Diabytes
ITR Filing News
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The new income tax bill will make filing taxes easier for common citizens and small businesses.
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Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the relevant option on the ITR-1 or ITR-2 form.
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If you have chosen old tax regime, you need to be mindful of the deadline and the fallout in the event of missing those.
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CBDT has directed that returns of income filed electronically upto 31.03.2024 which have been erroneously invalidated by CPC shall now be processed.
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Taxpayers who sold their property, plot of land, or even shares during the financial year 2024–25, can choose between old regime (with indexation) or new regime (without indexation).
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The introduction of pre-filled returns, automation in refund processing, real-time TDS adjustments and online grievance redress mechanisms has led to reduced delays by as much as 81 per cent and improved taxpayer experience, according to official figures.
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Under the download section of the income tax department’s e-filing ITR portal, you can navigate to download the ITR-2 and ITR-3 utilities. Once downloaded, you will get a windows zip file from which the excel file can be obtained.
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Filing ITR as an NRI can be confusing, we have made an step by step guide to help you with this process
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Important income tax return utilities like ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7 for Assessment Year (AY) 2025-26 have not yet been made available, leading to speculations that the CBDT may announce yet another round of deadline extension.
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Filing Income Tax is just around the corner many people have forgot the login credentials here are few steps to reset your credentials.
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Tax expert CA Nitin Kaushik warns that using the wrong ITR form or making mistakes in reporting capital gains can lead to tax notices, refund delays, and even penalties.
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These deductions cover investments, health insurance premiums, home loan interest, and more, helping you minimize your tax burden and maximize your savings while filing your ITR.
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INCOME TAX FILING 2025: If you choose the new tax regime, you would not be able to claim the following 7 major deductions, check them out.
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Old Tax Regime Vs New Tax Regime: The new tax regime under Section 115BAC of the Income Tax Act offers lower tax rates in exchange for giving up most exemptions and deductions.
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Tax filers who have filed thair ITR Assessment Year 2023-24, but haven’t got any information on refund, should know how November deadline could bring good news.
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You can check your refund status online through the Income Tax e-Filing portal or the NSDL TIN website --here's a detailed guide.
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The returns for incomes earned during the financial year from April 1, 2024, to March 31, 2025, have to be filed using the new forms.
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The new push comes as part of a comprehensive plan to bring elusive businesses, that escape the taxman’s lens due to limited availability of data, into the tax net and increase the country’s revenue collections.
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Are you planning to shift from old to new tax regime during actual ITR filing this fiscal? keep the following things in mind.
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The CBDT has said that luxury goods of value exceeding Rs10 lakh will attract TCS (tax collected at source).
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