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
Tax season can feel overwhelming, but don’t fret! While the ITR filing deadline for FY2025-26 has been extended to September 15, 2025, it’s always a good idea to get your income tax return (ITR) filed as soon as possible. Tackling it early helps avoid last-minute stress and reduces the chances of errors. Even though the … Read more
Navigating ITR Filing for AY 2025-26: Extended Deadline & Expert Tips for Salaried Individuals Sikar, Rajasthan, India – The Central Board of Direct Taxes (CBDT) has announced a welcome extension for Income Tax Return (ITR) filing for Assessment Year (AY) 2025-26, pushing the deadline from July 31st to September 15, 2025. This extension acknowledges the … Read more
As the September 15 deadline for filing Income Tax Returns (ITR) for the Financial Year 2024-25 (Assessment Year 2025-26) rapidly approaches, taxpayers face an unprecedented level of scrutiny from the Income Tax Department. With approximately 1.65 lakh cases already flagged for detailed assessment under Section 143(2), it’s clear that compliance checks are more rigorous than … Read more
ITR Filing for Freelancers & Gig Workers: Your Essential Guide The freelance and gig economy is booming in India, but if you’re a part of it, you might be wondering about your tax obligations. Don’t sweat it! While your work structure is different from traditional employment, the income tax law recognizes your earnings under “business … Read more
Don’t Get Caught Out: India’s New Tax Rules Demand Detail for Deductions This Year Heads up, taxpayers! If you’re planning to claim deductions under the old tax regime for the current financial year (FY 2024-25, Assessment Year 2025-26), particularly House Rent Allowance (HRA), the government is cracking down on inflated or false claims. This year, … 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
New ITR Rules: Up to 200% Penalty & Prosecution for Misleading Returns The Income Tax Department is cracking down on inaccurate or misleading income tax returns (ITRs) with stricter new rules. If you misreport income or claim false deductions, you could face severe consequences, including hefty penalties and even prosecution. What’s at Stake? Your CA’s … Read more
Tax season can feel daunting, but the Income Tax Department’s pre-filled ITR forms are designed to make things easier. While they certainly streamline the process by pulling data from various sources, it’s crucial to remember they’re not always perfect. The deadline for filing your Income Tax Return for FY 2024-25 has been extended to September … Read more
Struggling to remember your Income Tax e-filing portal password? You’re not alone! Many taxpayers face this common hurdle, especially since ITR filing is typically an annual task. But don’t sweat it – you can still file your Income Tax Return (ITR) even if those credentials have slipped your mind. File ITR Using Net Banking (No … Read more