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The Centre is preparing to introduce a new set of income-tax return (ITR) forms under the overhauled Income Tax Act, 2025. The Central Board of Direct Taxes aims to notify these forms by January 2026 so they can come into force from April 1. The shift marks a major break from the 1961 tax law…
Last Updated:May 21, 2025, 06:26 is ITR Filing FY2024-25: It’s quintessential to choose the correct ITR form based on one’s income sources and entity type to ensure compliance and avoid penalties. Income Tax: Seven types of tax payers. ITR Filing FY2024-25: The new Income Tax filing season kicks in on April 1, 2025. To avoid…
New Delhi: Waiting for your Income Tax Return (ITR) refund? Good news- most of the taxpayers who have submitted their income tax returns (ITR) for the fiscal year 2023-24 (assessment year 2024-25) are likely to get the refunds as soon as possible. Many individuals have filed the ITR via three forms which include ITR-1, ITR-2…