The Income Tax Department has officially enabled online filing for ITR Form 3 for Assessment Year (AY) 2025-26 (Financial Year 2024-25). This means individuals and Hindu Undivided Families (HUFs) with business or professional income, including those involved in share trading (like F&O) or investments in unlisted shares, can now easily file their returns through the … Read more
The ITR-3 form is now live on the Income Tax Department’s e-filing portal for the Assessment Year (AY) 2025-26. This is great news for individuals and Hindu Undivided Families (HUFs) who earn income from a business or profession, as they can now file their returns completely online. Who Should Use ITR-3? This form is specifically … Read more
Don’t Miss This: Your AIS is Key to a Smooth ITR Filing 2025! The deadline for filing your Income Tax Return (ITR) for Financial Year (FY) 2024-25 (Assessment Year (AY) 2025-26) is now September 15, 2025 – an extension from the usual July 31st. This gives you extra time to ensure your e-filing is accurate, … Read more
Found a discrepancy in your Annual Information Statement (AIS)? The Income Tax Department has a straightforward solution to help you fix it before you file your Income Tax Return (ITR) for Assessment Year (AY) 2025-26. Many taxpayers are encountering issues with their AIS, and the good news is, you’re not alone, and there’s a clear … Read more
Filing ITR-2 for AY 2025-26? Key Changes to Note in the Excel Utility Planning to file your Income Tax Return (ITR-2) for Assessment Year 2025-26 (Financial Year 2024-25)? The Income Tax Department’s e-filing portal now allows you to download the Excel utility for this form. However, before you dive in, it’s crucial to be aware … Read more
Major Updates to ITR-3 Excel Utility for AY 2025-26: What Taxpayers Need to Know The Income Tax Department has rolled out significant changes to the ITR-3 Excel utility for Assessment Year 2025-26, impacting individuals and Hindu Undivided Families (HUFs) with income from business or profession exceeding Rs 50 lakh. These updates aim to enhance transparency … Read more
Income tax filing season is upon us, and for many businesses, companies, and trusts, there’s a bit of a snag: The Income Tax Department has delayed the release of ITR-5, ITR-6, and ITR-7 utilities. This delay is sparking concern, especially with the September 15, 2025 deadline for non-audit cases fast approaching. Why the Hold-Up? The … Read more
Correct Your ITR Errors by December 31, 2025, or Face Serious Consequences! Did you spot a mistake in your Income Tax Return (ITR) for Assessment Year (AY) 2025-26? Whether it’s incorrect income, missed deductions, or outdated personal information, time is running out to fix it. The final deadline to file a revised or belated return … Read more
Major Overhaul for ITR-2 Utility (AY 2025-26): What Taxpayers Need to Know and Why Choosing the Right Form is Crucial The Income Tax Department has launched an updated ITR-2 Excel Utility for Assessment Year (AY) 2025-26, featuring six significant enhancements designed to simplify filing and improve compliance.1 However, tax professionals are issuing a strong warning: … Read more
