ITR E-Filing for FY 2024-25 (Assessment Year 2025-26) Now Live! The Income Tax Department has just activated the online e-filing utility for the financial year 2024-25. This means eligible taxpayers can now start filing their income tax returns! Currently, only ITR-1 (Sahaj) and ITR-4 (Sugam) forms are available for online filing. If you need to … Read more
ITR-1 & ITR-4 Online Filing Activated for AY 2025–26: Key Changes & Extended Deadline Great news for taxpayers! The Income Tax Department has officially enabled online filing for ITR-1 (Sahaj) and ITR-4 (Sugam) for Assessment Year 2025–26 (Financial Year 2024–25). This means you can now file your income tax returns through the e-filing portal, which … Read more
Big news for those sticking with the old tax regime this tax season! The Income Tax Department is rolling out some significant changes for Assessment Year 2025-26 (that’s for income earned in Financial Year 2024-25). Get ready for increased scrutiny and enhanced disclosure requirements if you’re claiming deductions. Why the Change? The main goal here … Read more
For salaried employees across India, Form 16 is a crucial document for filing income tax returns (ITR). Here’s a quick guide on why it’s so important, when you can expect to receive it, and what key details it contains. What is Form 16? Simply put, Form 16 is a TDS (Tax Deducted at Source) certificate … Read more
Has your PAN card gone missing or been stolen? Don’t fret! Getting a duplicate PAN card online is a straightforward process. The PAN card is a vital document in India; without it, many essential tasks, like opening a bank account or filing your Income Tax Return (ITR), can’t be completed. What to Do First Before … Read more
ITR filing for the financial year 2024-25 (Assessment Year 2025-26) has officially begun, with the Income Tax Department permitting Excel Utility-based returns since May 30th. While online filing is still on the horizon, nearly 55,000 returns have already been filed as of June 2nd, 2025. Who Needs to File an Income Tax Return (ITR)? Whether … Read more
ITR filing alert 2025-26: Excel utilities for ITR-1, ITR-4 now support LTCG, rent receipts, new tax regime The Income Tax Department has released updated Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 (Financial Year 2024–25), incorporating critical compliance and disclosure changes aligned with the Finance Act, 2024. These utilities, available … Read more
The Income Tax Department has released the offline Excel-based utilities for filing Income Tax Returns (ITRs) for the Financial Year 2024–25 (which is the Assessment Year 2025–26). You can now download these tools for ITR-1 (Sahaj) and ITR-4 (Sugam) from the official income tax e-filing website. While the direct online filing facility isn’t active yet, … Read more
Filing ITR for AY2025–26? 7 new details you must provide in ITR-1, ITR-4 under Old Tax Regime Currently, individuals eligible to file ITR-1 (Sahaj) and ITR-4 (Sugam) can begin preparing and submitting their returns using these utilities. However, the facility for direct online filing of ITRs has not yet been activated. The due date to … Read more