The I-T Department issues different forms for different types of taxpayers. This is based on their income sources, level of income, residential status, and legal status of the taxpayer, among others.

With the online filing of ITR-5 and ITR-7 now enabled, here is a clear breakdown of who should use these forms, what categories are covered, and the important deadlines to keep in mind.

The Income Tax Department has issued an important update for certain categories of taxpayers. While the deadline for most individuals to file their income tax returns has already passed, some ...

The Karnataka State Chartered Accountants Association (KSCAA) has appealed to the PMO, highlighting critical issues with the Income Tax e-filing portal. They cite delayed form releases, persistent ...

This case highlights the risks of an inexperienced CA. Filing an ITR correctly requires proper forms, documents, accurate income reporting, and TDS calculation ...

The Income Tax Department has made ITR-5 and ITR-7 forms available online on its e-filing portal for the Assessment Year (AY) 2025-26. These forms cater to specific categories of taxpayers and are not ...

The 'specified date' of furnishing of the report of audit under any provision of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26), in the case of assessees referred to ...

Section 44AD requires a person to get their accounts audited if profits from business are lower than prescribed limit or if a loss is incurred, provided the person had opted for Section 44AD in any of ...

The deadline for filing income tax audit reports is October 31, 2025, for eligible taxpayers, who must use forms 3CA, 3CD, and 3CB. Late submissions m ...

Effective A.Y. 2024-25, the new tax regime is the default. Taxpayers with business or professional income must file Form 10-IEA to opt for the old ...

Income tax refunds for AY 2025-26 are facing delays as the department increases scrutiny of old tax regime claims. Experts say inflated deductions, fraudulent exemptions, and strict monitoring by CBDT ...

With the deadline for submitting income tax audit reports fast approaching, businesses and professionals need to understand the rules, eligibility, and penalties tied to tax audits for the 2024-25 ...