ITRs News

News

ITR due date extension: Netizens vexed over one-day relief — ‘servers dead’, ‘what's the purpose if…’

Many social media users hit out at the government for extending the due date for ITR filing by just one day, as technical issues on the Income Tax Return portal continued to persist.

2 min read16 Sep 2025
Money

Income tax return season gets harder with crypto—Here’s what you need to know

Confused about reporting cryptocurrency sales and trades in your ITR? Here's how you can file income tax returns without attracting penalties.

2 min read9 Sep 2025
Money

ITR filing: How to correctly report capital gains, CGAS withdrawal, buybacks

The income tax department has released the utilities for ITR forms 2 and 3.

5 min read14 Jul 2025
Money

Guide for NRIs for filing FY25 income tax returns

With the ITR deadline for FY25 (AY26) set for 15 September 2025, NRIs should begin preparing well in advance.

4 min read27 Jun 2025
Money

How to calculate tax if capital gains are your sole income in FY25

The benefit of ₹1.25 lakh exemption and the basic exemption limit are available, but slab rates are not applicable, and rebates are also not available.

4 min read18 Jun 2025
Economy

Income-tax return filing deadline extended to 15 September

The deadline for filing the returns has been extended because the digital ITR forms are being changed this year, which require more time to update the tax systems and release the necessary filing software, the CBDT said.

2 min read27 May 2025
Money

ITR 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 2025
Money

Income 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 2024
Economy

Income 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 2024
Money

Missed ITR filing July 31 deadline? Check the penalties you need to pay

Individuals who missed filling their income tax returns (ITR) within the deadline of July 31 can still file their ITR until December 31, 2024. However, they have to pay penalties to file belated ITR

1 min read1 Aug 2024

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