Choosing the wrong ITR form can render your returns defective, delaying processing and, hence, the refund of any excess tax ...

While the new tax filing reform is a positive development and makes an attempt to facilitate filers, the procedural changes do not make up for the shortcomings in the overall tax regime that are ...

For salaried employees, Form 16 is not only a regular form—it's the basis of your income tax return. Your employer issues it ...

The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, enabling income tax return filing for FY 2024-25 (AY 2025-26). This year, the ITR forms underwent various ...

A sharp rise in scrutiny, delayed utilities, and mismatches with AIS/Form 26AS are causing refund delays for millions of ...

One big reason for the delay is that the tax filing season began late this year. Normally, people can file their returns from ...

The Federal Board of Revenue (FBR) is all set to launch simplified digital tax return forms for salaried individuals starting ...

The recent spate of scrutiny notices from tax authorities highlight the need for meticulous reporting and compliance while ...

Salaried individuals will be required to file ITR forms for financial year 2024-25 and assessment year 2025-26. However, self ...

Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing ...

The Income Tax (I-T) department has released Excel-based utilities for Income Tax Return (ITR) forms ITR-2 and ITR-3 for ...

This has brought relief to crores of taxpayers who were not able to file their returns properly till now, especially those ...