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Income Tax Return

Latest Articles


Importance of Disclosing Foreign Income & Assets in ITR

Income Tax : Accurate disclosure of foreign assets and income in ITR is essential to avoid penalties. Revised returns can be filed by December ...

November 27, 2024 2916 Views 0 comment Print

How to rectify an incorrectly selected ITR form by taxpayer during e-filing

Income Tax : Learn steps to rectify an incorrectly selected Income Tax Return (ITR) form during e-filing. Understand the implications and how t...

October 19, 2024 4155 Views 0 comment Print

Master Guide on Filing Income Tax Return: Everything You Need to Know

Income Tax : Learn about Income Tax Returns (ITR) forms for different taxpayers, filing methods, and requirements. Includes details on ITR-1, I...

August 26, 2024 149426 Views 17 comments Print

Bonafide Mistake: Still a Bonafide plea under Black Money Act?

Income Tax : Explore conflicting rulings on whether bonafide mistakes in disclosing foreign assets under the Black Money Act can avoid penaltie...

August 26, 2024 900 Views 0 comment Print

Filling-up of the Income-tax return forms for Assessment Year 2024-25: FAQs

Income Tax : Non-residents without TIN should use passport numbers, and directors of foreign companies should select "foreign company." Reporti...

August 25, 2024 1428 Views 0 comment Print


Latest News


Women Income Tax Filers in India: State-wise Data

Income Tax : State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India....

November 28, 2024 1353 Views 0 comment Print

Representation on Incorrect Income Tax Return processing & TDS credit denial

Income Tax : KSCAA requests review of incorrect TDS credit processing by CPC Bengaluru for AY 2024-25 and urges system corrections and resoluti...

September 13, 2024 3918 Views 1 comment Print

Record 7.28 crore ITRs filed for AY 2024-25 till 31st July, 2024

Corporate Law : A record 7.28 crore ITRs filed for AY 2024-25, with 5.27 crore in the New Tax Regime. Over 69.92 lakh ITRs were filed on 31st July...

August 2, 2024 750 Views 0 comment Print

Celebrating Income Tax Day 2024: A Journey of Transformation

Income Tax : Explore Income Tax Day 2024s history, significance, and key updates from Budget 2024-25, including enhanced deductions and revised...

July 23, 2024 252 Views 0 comment Print

Increase in Tax Returns Filed in India: Key Insights

Income Tax : Learn about the rise in tax returns filed in India, targeted campaigns encouraging filings, and steps taken by the government for ...

July 22, 2024 240 Views 0 comment Print


Latest Judiciary


Tender bid duly disqualified due to non-submission of required income tax returns: Guwahati HC

Income Tax : Guwahati High Court held that since the Average Annual Financial Turnover cannot be said to be the same as an Income Tax Return, n...

November 30, 2024 135 Views 0 comment Print

Jaipur Development Authority eligible for section 11 Exemption: Rajasthan HC

Income Tax : Rajasthan High Court dismisses IT Department's appeal, upholding Jaipur Development Authority's exemption under Section 11 of the ...

August 10, 2024 354 Views 0 comment Print

Issuance & service of section 143(2) notice after filing of ROI is sine-qua-non for framing assessment

Income Tax : ITAT Bangalore rules that issuing a notice under Section 143(2) of the Income Tax Act is mandatory for valid assessment after reop...

August 10, 2024 480 Views 0 comment Print

ITAT Deletes Section 69C Addition for Capital Introduced by Partner

Income Tax : Detailed analysis of ITAT's decision to delete the Section 69C addition for capital introduced by a partner in the Shivam Develope...

June 4, 2024 624 Views 0 comment Print

Assessee Can Avail DTVSV Act Benefits Even if Appeal Limitation Period Not Expired

Income Tax : Assessee can't be obstructed from availing of the benefits of the Direct Tax Vivad se Vishwas Act, 2020 (DTVSV Act) even where the...

