It’s tax season again, and if you’re like many, you’re probably wondering: Which Income Tax Return (ITR) form should I file? Picking the wrong one can lead to frustrating delays, notices from the tax department, or even your return getting rejected. But don’t stress! A new Excel tool, developed by CA Sai Pratap Kopparapu, is … Read more
The Income Tax Department has officially opened the e-filing portal for ITR-1 (Sahaj) and ITR-4 (Sugam) for Assessment Year (AY) 2025-26. This means you can now file your tax returns for income earned between April 1, 2024, and March 31, 2025. Choose Your Filing Method The Department is making filing easier than ever with two … 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