When a taxpayer discovers any error or wrong statement in filing the original Income Tax Return (ITR) submitted earlier. The ...

Income Tax Department gives the taxpaying citizen an opportunity to file a revised income tax return (ITR) and an updated ITR ...

If you’re a small business owner, professional, or self-employed individual earning up to Rs 50 lakh annually, the ITR-4 (Sugam) form might be your easiest route to file taxes for AY 2025–26. The ...

The Income Tax Department has started enabling online utility for filing income tax returns online. This means now eligible taxpayers can start filing their ITR through the e-filing online portal for ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Taxpayers classified as resident and ordinarily resident must report overseas bank accounts, foreign shares or securities, ...

Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.