ITR News
ITR filing: Why you shouldn’t rush to file taxes as soon as the portal opens
Experts recommend that taxpayers should wait until 15 June. Here's why
4 min read16 May 2025Details on rent, home loan, TDS: ITR forms seek more disclosures this year
Taxpayers should try to file their returns much in advance so that they get enough time to assess the ITR form applicable and file an error-free return, given the changes introduced this year.
6 min read7 May 2025ITR filing for FY 2024-25: What has changed and what you need to know
Updated ITR forms 1 to 5 reflect Budget 2024 changes—from higher LTCG limits to stricter disclosure norms—ushering in a new era of AI-led compliance for taxpayers.
4 min read6 May 2025Why you must defer property sale from March to April
Those due to sell property in March should consider deferring the sale to April to optimize advance tax payments and reinvestment planning that helps avoid paying capital gains tax.
3 min read11 Mar 2025New Income tax bill 2025: MUST know tax refund rule during ITR filing
Under the Income Tax Bill 2025, taxpayers must file returns to claim refunds, without changing provisions for belated or revised returns
2 min read18 Feb 2025Turn losses into gains: How capital losses can help you save taxes
Capital losses from stocks, bonds, real estate, or mutual funds can help you reduce your tax liability. Here’s how the set-off and carry-forward provisions under the Income Tax Act work—and what you need to know to maximize tax savings.
2 min read12 Feb 2025Can an NRI still file a revised IT return?
Since you have earned capital gains but have not offered them to tax, your only option now is to file an updated tax return.
2 min read6 Jan 2025Attention taxpayers! You can now claim Section 87A rebate in updated ITR-2 and ITR-3 forms
The Income Tax Department is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This follows a Bombay High Court directive to extend the deadline for revised or belated returns.
2 min read1 Jan 2025Income Tax: How to e-verify your return? 5 Key points to know
Filing ITR: Typically, verification must be done within 30 days. Now since 30 days have elapsed from the time of submission of ITR data, the date of verification will be considered as the date of filing.
1 min read28 Dec 2024Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry
At its peak, the income tax return portal handled over 900 filings in a second and close to 70 lakh ITR filings a day, as tax refunds rose 46.32 per cent year-on-year.
1 min read12 Dec 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared