It’s time to get your tax ducks in a row! The Income Tax Department has officially kicked off the filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) by releasing the Excel-based offline filing tools for ITR-2 and ITR-3. This means you can start preparing your tax returns now, well ahead of the September … Read more
The 2025 tax season is shaping up to be a challenging one for Non-Resident Indians (NRIs), with the Income Tax Department’s new forms for FY 2024-25 (Assessment Year 2025-26) already released but crucial utilities, like ITR-2, facing delays. Tax experts are sounding the alarm, warning NRIs of potential pitfalls and hefty tax bills if they … 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
Heads Up, Taxpayers! ITR-2 & ITR-3 Utility Delays Affecting Early Filers If you’re a salaried professional, HNI, or freelancer planning to file your income tax return early for Assessment Year (AY) 2025-26 (FY 2024-25), you might face a delay. The Income Tax Department has not yet released the offline utilities for ITR-2 and ITR-3 forms. … Read more