Income tax return AY 26-27: The Income Tax Department has launched Excel utilities and online filing for ITR-1 and ITR-4 for ...

Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...

Taxpayers filing ITR for FY 2025-26 must choose the correct form based on income, taxpayer category and disclosures, with ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

Purpose / when used Filed after missing the original due date (late filing). Filed to correct an error/omission in an already-filed return (original or belated). Filed to voluntarily disclose missed ...

Taxpayers should be aware of the necessary documentation and deadlines for filing ITR. For FY2025-2026, the deadline is 31 ...

The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...

Taxpayers can choose between electronic verification or physical verification. For the latter, one needs to download the ...

Senior citizens aged 75+ with only pension and interest income can now avoid filing ITR using Form No. 125 under the new Income-tax Act, 2025. The bank computes income, deducts tax, and handles ...