Meanwhile, ITR-3 and ITR-4 are designed for those earning from business or professional income, with ITR-4 specifically catering to presumptive taxation under sections 44AD and 44ADA. Each form ...

T department allows taxpayers to opt between the two tax regimes. However, the decision can significantly impact your tax ...

Among the commonly used forms, ITR-1 (Sahaj) and ITR-4 (Sugam) cater to different categories of taxpayers. Understanding their eligibility, rules, and restrictions will help you select the right ...

Currently, there are 7 forms notified by the department - ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. It is crucial ...

Two of the most commonly used ones — ITR-1 (Sahaj) and ITR-4 (Sugam) — are designed for ease but come with distinct eligibility rules. You’re a non-resident or company director Your ...

To assist taxpayers prevent errors, the following factors are essential to keep in mind while submitting an Individual Tax ...

Selecting the incorrect Income Tax Return (ITR) form can result in incomplete reporting of information, potentially leading ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...

ITR-4 and ITR-5. With respect to ITR-2, there was a growth of 34.69 percent in FY 2025. For ITR-1, there was a marginal increase of 0.54 percent, and for ITR-3, there was 16.66 percent increase.

When you file your return, you declare your income, claim deductions, and report taxes already paid. The tax system compares your actual tax due with what you’ve already paid. If you've paid more, the ...

Learn about the ITR-B Form for undisclosed income after search or seizure. Get to know the purpose, applicability, and filing instructions in this guide.