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 ...

Income Tax ITR filing due date extension: The Centre has increased the due date to file income tax return (ITR) for taxpayers after the official portal experienced severe glitches over three days, ...

ITR filing: The Central Board of Direct Taxes (CBDT) released the Income Tax Return form-2, or ITR-2, for the fiscal year 2024-2025 on Monday, following the recent notification of ITR forms 1, 3, and ...

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

Hi, my father owns two properties but earns no rental income from either. He has no stock or mutual fund investments and meets all other eligibility criteria for ITR-1. I’m unsure whether owning ...

The deadline for Income Tax Return (ITR filing) for Assessment Year (AY) 2025-26 was extended twice this year. Earlier in May, the due date was extended by 46 days till September 15. After this, ...

Learn to track your ITR's progress and correct any errors. Kindly note that this illustration generated using Microsoft CoPilot has only been posted for representational purposes. For many taxpayers, ...

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 ...

ITR Filing Season: E-payments are made using debit and credit cards, direct bank deposits, and e-checks; however, other e-payment methods such as e-wallets and bank transfers can also be used.

This guide explains that disclosure under Schedule FA is mandatory, even for zero-income foreign accounts or unsold RSUs. Following calendar-year reporting and proper documentation helps avoid ...

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 ...