Understand the implications of belated income tax return filing, including loss of refund interest, late fees, interest on ...

Taxpayers can now conveniently file their returns through the official e-filing portal with prefilled data, making the ...

However, tax experts caution against such haste while filing income tax returns (ITRs), even if the utility becomes available. Taxpayers should wait until 15 June. This is because banks ...

The revenue body is encouraging people to file early so they know what tax they owe sooner and can plan for any payments in ...

ITR Filing FY 2024-25: The Income Tax Department has enabled online ITR filing for FY 2024-25 (AY 2025-26) via incometax.gov.in, initially supporting ITR-1 and ITR-4 forms. These forms are for ...

Filing your Income Tax Return (ITR) is an annual obligation for every eligible Indian taxpayer. It not only ensures compliance with the law but also facilitates access to various financial ...

It is ITR filing season and the Income Tax Department has released income tax return forms earlier this month. These forms also contain several changes including amendments to capital gains tax rules ...

Failure to pay this tax can attract interest and penalties, even if the ITR is filed before the extended deadline.

The Central Board of Direct Taxes (CBDT), the highest authority for tax rules in India, has announced that the last date to ...

With the Income Tax department releasing income tax return forms ... However, you need not rush to complete the process – the department is yet to release online ITR filing utilities on the ...

The Income Tax ... their income tax returns. This move comes in line with the amendments introduced in the Finance Act, 2025.Previously, taxpayers had a 24-month period to file an updated return ...