May 31, 2024 666 Views 0 comment Print


Latest Notifications


CBDT Extends Income Tax Return Deadline to Nov 15, 2024

Income Tax : The CBDT extends the Income Tax Return due date for AY 2024-25 to November 15, 2024, as per Circular No. 13/2024 issued on October...

October 26, 2024 11724 Views 0 comment Print

CBDT notifies ITR-7 under section 139 of Income tax Act 1961 for AY 2024-25

Income Tax : CBDT notifies ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 13...

March 1, 2024 4557 Views 0 comment Print

CBDT Release ITR 2,3 & 5 for AY 2024-25 & amends Income Tax Rule 12

Income Tax : Stay updated on Income Tax rules with CBTD Notification No. 19/2024. Explore amendments effective from April 1, 2024, impacting ru...

January 31, 2024 6096 Views 0 comment Print

CBDT notifies Income Tax Return (ITR) Form ITR-6 for AY 2024-25

Income Tax : CBDT notifies ITR-6 form for AY 2024-25. Companies who don't have income from property held for charitable or religious purposes c...

January 24, 2024 10347 Views 0 comment Print

CBDT notifies ITR 1 and ITR 4 for AY 2024-25 / FY 2023-24

Income Tax : CBDT notifies ITR 1 and ITR 4 for Assessment Year (AY) 2024-25 / Financial Year (FY) 2023-24 vide Notification No. 105/2023-Incom...

December 22, 2023 12945 Views 0 comment Print


Latest Posts in Income Tax Return

Tender bid duly disqualified due to non-submission of required income tax returns: Guwahati HC

November 30, 2024 135 Views 0 comment Print

Guwahati High Court held that since the Average Annual Financial Turnover cannot be said to be the same as an Income Tax Return, non-submission of income tax returns as required duly disqualifies the petitioner’s tender bid.

Women Income Tax Filers in India: State-wise Data

November 28, 2024 1353 Views 0 comment Print

State-wise details of women income tax filers from 2019 to 2024 show a steady increase in participation across India.

Importance of Disclosing Foreign Income & Assets in ITR

November 27, 2024 2916 Views 0 comment Print

Accurate disclosure of foreign assets and income in ITR is essential to avoid penalties. Revised returns can be filed by December 31, 2024, for A.Y. 2024-25.

CBDT Extends Income Tax Return Deadline to Nov 15, 2024

October 26, 2024 11724 Views 0 comment Print

The CBDT extends the Income Tax Return due date for AY 2024-25 to November 15, 2024, as per Circular No. 13/2024 issued on October 26, 2024.

How to rectify an incorrectly selected ITR form by taxpayer during e-filing

October 19, 2024 4155 Views 0 comment Print

Learn steps to rectify an incorrectly selected Income Tax Return (ITR) form during e-filing. Understand the implications and how to correct the mistake.

Representation on Incorrect Income Tax Return processing & TDS credit denial

September 13, 2024 3918 Views 1 comment Print

KSCAA requests review of incorrect TDS credit processing by CPC Bengaluru for AY 2024-25 and urges system corrections and resolution for affected taxpayers.

Master Guide on Filing Income Tax Return: Everything You Need to Know

August 26, 2024 149426 Views 17 comments Print

Learn about Income Tax Returns (ITR) forms for different taxpayers, filing methods, and requirements. Includes details on ITR-1, ITR-2, ITR-3, and more.

Bonafide Mistake: Still a Bonafide plea under Black Money Act?

August 26, 2024 900 Views 0 comment Print

Explore conflicting rulings on whether bonafide mistakes in disclosing foreign assets under the Black Money Act can avoid penalties under Section 43.

Filling-up of the Income-tax return forms for Assessment Year 2024-25: FAQs

August 25, 2024 1428 Views 0 comment Print

Non-residents without TIN should use passport numbers, and directors of foreign companies should select “foreign company.” Reporting guidelines for property sales, foreign assets, and TDS credits included.

FAQs on Income Tax e-Verification Scheme 2021

August 20, 2024 9312 Views 0 comment Print

FAQs on e-Verification Scheme, 2021 provide general guidance in understanding procedures & processes of the e-Verification Scheme, 2021

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