Category: Self Education

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

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

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

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

Clipped from: https://cleartax.in/s/notice-section-148-income-tax-act As per Section 147 of the Income Tax Act, 1961, the Income Tax Department has the power to reassess an individual’s previously filed

Clipped from: https://www.financialexpress.com/money/declare-side-hustle-income-in-itr-3895520/ Understanding tax obligations for additional income is crucial for AY 2025-26. This guide details how to report earnings from side hustles, fixed deposits

Clipped from: https://www.financialexpress.com/money/filing-itr-without-any-ca-help-avoid-making-these-5-costly-mistakes-3896169/ Filing your Income Tax Return (ITR) for FY 2024-25? The deadline has been extended to September 15, 2025. Here’s how salaried individuals can

Clipped from: https://www.financialexpress.com/money/itr-filing-2025-how-nris-can-file-income-tax-return-tax-slabs-forms-eligibility-and-filing-deadline-explained-3847429/ NRIs are allowed to invest in various financial instruments and real estate in the country. The only exception is they cannot invest in

Clipped from: https://www.financialexpress.com/money/itr-filing-which-itr-form-is-applicable-for-tax-return-filing-by-nris-in-2025-3855374/ The applicability of ITR forms depends on factors such as the assessee’s sources of income, total earnings and also the category of the

Clipped from: https://www.financialexpress.com/money/itr-filing-fy-2024-25-old-vs-new-tax-regime-which-one-saves-you-more-3815050/ Under the new tax regime, individuals with annual income up to Rs 7 lakh can avail a rebate under Section 87A, meaning they

Clipped from: https://www.financialexpress.com/money/income-tax-return-filing-2025-which-itr-should-you-file-know-types-of-forms-3797643/ Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the taxpayer

Clipped from: https://www.financialexpress.com/money/income-tax-return-2025-i-t-department-upgrades-itr-2-filing-process-know-new-changes-3797884/ The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is designed for individuals

Clipped from: https://www.financialexpress.com/money/new-i-t-return-form-eases-disclosure-burden-formiddle-income-professionals-3830679/ CBDT notifies ITR-3 for AY 2025-26, easing disclosure for middle-income professionals. Key changes include higher asset threshold, split capital gains reporting, simplified deductions,

Clipped from: https://www.financialexpress.com/money/understanding-income-tax-regimes-old-vs-new-a-complete-guide-3868955/ In this article, we will dive deep into both tax regimes – Old Tax Regime and New Tax Regime. The write-up will explain

Clipped from: https://www.financialexpress.com/money/7-itr-forms-notified-with-changes-for-ay-2025-26-heres-how-to-select-the-right-one-for-you-3842921/ The Central Board of Direct Taxes (CBDT) has released a new set of Income Tax Return (ITR) forms — which will be applicable