ITAT Pune rules discretionary trusts pay surcharge at slab rates, not 37% maximum on dividend income, reversing CPC and CIT(A) ...

In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain ...

Income Tax Return Filing 2025: As the income tax department has enabled the Excel-based utilities of ITR-1 and ITR-4 to allow the offline ITR fling for FY 2024-25 (AY 2025-26), over 15,500 income tax ...

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.

Under the revised norms, taxpayers with long-term capital gains up to ₹1.25 lakh from listed equities can now report such income in ITR-1 and ITR-4 New Delhi: The Income Tax ... 4 for AY 2025-26 ...

1.25 lakh. ITR 4- Form has now been made available for offline ITR filing The Excel-based utilities for ITR-1 and ITR-4 for AY 2025-26 are accessible for download on the e-filing ITR portal’s ...

MSOs using a passthrough entity structure thus may be able to maximize their non–SSTB income and, in turn, maximize QBI tax deductions for their owners before applying other limitations (i.e., wage ...

Individuals with income from salary, one house property, and other sources. LTCG up to ₹1.25 lakh under Section 112A, where no tax is payable. Resident individuals, HUFs, and firms (not LLPs). Income ...

The Income Tax Department has extended the deadline to file tax returns for the assessment year 2025-26. The taxpayers, who don’t need their accounts to be audited, can now file the Income Tax Return ...

Filing income tax returns (ITRs ... This means returns can now be updated for the assessment years 2021-22, 2022-23, 2023-24, and 2024-25. In its press note, the CBDT shared that the ITR forms for AY ...

Formal notification will follow." Income Tax Department, Government of India posted on X. According to CBDT, the notified ITRS for AY 2025-26 have undergone structural and content revisions aimed ...