Filing income tax returns (ITR) can often seem confusing, especially for salaried employees unsure about their income details and tax deductions. But thanks to advancements like the Digital Form 16 , ...
The Income Tax Department has released all income tax return (ITR) forms for the assessment year 2025–26. However, salaried individuals may need to wait until mid-June to submit their returns. This ...
Belated ITR filers should also be aware of penalties and charges. Section 234F imposes a late fee of Rs 5,000 (Rs 1,000 if ...
The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change ...
Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...