However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Disclosures: TurboTax Free Edition is for Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of taxpayers ...

Listen to Story ITR forms 1 and 4 have been released for AY 2025–26 The last date to file an income tax return for FY 2024–25 is July 31, 2025 ITR-1 applies to resident taxpayers with total income up ...

This change makes tax filing simpler and less time-consuming for small investors, especially salaried individuals. To be eligible, the total income must not exceed ₹50 lakh, and LTCG must be ...

As the government has notified the ITR-1 (Sahaj) and ITR-4 (Sugam) forms, the income tax department will soon enable income tax returns filing for the financial year 2024-25 (or assessment year ...

The government has notified the income tax return forms 1 and 4 for the assessment year 2025-26, making it easier for individuals with long-term capital gains of up to ₹1.25 lakh from listed equities ...

the Income Tax Department has officially notified the Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26. These simplified forms are designed for individuals and entities ...

A major change in the ITR forms this year is that ITR-1 (SAHAJ) can be filed for notifying long-term capital gains (LTCG) under section 112A. This is subject to the condition that the LTCG is not more ...

Income Tax: Central Board of Direct Taxes (CBDT) has finally notified income tax return filing forms (ITR-1 and ITR-4) via notification dated April 29, 2025. Taxpayers were eagering waiting for ...

The returns for incomes earned during the financial year from April 1, 2024, to March 31, 2025, have to be filed using the new forms. Trending Photos New Delhi: The Central Board of Direct Taxes (CBDT ...

Any individual or family whose adjusted gross income was $79,000 or less in 2023 can use IRS Free File’s guided tax software at no cost. There are products in English and Spanish. Another Free File ...

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