Filing your Income Tax Return (ITR) for the financial year 2024-25 is now open, and the Income Tax Department has made all ITR forms - from ITR-1 to ITR-7 - available online. While many rely on Form ...

As the new income tax filing season for the financial year 2024-25 (AY 2025-26) begins, the Income Tax Department is set to roll out updated ITR forms and an improved version of Form 16 — a key ...

Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...