up to four years.
Taxpayers claiming deductions under Section 80GGC are required to disclose the name and PAN of the political party receiving ...
The ITR-U form, first introduced in 2022, continues to play a key role in helping taxpayers correct mistakes. It allows individuals to file a return if they missed the original deadline, report ...
As the July 31 filing deadline approaches, here are some of the notable changes you may encounter when submitting your tax ...
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The Income Tax Department has introduced Kar Saathi, an AI chatbot designed to assist taxpayers with queries, forms, and ...
A key change this year expands eligibility, allowing taxpayers to report income from up to two house properties in ITR-1 and ...