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ITR Filing News

28 Apr 2025

CBDT Steps Up Drive Against Black Money & Tax Evasion, Sets Targets For...

The new push comes as part of a comprehensive plan to bring elusive businesses, that escape the taxman’s lens due to limited availability of data, into the tax net and increase the country’s revenue collections.

28 Apr 2025

I Have Chosen Old Tax Regime In My Office Investment Declaration, Can I Switch

Are you planning to shift from old to new tax regime during actual ITR filing this fiscal? keep the following things in mind.

24 Apr 2025

1% Tax On All Luxury Goods Priced Above Rs 10 Lakh --Check Full List Of Items

The CBDT has said that luxury goods of value exceeding Rs10 lakh will attract TCS (tax collected at source).

22 Apr 2025

Now Pay Taxes With Few Clicks Using New ‘e-Pay Tax’ Feature; Here's How to Use

Income Tax New Feature: The ‘e-Pay Tax’ feature is designed to remove the hassles of traditional tax payment methods and is available to both registered and unregistered users.

20 Apr 2025

ITR Filing FY 2024-25: Can Taxpayers Still Switch Between Different Tax Regime

ITR Filing For FY 2024-25: The Income Tax Act allows individuals to switch between the old and new tax regimes while filing their ITR.

14 Apr 2025

How Many Days Will Tax Refund Take If You Do It Early In April?

ITR Filing AY 2025-26: The ITR filing season for Assessment Year 2025–26 is underway, and taxpayers are eager to submit their returns early. There is an interesting question: how many days does it take to receive a tax refund if the return is filed in April? This gallery will guide you. To recall, an Income Tax Refund is issued by the Income Tax Department when a taxpayer has paid more income tax than was actually due for the financial year.

ITR Filing 2025

02 Apr 2025

ITR Filing 2025: Is Form 16 Essential? Here’s What To Do If You Don’t Have It

Form 16 is a certificate issued by your employer as proof that Tax Deducted at Source (TDS) has been deducted from your salary and deposited with the Income Tax Department.

01 Apr 2025

5 Latest TDS Rules From Today 1 April 2025: For Senior And General Citizens

Here is a list of the changes in Tax Deducted at Source (TDS) for senior and general citizens that will take effect on April 1, 2025.

31 Mar 2025

Income Tax Return Alert: Last Date To File Your ITR-U Today March 31

Taxpayers have two years from the end of the relevant assessment year to voluntarily correct errors or omissions in their income tax returns using the ITR-U.

28 Mar 2025

Tax Dept To Tighten Noose Around Tax Filers From April 1

Tax authorities will be able to make a forced entry into your premises upon detecting suspicious activitiy under applicable law. Besides, they can also access computer systems, emails or social media accounts over suspected tax evasion.

26 Mar 2025

Budget 2025-26: Tax Reduced On EVs Priced Above Rs 30 Lakh In THIS State

Tax Deduction On EV Vehicle: Adding further, the Finance Minister announced a 7 per cent tax on light goods vehicles (LGVs) carrying up to 7,500 kg, expected to bring ₹625 crore to the state exchequer.

26 Mar 2025

Updated ITR Filing Deadline: How To Avoid 50 Per Cent Extra Tax- Details Here

Updated ITR Filing Deadline: The taxpayers are not allowed to file an updated return if their return is under investigation or scrutiny by the tax department.

15 Mar 2025

Advance Tax Deadline Ends Today: Check Who Are Exempted

As per the Income-Tax (I-T) Act, 1961, individuals whose estimated tax liability exceeds Rs 10,000 during the year are required to pay advance tax.

ITR Filing 2025

15 Mar 2025

Advance Tax FY 2024-25: Payment Due Date Ends Today, Check Penalty

Taxpayers are required to pay 45% of the total tax, including the first installment, by September 15 and the last installment by March 15.

14 Mar 2025

Income Tax Alert! DEADLINE To File Advance Tax Ends Tomorrow; Check Penalty

Income other than salaries, such as rent, capital gains, business, etc is subject to advance tax.

12 Mar 2025

5 New TDS Rules From 1 April 2025: All You Want To Know

Below is a summary of the changes in Tax Deducted at Source (TDS) that will take effect on April 1, 2025.

01 Feb 2025

Budget 2025: FM Rejigs Income Tax Slabs; New Tax Slabs 2025 Vs 2024 Compared

Finance Minister Nirmala Sitharaman on Saturday announced big sop for the middle class and the salaried taxpayer. There will be no tax for income upto Rs 12 Lakh under New Tax Regime. Slabs and rates being changed across the board to benefit all tax-payers. New structure to substantially reduce taxes of middle class and leave more money in their hands, boosting household consumption, savings and investment, she said.

01 Feb 2025

FM’s Big Boost To ITR Filing; To Extend Time Limit For Filing Updated Returns

Budget Income Tax 2025: FM Nirmala Sitharaman has proposed to extend the time-limit to file updated returnsfor any assessment year, from the current limit of two years, to four years.

26 Oct 2024

Good News For Corporates! Govt Extends ITR Filing Deadline – Check New Date

Specific taxpayers under income tax law are required to complete an income tax audit and submit the report by September 30 of the assessment year.

27 Aug 2024

ITR Filing 2024: Will You Get ITR Refund If It Is Not Verified? Details Here

As per income tax rules, ITR refund processing by the tax department starts only after the return is e-verified by the taxpayer.

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