Clipped from: https://indianexpress.com/article/personal-finance/itr-filing-for-fy-2024-2025-rules-to-follow-to-avoidlate-refunds-10132314/ ITR Filing FY 2024-25, AY 2025-26: To avoid delays in income tax refunds for FY 2024-25 (AY 2025-26), it’s important to know that
Day: July 18, 2025
ITR-2 filing FY 2024-25 begins online: Know the eligibility, new updates, and more
Clipped from: https://indianexpress.com/article/personal-finance/itr-2-filing-fy-2024-25-begins-online-know-the-eligibility-new-updates-10134038/ ITR-2 Filing FY 2024-25: The Income Tax Department has finally activated ITR-2 for online filing after a 100-day delay. Taxpayers can now file
Taxmann, EY India launch AI-powered platform for tax, legal professionals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/taxmann-ey-india-launch-ai-powered-platform-for-tax-legal-professionals/article69827075.ece The responses generated by Taxmann.AI are grounded in original, verifiable content from Taxmann, backed by enterprise-grade privacy and security of EY tax technology
1-*Online ITR-2 e-filing opens: what’s new in AY 2025-26, who needs to use form | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/itr-2-e-filing-opens-what-s-new-in-ay-2025-26-who-needs-to-use-form-125071800643_1.html Online tax form was delayed due to revisions that match legislative changes, say experts The Income Tax department on Friday enabled online filing
1***ITR 2 now live for online filing with pre filled data; six key changes taxpayers must note – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-2-now-live-for-online-filing-with-pre-filled-data-six-key-changes-taxpayers-must-note-485175-2025-07-18 The department attributed the overall delay in releasing updated ITR utilities to recent legislative changes under the Finance Act 2024, prompting the extension
1***Avoid penalties: Fix AIS discrepancies before submitting ITR; Here’s what to do – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ais-discrepancies-correction-income-tax-department-ay-2025-26-485186-2025-07-18 If your Annual Information Statement (AIS) shows incorrect data, it’s important not to ignore it. Errors or mismatches in the AIS can lead
Now file ITR-2 online with pre-filled data: A big relief for salaried taxpayers – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/now-file-itr-2-online-with-pre-filled-data-a-big-relief-for-these-taxpayers-3918475/ If you’ve been waiting to file your income tax return (ITR) under Form ITR-2, here’s some good news. The Income Tax Department has finally activated ITR-2 for
*****ITR Filing: Non-disclosure of foreign income, US stocks can lead to tax trouble – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-itr-filing-non-disclosure-of-foreign-income-us-stocks-can-lead-to-tax-trouble-3919066/ Taxpayers must ensure proper disclosures when reporting foreign assets and income to tax authorities, including selecting the appropriate ITR form, filing Schedule FA
1***Capital gain on property: How to pay lower LTCG tax using indexation benefit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/capital-gain-on-property-how-to-pay-lower-ltcg-tax-using-indexation-benefit/articleshow/122633971.cms How claiming indexation benefit can help you pay lower long term capital gains (LTCG) tax on real estate sale transactions Only transactions that
*****How to download Form 26AS for ITR filing FY 2024-25 (AY 2025-26)? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-download-form-26as-for-itr-filing-fy-2024-25-ay-2025-26/articleshow/122640481.cms Form 26 As details The Income Tax Department has extended the last date for filing income tax returns (ITR) from July 31, 2025, to September
*****Online ITR-2 filing enabled with pre-filled data: Income taxpayers with capital gains, crypto, other incomes can now file ITR-2 online – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr2-filing-enabled-with-pre-filled-data-income-taxpayers-with-capital-gains-crypto-other-incomes-can-now-file-itr-2-online/articleshow/122719334.cms Income Tax Return Form of ITR-2 is now enabled for filing through online mode with pre-filled data at the e-filing portal. On July
*******Income tax audit forms are now enabled for business and professional income on ITR e-filing portal, check 5 prominent changes in form 3CA-3CD and 3CB-3CD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-audit-forms-are-now-enabled-for-business-and-professional-income-on-the-e-filing-portal-check-5-prominent-changes-in-form-3ca-3cd-and-3cb-3cd/articleshow/122743426.cms Forms 3CA-3CD and 3CB-3CD are now enabled on the e-Filing portal with changes as per Notification No. 23/2025/F. No. 370142/10/2025-TPL On July 18,
Claiming false deductions? I-T dept steps up scrutiny, warns of penalty | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/tax-experts-warn-against-fraudulent-deduction-claims-125071701010_1.html The warnings come as the government has given taxpayers more time to file their returns – the deadline is now September 15. But
ITR 3 Excel utility: Significant changes introduced for AY 2025 26; check details before ITR filing – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-excel-utility-significant-changes-noted-for-ay-2025-26-check-details-before-itr-filing-484873-2025-07-16 The ITR-3 Excel utility for Assessment Year 2025-26 introduces major updates, including enhanced disclosure requirements for deductions, capital gains segregation, and new reporting
Filed wrong ITR or fake deduction claims? Income Tax Dept issues final warning — Do THIS to fix errors – Money News | The Financial Express
clipped from: https://www.financialexpress.com/money/filed-wrong-itr-or-fake-deduction-claims-income-tax-dept-issues-warning-do-this-to-fix-errors-3917755/ Taxpayers who have shown fake deductions in their ITRs (income tax returns), made false claims or deliberately concealed any income are warned by
*AI flags font flaw, helps Income Tax dept bust capital gains fraud – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/ai-flags-font-flaw-helps-income-tax-dept-bust-rs-68-lakh-capital-gains-fraud-3918174/ The case centres on a Hyderabad-based taxpayer who sold an immovable property for Rs 1.4 crore, but dramatically slashed his tax liability using
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