The income tax return (ITR) filing season for Assessment Year 2025-26 is now open. Every taxpayer, including salaried individuals, must file their returns using one of the seven ITR forms available ...
New ITR forms under Income Tax Act: The government is set to notify new Income Tax Return (ITR) forms under the upcoming Income Tax Act, 2025 before the financial year 2027–28, according to Minister ...
The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...
India's new Income Tax Act, 2025, effective April 1, 2026, aims to simplify tax rules and enhance compliance. Key changes ...
Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this one-year period, except for paying additional interest at 0.5% per month ...