Tax Refund Delays Plague Filers as ITR Season Gains Momentum; Here’s How to Get Your Money Back Sirohi, Rajasthan – The Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26 is in full swing, but a common grievance echoing across social media and tax help forums is the frustrating delay in receiving tax … Read more
Tax season for FY 2024-25 is underway, and while the Income Tax Department has extended the filing deadline to September 15, 2025 (from July 31, 2025), and opened utilities for ITR-1 and ITR-4, a key question remains for many: Why are ITR-2 and ITR-3 forms still unavailable? Despite the extended deadline, taxpayers who need to … Read more
Expect Delays: Income Tax Refunds to Be Slower This Year Taxpayers with diverse income streams, including those with capital gains or business income, should prepare for potential delays in their income tax refunds this year. The primary culprits are the late release of crucial ITR-2 and ITR-3 forms and a new, more stringent verification process … Read more
Tax season can feel overwhelming, but don’t fret! While the ITR filing deadline for FY2025-26 has been extended to September 15, 2025, it’s always a good idea to get your income tax return (ITR) filed as soon as possible. Tackling it early helps avoid last-minute stress and reduces the chances of errors. Even though the … Read more
Navigating ITR Filing for AY 2025-26: Extended Deadline & Expert Tips for Salaried Individuals Sikar, Rajasthan, India – The Central Board of Direct Taxes (CBDT) has announced a welcome extension for Income Tax Return (ITR) filing for Assessment Year (AY) 2025-26, pushing the deadline from July 31st to September 15, 2025. This extension acknowledges the … Read more
ITR Filing for Freelancers & Gig Workers: Your Essential Guide The freelance and gig economy is booming in India, but if you’re a part of it, you might be wondering about your tax obligations. Don’t sweat it! While your work structure is different from traditional employment, the income tax law recognizes your earnings under “business … Read more
New ITR Rules: Up to 200% Penalty & Prosecution for Misleading Returns The Income Tax Department is cracking down on inaccurate or misleading income tax returns (ITRs) with stricter new rules. If you misreport income or claim false deductions, you could face severe consequences, including hefty penalties and even prosecution. What’s at Stake? Your CA’s … Read more
Tax season can feel daunting, but the Income Tax Department’s pre-filled ITR forms are designed to make things easier. While they certainly streamline the process by pulling data from various sources, it’s crucial to remember they’re not always perfect. The deadline for filing your Income Tax Return for FY 2024-25 has been extended to September … Read more
Struggling to remember your Income Tax e-filing portal password? You’re not alone! Many taxpayers face this common hurdle, especially since ITR filing is typically an annual task. But don’t sweat it – you can still file your Income Tax Return (ITR) even if those credentials have slipped your mind. File ITR Using Net Banking (No … Read more
Is Form 16 enough for filing your Income Tax Return (ITR) this year (Assessment Year 2025-26 / Financial Year 2024-25)? The short answer is no. While Form 16 from your employer is a crucial document, it only tells part of your financial story. What Form 16 Covers (and Doesn’t): Form 16 is essentially your employer’s … Read more