Income Tax Return: News
ITR-3 form is now live online: Who should file it?
The Income Tax Department has enabled the online filing of Income Tax Return (ITR) Form-3 on its e-filing portal.
Why several post offices in Delhi are closed today
Many post offices in Delhi are closed for the public today.
Income-Tax Bill 2025: Lok Sabha's Select Committee suggests these changes
The Lok Sabha's Select Committee, headed by BJP's Baijayant Panda, has submitted a comprehensive report on the proposed Income Tax Bill, 2025.
Filing your income tax return? Keep these documents ready
As the deadline for filing income tax returns (ITR) for financial year 2024-25 approaches, taxpayers are advised to prepare necessary documents.
These deductions can help lower your taxable income: Check list
The Indian Income Tax Act, 1961, offers a variety of deductions to help taxpayers reduce their taxable income.
Income tax refunds jump 474% in 11 years—outpacing collection growth
India's income tax refunds have skyrocketed by a whopping 474% over the past 11 years, reaching ₹4.77 lakh crore in FY 2024-25.
How to handle ITR when EPF interest is credited late
If you've noticed a delay in the credit of your Employees' Provident Fund (EPF) interest, you're not alone.
ITR‑2, ITR‑3 Excel forms released—Are you required to file one?
The Income Tax Department has launched the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26.
Didn't report crypto gains? Here's how to fix your ITR
The Income Tax Department has issued notices to thousands of taxpayers who failed to declare their cryptocurrency earnings in their returns for the assessment years 2023-24 and 2024-25.
Oman becomes 1st Gulf country to impose income tax
Oman has announced plans to impose a 5% income tax from 2028, becoming the first Gulf country to do so.
Online filing of ITR-1 and ITR-4 now live—Who can apply?
The Income Tax Department has enabled online filing of ITR-1 and ITR-4 forms for the financial year 2024-25 (Assessment Year 2025-26).
Income tax return filing: Key changes you must know about
The Central Board of Direct Taxes (CBDT) has released the Income Tax Return (ITR) forms for the Assessment Year (AY) 2025-26.
File updated ITR before March 31 deadline: Here's how
The Income Tax Department has launched a new form, ITR-U, for taxpayers to file updated Income Tax Returns (ITR).
Big B surpasses SRK, pays ₹120 crore in taxes
At 82, Bollywood superstar Amitabh Bachchan remains a dominant force in Indian cinema and is also one of the highest tax-paying celebrities in India.
March 2025: Don't miss these key income tax deadlines
As we near March 2025, it is imperative for taxpayers to remain abreast of the forthcoming income tax deadlines.
For first-time taxpayers: How to file I-T returns in India
Filing income tax returns (ITR) for the first time can be intimidating for many Indians.
Conman Sukesh declares overseas income, offers to pay ₹7,640cr taxes
Conman Sukesh Chandrasekhar, arrested in 2015 for his involvement in a multi-crore fraud case, has reportedly declared an overseas income of ₹22,410 crore for the year 2024.
Here's your ultimate guide to income tax e-filing in India
Filing income tax returns in India doesn't have to be a daunting task anymore.
Attention taxpayers! Disclose foreign income ASAP or hefty face penalty
The Income Tax Department has reminded taxpayers to disclose any undisclosed foreign income or assets before the year ends.
Corporates can now file income tax return till November 15
The Central Board of Direct Taxes (CBDT) has announced a 15-day extension for submitting corporate income tax returns.
Waiting on your ITR refund? Know reasons behind the delay
Many taxpayers in India are currently experiencing delays in receiving their income tax refunds, leading to frustration and confusion.
ITR refund scam: How to spot it and protect yourself
The Income Tax Department of India is urging taxpayers to be vigilant against a recurring scam targeting ITR refunds for FY2023-24 (assessment year 2024-25).
What happens if you miss ITR filing deadline? Explained here
The Income Tax Department has not extended the deadline for filing income tax returns (ITRs) for the fiscal year 2023-24, which was set for July 31.
