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New Delhi: Many taxpayers have recently faced an issue where their Income Tax Return (ITR) refund status displays as “processed,” but the refund amount has not been credited to their bank account. This situation often causes confusion, but it usually results from technical or banking delays rather than an error in filing. After your ITR…
No news Business Income Tax Return ; Income Tax On Gifts Received On Birthdays And Weddings New Delhi45 minutes ago Copy link Income tax return (ITR) is to be filed for FY 2024-25 (Assessment Year 2025-26) by 15 September. While filing ITR, you need to take care of many things. One of these is to…
New Delhi: With the Sept 15 deadline for filing Income Tax Returns for individuals approaching, over 4.56 crore people have filed their ITRs, while the submission of returns is accelerating as the last date nears. Senior Income Tax Dept. officials are of the view that taxpayers “should not wait till the last-minute” to file their…
New Delhi: The Income Tax Department has already extended the ITR filing deadline from July 31 to September 15, 2025, giving taxpayers extra breathing space. Yet, many are still struggling to file on time. Some taxpayers—and even CAs—are hoping for another extension. But what if you miss the deadline even after this extension? That’s where…
New Delhi: Filing your Income Tax Return (ITR) is a legal requirement for anyone earning above the basic exemption limit. To make the process easier for taxpayers, the Income Tax Department has extended the deadline to file your ITR without facing any penalties. You now have time until September 15, 2025 to complete your filing…
Last Updated:August 26, 2025, 16:51 is Form-16 is a document detailing an individual’s salary, taxable income, and tax deducted. It can be downloaded conveniently from the TRACES portal Employers are required to submit Form-16 by June 15 each year, with a fine of Rs 500 per day for non-compliance. (Representative/Shutterstock) The deadline for filing Income…
New Delhi: Good news for taxpayers! The Finance Ministry has extended the deadline for filing Income Tax Returns (ITR) for the assessment year 2025-26 to 15 September 2025, giving everyone an extra 46 days beyond the original cut-off of 31 July. The extension comes in response to delays in return processing and the recent rollout…
New Delhi: On August 16, the Income Tax Department made it easier for taxpayers to file updated returns by releasing Excel utilities for ITR-3 and ITR-4 for the assessment years 2021–22 and 2022–23. This follows the earlier release of similar utilities for ITR-1 and ITR-2. This helps individuals and businesses correct or update their tax…
Last Updated:August 19, 2025, 17:45 is Reporting tax-free income in your ITR is mandatory for transparency, even though it isn’t taxable. Exempt income must be reported in ITR. (representative image) When it comes to filing your income tax return (ITR), most people focus only on taxable income. But what many forget is that tax-free income…
The Excel utility for ITR Form 6 has now been released for AY 2025-26, enabling companies to file their income tax returns for FY 2024-25. The Income Tax Department wrote on X, “Kind Attention Taxpayers! Excel Utility of ITR-6 for AY 2025-26 is now live and available for filing.” WHO NEEDS TO FILE ITR-6? ITR-6…