Wrong ITR Form Filed? Fix It for AY 2025-26

Wrong ITR Form Filed? Fix It for AY 2025-26

Filed the Wrong ITR Form? Here’s How to Fix It for AY 2025-26 The Income Tax Department has now enabled e-filing for ITR-2 and ITR-3 forms, completing the availability of all major ITR forms (1-4) for the Financial Year 2024-25 (Assessment Year 2025-26). Taxpayers also have more time to file their returns, as the deadline … Read more

ITR Forms FY 2024-25: Everything You’re Missing

ITR Forms FY 2024-25: Everything You’re Missing

The Income Tax Department has rolled out significant updates to ITR forms for the Financial Year 2024-25 (Assessment Year 2025-26), aiming to simplify tax filing for many.1 These changes, particularly to ITR-1, ITR-2, and ITR-4, broaden eligibility for some and streamline reporting for others.2 ITR-1 (Sahaj) Gets a Simpler Path for Capital Gains Previously, any … Read more

ITR Filing FY2024-25: Which Tax Form To Choose For Capital Gains, F&O, Salary Income

ITR Filing FY2024-25: Which Tax Form To Choose For Capital Gains, F&O, Salary Income

The tax filing season for Financial Year 2024-25 (Assessment Year 2025-26) is underway, and with over a crore returns already submitted, it’s crucial to pick the right Income Tax Return (ITR) form. While ITR-1 and ITR-4 utilities are currently active for e-filing, ITR-2 and ITR-3 are expected to be enabled soon. Good news for taxpayers: … Read more

Income Tax for Stock Investors: Expert Tips for ITR Filing 2025

Income Tax for Stock Investors: Expert Tips for ITR Filing 2025

It’s ITR filing season again! For the financial year 2024-25 (Assessment Year 2025-26), the Income Tax Department has already rolled out Excel Utilities, and people are starting to file. While online filing is still getting ready, if you’re a salaried individual, it’s generally best to wait for your Form 16. With more and more people … Read more