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 2025Confused 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 2025The income tax department has released the utilities for ITR forms 2 and 3.
5 min read14 Jul 2025With the ITR deadline for FY25 (AY26) set for 15 September 2025, NRIs should begin preparing well in advance.
4 min read27 Jun 2025The 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 2025The 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 2025Updated 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 2025Filing 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 2024At 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 2024Individuals 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 2024The 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
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