If one fails to file the ITR by the due date, then they could face a penalty under Section 234F of the Income Tax Act, 1961. A delay could attract a late fee of Rs 5,000. However, if the total income ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

The Income Tax Department has announced the eligibility criteria for various Income Tax Return (ITR) forms for the financial year 2024-25 (assessment year 2025-26). Taxpayers must determine which form ...

The Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool ...

The government has notified Income Tax Return (ITR) forms for Financial Year 2025–26, effective from 1 April 2026, with certain updates to the old forms. The new Income Tax Act also took effect on 1 ...

The Income Tax Department has notified all income tax return forms for the assessment year (AY) 2026-27. While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms ...

ITR Filing Major Update: A major development related to income tax filing is going to happen as the new Income-tax Rules 2026 are set to be implemented in the coming days. The major changes include ...