Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...

The individual has never filed an ITR due to nil tax liability but now needs to for a home loan. They plan to file online, ...

Experts say there exists many flaws, glitches, etc with the e-filing ITR portal. Although these issues might seem small but collectively these add up to a bigger grievance. For example: When a notice ...

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

1) Nil return or a return of a loss 2) Has the effect of decreasing the ... t have any additional tax liability, you can't file an updated ITR. Can you file ITR-U if your total income is below ...

2, 3, 4 and 6 on the Income Tax Department’s e-filing portal for filing of income tax returns for the financial year 2023-24 (AY2024-25). The income tax return (ITR) form enables taxpayers to ...

Filing tax returns is a ... the need to revise the original return: Errors in personal information Wrong bank account details Wrong selection of ITR form Not declaring all incomes Not claiming ...

The last date to file tax return for AY 2024-25 ended on July 31, 2024 and the deadline for belated and revised ITR filing was December 31, 2024. “The Central Board of Direct Taxes (‘the CBDT ...

If you want to discard the saved return and start preparing a new one, click Start New Filing. Select the Status which is applicable to you, click Continue Step 6: After selecting the ITR form ...

Taxpayers must note that they cannot file updated returns to lower the tax liability in the original return or to claim ...