To claim your House Rent Allowance (HRA) exemption under the Old Tax Regime for the financial year 2024-25 (Assessment Year 2025-26), salaried taxpayers will need to provide specific details on the Income Tax e-filing portal. Please note that this exemption is not available if you opt for the New Tax Regime. What the e-filing portal … Read more
It’s Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26 (which covers income earned in Financial Year 2024-25), and whether you’re a salaried professional, a freelancer, or a small business owner, now’s the time to tread carefully. While digital filing has made things faster, even minor missteps can lead to notices from the … Read more
Is Filing an ITR for a Deceased Person Necessary for AY 2025-26? Here’s What Legal Heirs Need to Know The Income Tax Return (ITR) filing season for 2025 is in full swing, and many of us are diligently meeting our legal obligation to report income to the tax department. But what happens when someone passes … Read more
The Income Tax Department issued Common Offline Utility for filing Income-tax Returns (ITR 1 and ITR 4) for the AY 2025-26 updated on June 11, 2025. Common Offline Utility (ITR 1 and ITR 4) Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for the AY 2025-26. Date of release of latest … Read more
Received your Form 16 or 16A? Great! But don’t hit that “file” button just yet. Before you submit your Income Tax Return (ITR) for 2025, there are a few crucial steps you absolutely must take. Skipping these can lead to headaches like tax mismatches, delayed refunds, or even notices from the Income Tax Department. Why … Read more
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