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 ...

Taxpayers can now file their returns for FY 2024–25 using the latest ITR forms notified by the Income Tax Department. Forms ITR-1 to ITR-5 are already available, with updated eligibility rules and ...

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

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

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

It is necessary to understand the various forms of ITR as filing income tax returns (ITRs) can be a daunting task if you are ...

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

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 ...

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

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 ...