ITR filing 2025 deadline: The Income Tax Department had already given taxpayers extra time by extending the last date for filing Income Tax Returns (ITR) for FY 2024–25 (AY 2025–26) to September 15, ...
Free products, sponsored trips, and non-cash perks are now taxable under Section 194R if their value exceeds ₹20,000 annually. Brands must deduct 10% TDS, and creators must report the income in their ...
The draft Income-tax Rules, 2026, propose several income-tax forms that were earlier prescribed under the Income-tax Rules, 1962. The CBDT is expected to notify the draft income tax rules by the first ...
Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...
India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, from April 1, 2026. This will replace the nearly six-decade-old Income Tax Act ...
Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...