ITR Filing without Form 16: Almost all salaried taxpayers wait for their employers to hand over Form 16 to them for filing ...

As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

Picking the correct Income Tax Return form is key. Salaried folks making up to ₹50 lakh a year can use ITR-1. This includes ...

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...

Those who file after February 1, 2025, will face a higher payment of 110%. ITR-U or Updated Income Tax Return The form ITR-U, also known as Updated Income Tax Return, allows individuals to correct ...

Legal notices: The Tax Department collects income statements from various sources. Failure to file ITR may trigger reports based on undeclared income. Carry forward losses: Filing before the ...

If you somehow failed to file your income tax return (ITR) for any of the past two years, you can still file an updated income tax return. These two years are 2021-22 (AY 2022-23) and 2022-23 (AY ...

The last date to file tax return for AY 2024-25 ended on July 31, 2024 and the deadline for belated and revised ITR filing was December 31, 2024. “The Central Board of Direct Taxes (‘the CBDT ...

For an individual taxpayer, the due date for filing income tax return is July 31 of the subsequent year. So, the due date for filing income tax returns for the financial year 2024-25 is July 31 ...