Filed ITR? Here's how to check your refund status online
The deadline for filing Income Tax Returns (ITRs) for the financial year 2023-24 is today, midnight.
Waiting for ITR refund? Here's how long it may take
An Income Tax Refund (ITR) is issued by the Income Tax Department when you've overpaid your taxes.
What happens if you miss deadline to file tax returns
The final day to file the income tax returns (ITR) for the financial year 2023-24 is Wednesday, that is July 31.
ITR 2024 deadline: Beat last-minute rush with these key steps
With the July 31 deadline for filing income tax returns for the financial year 2023-24 fast approaching, taxpayers are urged to act fast.
You can file your ITR 2024 using WhatsApp: Here's how
ClearTax has launched a new service that allows taxpayers to file their Income Tax Returns (ITR) via WhatsApp.
Filing ITR 2024? Don't let these errors cause ITR rejection
The Indian Income Tax Department may reject your Income Tax Return (ITR) form due to several reasons.
Filing done? Now verify ITR online with these simple steps
The Income Tax Department of India has made it mandatory for taxpayers to verify their Income Tax Return (ITR) within 30 days of filing.
Technical glitches plague ITR 2024 filing: Will Centre extend deadline?
As the July 31 deadline for filing income tax returns (ITRs) for the financial year 2023-24 looms, taxpayers are grappling with persistent technical issues on the e-filing portal.
ITR 2024 deadline: Know all about penalties on late filing
The Income Tax Department has disclosed the penalties for late filing of Income Tax Return (ITR) for the financial year 2023-24.
India's net direct tax collection surges 19.5% to ₹5.74L crore
The Income Tax Department has reported a significant 19.54% increase in net direct tax collection for the fiscal year (FY) 2024-25 so far, reaching ₹5.74 lakh crore by July 11, 2024.
Why you must file your ITR before July 31
The last date to file income tax returns (ITR) for the financial year 2023-24, corresponding to the assessment year 2024-25, is July 31, 2024.
How to avoid capital gains tax on jewelry sale?
India's Income Tax Act, specifically Section 54F, provides a unique tax exemption opportunity for individuals selling jewelry.
IT Department alleges insurance companies evaded taxes worth Rs. 25,000cr
The Income Tax Department is about to issue tax demand notices totaling Rs. 25,000 crore by the end of March, to various insurance companies.
Income Tax e-filing website unavailable from February 3-5: Here's why
The Income Tax department has announced that its e-filing portal will be temporarily unavailable from 2pm on February 3 to 6am on February 5, due to scheduled maintenance activities.
Save on income tax by donating to Ram Mandir
Taxpayers can benefit from income tax savings by donating to the Ram Mandir in Ayodhya, as the Central Government has designated "Shri Ram Janmabhoomi Teerth Kshetra" (PAN: AAZTS6197B) as a site of historical significance and public worship.
ITRs filed in 2023-24 increase by 9% to record 8.18cr
India experienced a significant 9% increase in income tax returns filed, with a record 8.18 crore submissions by December 31, 2023, compared to 7.51 crore during the same period in 2022.
Last day to file ITR for FY2022-23 ends today
The clock is ticking for taxpayers, as the deadline to file Income Tax Returns (ITR) for the financial year 2022-23 is set for today (December 31).
7.85cr ITRs filed till October 31, highest ever in India
The filing of Income Tax Returns (ITR) has reached a record-breaking milestone in 2023, with 7.85 crore filings documented by October 31 in FY23-24.
35 lakh income tax refunds delayed in India: Here's why
Income tax refunds for around 35 lakh taxpayers are currently "held up" due to mismatch and validation issues with their bank accounts, as per Central Board of Direct Taxes (CBDT) Chairperson Nitin Gupta.
What happens if you miss Income Tax Return deadline
The deadline to file your Income Tax Returns (ITR) for 2023 is today, July 31.