Even small errors in income tax filing can lead to penalties and delays in refunds. Choosing the correct form and having ...

If you realise an error after filing, you can submit a revised return under Section 139(5). This replaces your original ...

Filing Income Tax Returns (ITR) is crucial for salaried employees. Errors or omissions can lead to fines and legal action.

If you’re filing ITR under the old tax regime for AY 2025-26, be prepared for tighter scrutiny — every deduction you claim, from 80C to home loan interest, must be backed by detailed documents ...

There are common tax mistakes that could result in big fees and penalties, but they're usually avoidable with the right ...

Income Tax: The Income Tax Department has recently opened the online filing window for Income Tax Returns (ITR) using forms ITR-1 and ITR-4 for the assessment year (AY) 2025–26. Taxpayers can ...

Remember, the last date for filing IT returns has now been extended to 15 September 2025 from the usual deadline of 31 July 2025. Also read | Category III alternative investment funds were created ...

Senior citizens choosing the old tax regime can claim deductions under Section 80C on investments, including the tailor-made SCSS, as also deduction of up to Rs 50,000 on health insurance premiums ...

The Income Tax Department has rolled out offline Excel-based utilities for filing Income Tax Returns (ITRs) for the financial year 2024–25, corresponding to the assessment year 2025–26. These ...

Under the old tax regime, individuals below 60 are exempt up to Rs 2,50,000, those between 60 and 80 years up to Rs 3,00,000, and individuals above 80 years up to Rs 5,00,000.

Tax2efile, a leading IRS-authorized e-file provider, has officially launched its 2025 pre-filing season for Form 2290, giving truck owners and operators the opportunity to file their Heavy Vehicle ...

Mia Matthews, ex-wife of imprisoned former developer, gets probation, fine in tax-evasion case related to a Palm Beach hotel ...