ITR filing 2024: The Central Board of Direct Taxes (CBDT) enabled early last month ITR forms 1, 2, 3, 4 and 6 on the Income Tax Department’s e-filing portal for ...

Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

Filing ITR is not only a legal responsibility but also important for taxpayers' financial health. It keeps a record of one's ...

For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they cannot freely switch back and forth.

More than 9 crore people have filed their income tax returns (ITR) for the financial year 2025 (as of February 28), according ...

ITR-4: Sugam This form is exclusively for those ... As per law, under this scheme, your net income will be considered as 6% of your total revenue, and you'll have to pay taxes on that.

ITR-U Filing Deadline on March 31: The Income Tax (I-T) Department has asked taxpayers to file an updated income tax return (ITR-U) before its deadline of March 31, 2024; failing which, they will need ...

Out of these taxpayers, those whose income is between ₹ 1-5 crore is a whopping 3.89 lakh, while those with income between ₹ ...

Examples are ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Also Read: Quashing Volkswagen's $1.4 billion tax bill can be 'catastrophic,' Customs dept says Choose the applicable form ...

All depends on how the ITR utility is configured," said Balwant Jain. Even after the due date, you can revise a return and change the tax regime, but only if the original ITR was filed by the due ...

ITR-3 filings rose by 15.50 per cent, and ITR-5 and ITR-6 filings saw growth of 6.46 per cent and 5.59 per cent, respectively, as per the Income Tax Department. Meanwhile, earlier in the day, the ...