ITR filing 2025 Archives

Big Relief To Tax Payers! Deadline Extended For Processing Of E-Filed ITRs Which Were Erroneously Rejected

DainikNews Live Admin12 months ago02 mins

New Delhi: Central Board of Direct Taxes (CBDT) has announced Relaxation of time limit for processing ofreturns of income filed electronically which were incorrectly invalidated by CPC. CBDT has said that CPC Bengaluru has received grievances regarding erroneous invalidation, due to various technical reasons, while processing the returns filed electronically for different assessment years. The…

ITR Filing 2025: No Taxable Income? Discover The Surprising Perks Of Filing Your ITR Anyway

DainikNews Live Admin12 months ago03 mins

New Delhi: If you have no taxable income, you might wonder if you need to file your Income Tax Return (ITR) as the deadline for assessment year 2025–26 (now 15 September 2025) approaches. The simple answer: Filing your ITR, even with zero tax, has important long-term advantages. Here’s why you should file your ITR even…

ITR Alert! Fix AIS Errors Easily With These I-T department Guidelines Before Filing Your Return

DainikNews Live Admin1 year ago03 mins

New Delhi: Filing your ITR? You’re not alone if you’ve run into errors, especially those linked to the Annual Information Statement (AIS). It’s one of the most common issues taxpayers face every year. However, The Income Tax Department has shared simple steps to help you fix these problems. What is AIS? AIS, or Annual Information…

ITR filing: New Tax Slabs, Rules To Keep In Mind Before Submitting Returns

DainikNews Live Admin1 year ago03 mins

New Delhi: Taxpayers filing tax returns for FY25 should be aware of the new income tax slabs and capital gains tax structure brought in by the Union Budget 2024, according to experts. As per new tax slabs, individuals with taxable income up to Rs 12 lakh get full tax rebate under the new regime. Your…

ITR Filing 2025: Freelancers, Read Carefully! Ignoring THESE Tax Rules Could Cost You Big

DainikNews Live Admin1 year ago04 mins

New Delhi: Freelancing is rapidly gaining popularity in India as more people seek flexible work options, better work-life balance and the freedom to choose their projects. However, many beginners are unaware that it also comes with tax responsibilities. Freelancers must take charge of filing and paying their own taxes unlike salaried employees. Missing out on…

ITR Filing 2025: Skipped ELSS and PPF? You Can Still Cut Taxes—Here’s How

DainikNews Live Admin1 year ago05 mins

New Delhi: If you missed investing in tax-saving options like ELSS, PPF, or five-year fixed deposits for the financial year 2024-25, you can still lower your taxes or claim a refund for any extra tax paid when filing your income tax return. Here’s how Section 80C can help and what else you should know: Section…

Don’t Delay ITR Filing For FY 2024-25: Know The Penalties And How To Avoid Them

DainikNews Live Admin1 year ago03 mins

New Delhi: Many taxpayers delay filing their income tax returns (ITRs) until the last moment, causing delayed refunds, avoidable stress, and potential penalties. Despite the simplification of the process over the years, procrastination remains common. Why delays happen Taxpayers wait for updated ITR forms and filing utilities, which usually release after the financial year ends….

ITR Filing 2025: Wrong ITR Filing Can Put You In Trouble, Avoid These Mistakes While Filing ITR

DainikNews Live Admin1 year ago04 mins

New Delhi: With stricter checks and new rules for tax returns, more and more people in India are running into trouble with their Income Tax Returns (ITR). Many are getting notices about “defective returns” under Section 139(9) of the Income Tax Act. This can mean delays in getting your refund, possible penalties, or even your…

ITR Filing FY 2024-25: Filed Wrong Form By Mistake? Heres How To Fix It On Time– Check Steps

DainikNews Live Admin1 year ago04 mins

New Delhi: The Income Tax Department has now made ITR-2 and ITR-3 forms available for e-filing, completing the rollout of all major ITR forms (1 to 4) for the financial year 2024-25 (assessment year 2025-26). This means taxpayers can now file their returns using the appropriate form based on their income type. To ease the…

ITR Filing 2025: Pre-Filled ITR Forms May Have THESE Common Errors – Details Here

DainikNews Live Admin1 year ago03 mins

New Delhi: In a bid to make income tax filing easier for taxpayers, the Income Tax DEpartment has introduced pre-filled ITR forms on the e-filing portal. This feature has been available for several years and aims to simplify the process by automatically filling in key financial details sourced from banks, Aadhaar and other institutions.// E-filing…