Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

ITR: To claim a tax deduction in FY25 for which you would file an income tax return (ITR) before July 31, the investment must ...

Once again salaried individuals will be required to file their income tax return (ITR) before the deadline for assessment ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

CBDT extends the deadline for revised ITR filing to January 15, 2024. Late fees apply. GST annual return deadline remains 31.