When filing income tax returns for FY 2024-25 (AY 2025-26), salaried individuals, professionals, and pensioners must choose ...

Many investors — especially high-income ones living in high-tax states — benefit from owning state and local municipal bonds ...

Different tax returns are prescribed for filing by individual taxpayers depending on their income and its source as well as ...

The Central Board of Direct Taxes (CBDT) has notified Income Tax Return (ITR) Forms 1 to 5 for Assessment Year (AY) 2025-26, ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms ...

ITR-4: ITR-4 can be filed by a Resident Individual/ HUF/ Firm (other than LLP) who has income not exceeding ₹ 50 lakh during ...

The CBDT has notified the ITR-2 form for FY2024-25, effective from April 1, 2025, which will be applicable to the majority of ...

Deepak Kumar Jain, Founder and CEO of TaxManager.in, said, "In AY 2024-25, around 1.10 crore ITR-2 forms were filed by the ...

A taxpayer can switch to the old income tax regime while filing the Income Tax Return (ITR), subject to certain conditions ...

Updated ITR forms 1 to 5 reflect Budget 2024 changes—from higher LTCG limits to stricter disclosure norms—ushering in a new ...

The new ITR 5 form brings sharper rules on capital gains, TDS, and buy-back losses, raising the bar on compliance for firms, ...

You should file ITR-3 if you run a business or work as a self-employed professional, regardless of whether a tax audit is ...