One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs ...

Carry forward losses to offset future gains Claim an income tax refund Secure a visa or loan from banking institutions Purchase term insurance Filing an Income Tax Return (ITR) is a crucial ...

The Central Board of Direct Taxes (CBDT) has now further extended the due date by a day to September 16, 2025. The e-filing ...

ITR Due Date Extension 2025 Highlights: The last date to file income tax returns (ITR) for AY 2025-26 ends on 16 September.

Employers provide Form 16 to their employees towards the end of May or before mid-June every year. Form 16 is basically a certificate issued by the companies to prove that taxes have been deducted and ...

Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and link their PAN and Aadhaar cards in order to enable electronic ...

A notice circulating online on Sunday added more confusion to it, as it was referring to a press release from the Ministry of ...

If you file belated ITR, then its biggest disadvantage (Disadvantages of Belated ITR) will be that you will have to pay late fees. If your taxable income is less than Rs 5 lakh, you will have to pay a ...

The Income Tax Return (ITR) filing process for the Assessment Year (AY) 2025-26 has seen significant updates, particularly in the ITR-3 Excel utility, which is crucial for taxpayers including stock ...