Income Tax : The updates concerning the ITR-5 form for Assessment Year (AY) 2025-26. The Central Board of Direct Taxes (CBDT) has made importan...
Income Tax : Selecting the right Income Tax Return (ITR) form (ITR-1 to ITR-7) for AY 2025-26 is crucial for tax compliance. This guide outline...
Income Tax : Understand the changes in ITR forms (1-7) for AY 2025-2026, including updates to capital gains reporting, tax regimes, deductions,...
Income Tax : CBDT has notified updated ITR forms for AY 2025-26. Changes include revised asset reporting thresholds, capital gains bifurcation,...
Income Tax : Discover the intricacies of Income Tax Returns (ITR) in India, from types of forms to required documents and compliance measures, ...
Income Tax : Stay ahead of tax compliance! Explore the latest Income Tax Return Forms (ITR Forms) notified by CBDT for A.Y. 2024-25. Get insigh...
Income Tax : CBDT notified Income-tax Return Forms (ITR Forms) for Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2...
Income Tax : These instructions are guidelines for filling the particulars in Income-tax Return Form-5 for the Assessment Year 2022-23 relating...
Income Tax : CBDT on 14th June 2022 has finally released after 74 days Excel offline Utility of ITR-5 [For persons other than,- (i) individu...
Income Tax : Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March,...
Income Tax : The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accura...
Income Tax : The CBDT substituted Form ITR-5 through the Fifth Amendment Rules, 2026. The ruling mandates use of the revised return format for ...
Income Tax : CBDT issues Income-tax (Fourteenth Amendment) Rules, 2025, effective April 1, 2025, replacing FORM ITR-5 in Appendix-II....
Income Tax : Explore the Ministry of Finances corrigendum (Notification No. 22/2024) on Income-tax (Amendment) Rules, 2024. Learn about changes...
Income Tax : Stay updated on Income Tax rules with CBTD Notification No. 19/2024. Explore amendments effective from April 1, 2024, impacting ru...
CBDT notifies ITR Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, ITR-6, ITR-V and ITR- Ack for Assessment Year 2022-23/Financial Year 2021-22 vide Notification No. 21/2022 Dated 30th March, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 21/2022-Income Tax | Dated: 30th March, 2022 G.S.R 231(E).—In exercise […]
EXTENSION OF DUE DATES Central Board of Direct Taxes (CBDT), through its Circular No. 17/2021, dated September 9, 2021, has extended the due date for filing Income Tax Returns (ITRs) for Assessment Year 2021-2022 (Financial Year 2020-2021). The said extension of time lines for income tax returns and audit reports (wherever applicable) have been summarized […]
Government released New ITR filing portal on 7th June, 2021 for improving efficiency of IT Portal, best user interface and better user services. However, since the day of its launch, portal is facing many problems/errors like unable to File ITR on New Portal, unable to do EVC (E-verify) of ITR, non launching of schema of […]
Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and Notification No. 82/2021-Income Tax | Dated: 27th July, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021 i.e. for […]
What is ITR and why one should file ITR? Income Tax Return (ITR) is notified form by CBDT, in which the taxpayers file their information about his income earned and investment details to the income tax department. Till now the department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, […]
Forms of income tax return prescribed under Income tax law What is ITR ? ITR stands for Income Tax Return. It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. It also allows carry […]
CBDT has decided to discontinue Excel & Java version of ITR utilities from AY 2021-22 and it has released JSON Utility for ITR1 & ITR 4 for Assessment Year 2021-22. The utility for other ITRs will be enabled shortly, the ITR 1 to 4 can be filled using single JSON Utility. Import of Prefill file […]
ITR Forms for A.Y. 2021-22: ITR-1 (Sahaj) -Resident Individual (Other than ordinarily resident) -Total income Upto Rs. 50 Lacs -Income from salary, one house property, other sources (interest etc.), family pension income and agriculture income upto Rs. 5,000 ITR-2 -Individual and HUF not having income from profit and gains of business or profession -A director […]
CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. The Central Board of Direct Taxes has notified […]
Instructions for filling out FORM ITR-5 These instructions are guidelines for filling the particulars in Income-tax Return Form-5 for the Assessment Year 2020-21relating to the Financial Year 2019-20. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which this Return […]
