ITR Filing: The last date for filing the Income Tax Return,, ITR) is approaching. If you are employed and are preparing to file ITR for Assessment Year 2025-26 for the financial year 2024-25, then it ...
ITR filing FY 2024-25: The last date to file your Income Tax Return (ITR) for AY 2025-26 is approaching. This year the Income Tax Department has extended the ITR filing deadline to September 15, 2025.
Missing Form 16 does not mean salaried employees cannot file their Income Tax Return (ITR). Tax experts say taxpayers can still complete the filing process using alternative documents such as salary ...
Many salaried individuals have to use the ITR-1 form to file their tax returns. A resident individual having total income up to Rs 50 lakh from salary, one house property and income from other sources ...
Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant ...
ITR filing FY 2025-26: For salaried taxpayers, the process of filing income tax return or ITR begins with Form 16. It’s the most important document with comprehensive details about your salary income.
Iran-backed Yemeni group, the Houthis, have threatened a maritime blockade on Saudi Arabia. What this essentially means is that Saudi Arabia’s crude oil exports are set to be hit. And India which gets ...
Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS). This helps identify income that may not appear in Form 16.
A nil tax liability in Form 16 does not automatically exempt salaried taxpayers from filing an ITR. Filing may still be necessary to claim refunds, carry forward losses and meet reporting requirements ...
If you want to carry forward your losses from mutual funds, shares, or property sales, then you need to file ITR before the deadline. This will help you reduce future tax liability. Thinking of filing ...