Income-Tax Return Filing: Key Changes Notified in New ITR Forms for FY23-24

The income-tax (I-T) department has released new income-tax return (ITR) forms for…

Changes Introduced in New Sahaj, Sugam Income Tax Forms for AY 2024-25

For the assessment year (AY) 2024-25, taxpayers are mandated to provide additional…

Online ITR 1 and ITR 4 forms for FY 2022-23 (AY 2023-24) are now available on the income tax e-filing portal

Following the release of the Excel utility for ITR 1 and 4…

Mandatory Disclosures in ITR Filing

The extended income tax return filing due date for FY 2020-21 is…

Made Money From IPO Listings? Know the Tax Implications

Recently, we all witnessed a rise in the IPO listings of many…
HRA

Income Tax in Case You Own More Than One House Property

If a taxpayer owns many house properties, the Income Tax Act allows…

Who Can Opt for the Presumptive Taxation Scheme For Professionals?

Under the Income Tax Act, a presumptive taxation scheme has been notified…

Income Tax Forms Notified For The Financial Year 2021-22

As per the provisions of the income tax act, the last date…

CBDT grants relaxation on eligibility conditions of ITR-1 & ITR-4

The Central Board of Direct Taxes (CBDT) has granted relaxation in the…

ITR-1 and ITR-4 forms notified for AY 2020-21 for resident individuals

The Central Board of Direct Taxes (CBDT) has notified ITR-1 and ITR-4…