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Mumbai: As the extended deadline for income tax return (ITR) filing ends on Monday, filers are hurrying to comply, with more than 1 crore returns anticipated on the final day. As of now, 6.29 crore returns have been filed for the assessment year (AY) 2025–26. Last year, ITR filings grew 7.5 per cent year-on-year, and…
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: The clock is ticking for taxpayers! With less than 10 days left to file Income Tax Returns (ITR) for the assessment year 2025-26, the deadline of September 15 is fast approaching. If you’re planning to file your ITR yourself, here are some important steps to make sure your return is filed correctly. 1….
New Delhi: After filing their Income Tax Return (ITR), many taxpayers eagerly wait for their tax refund—especially if they’ve paid more tax than necessary during the year. Naturally, the big question that follows is: “When will my refund arrive?” Understanding how the refund process works can help ease the wait and ensure there are no…
New Delhi: With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the…
New Delhi: Made a mistake in your ITR? If yes, then you’re not alone. Even careful taxpayers can miss out on reporting income, choose the wrong deductions, or enter incorrect details by accident. The good news is that the Income Tax Department gives you a second chance. You can easily correct these errors by filing…
New Delhi: Missed filing your tax return or made an error in the past few years? Don’t worry there’s good news. The Income Tax Department is now giving taxpayers a chance to fix mistakes or file missed returns for previous years. As announced on July 30, 2025, you can now file Updated Returns for Assessment…
New Delhi: Filing income tax just got easier for professionals and business owners. The Income Tax Department has now enabled the ITR-3 form for online filing on its official e-filing portal for the assessment year 2025-26. This means taxpayers earning from business or profession can now submit their returns entirely online, without needing to upload…
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….
New Delhi: The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93 days in 2013 to a mere 17 days in 2024, reflecting the increased efficiency in the system on the back of rising digital infrastructure that enables faceless online…