Good news! Income Tax payers are no longer required to sign ITR-V and send ITR V To Banglore CPC. ITR-V can not now be verified online using Aadhar card and / or net banking. This is a much awaited initiative from Income tax department which is welcomed by all income tax payers. We are sharing … Read more
Income tax forms for Assessment year 2015-2016 is released by income tax department. For Assessment year 2015-2016, every person (not being a co.) to e-file (Electronic Income tax Return) the income tax return if its total income exceeds Rs. 5,00,000. While filing the return care should be taken to ensure that you select correct Income tax forms. Please use … Read more
Why need to file tax returns before 31st march 2015? If you are yet to file income-tax return for the previous financial year 2013-2014 (assessment year 2014-15), you still have a chance to do so by March 31. The return for income earned in the financial year ending on 31 March should ideally be filed … Read more
Important announcement for Tax payers for updating contact details in e-Filing Portal incometaxefilling.gov.in Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for all communications related to e-Filing. It is mandatory that all tax payers must have a valid contact details registered in e-Filing portal. It is noticed that many registered users … Read more
The Central Board of Direct Taxes (CBDT) has specified a value for the cost inflation index (CII) for 2014-15. A cost inflation index helps reduce the inflationary gains, thereby reducing the long-term capital gains tax payout for a taxpayer. Last year, the index was ‘939’, and this year it is ‘1024’. This would mean that … Read more
Last updated: August 2026 — FY 2025-26 (AY 2026-27) ITR-4 (Sugam) is the simplified return form for small businesses and professionals who declare income on a presumptive basis under Sections 44AD, 44ADA or 44AE. It replaced the old ITR-4S form in 2017. This guide explains exactly who can file ITR-4 for FY 2025-26, who is … Read more
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) | Last Date: 31 July 2026 Filing your Income Tax Return (ITR) online is straightforward if you follow the right steps and avoid common mistakes. Step-by-Step: How to File ITR Online Collect Form 16, Form 26AS, AIS, bank statements, and investment proofs Login to incometax.gov.in with … Read more
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) ITR-2 is used by individuals and HUFs who have income beyond salary and cannot use ITR-1. Who Should Use ITR-2 for FY 2025-26? Income exceeding Rs. 50 lakh Capital gains from shares, mutual funds, or property More than one house property NRIs with India-sourced income RNOR … Read more
ITR-1 (Sahaj) is India’s simplest income tax return form – and for FY 2025-26 (AY 2026-27) it just became useful to even more taxpayers. This guide covers who can file ITR-1, what changed this year, the documents you need, and a step-by-step walkthrough of filing it online before the 31 July 2026 deadline. Watch: ITR-1 … Read more
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Section 87A of the Income Tax Act provides a tax rebate that reduces your income tax liability to zero if your total income is within the specified limit. This is one of the most beneficial provisions for middle-income taxpayers in India. Section 87A Rebate for FY … Read more