When a taxpayer files their income tax return (ITR), they face different issues. One of the common issues is the Annual Information Statement (AIS). And this is not new; every year, taxpayers face some errors while filing their ITR. But, don’t worry, if you are getting an AIS error, the Income Tax (I-T) Department has issued…
With the due date for filing income tax return (ITR) approaching, taxpayers are in a state of confusion regarding the rebate under Section 87A of the Income Tax Act. One of the main reasons for this is the last budget 2025 announcement, which had sought to raise the rebate to Rs 60,000. But, it does…
The Central Board of Direct Taxes (CBDT) has extended the last date for salaried individuals to September 30, 2025, from July 31, 2025. The extension is given due to a delay in the ITR forms and e-filing utilities on the portal of the Income Tax Department. Many taxpayers also faced issues with the forms 26AS…
As the deadline for ITR filing in 2025 approaches, taxpayers across India are busy calculating income, deductions, and liabilities. But in the state of Sikkim, the process is remarkably different. Here, eligible native residents pay zero income tax—regardless of how much they earn. Backed by Article 371(F) of the Constitution and Section 10(26AAA) of the…
While filing an income tax return (ITR), it is important to choose the correct ITR form. For individuals with more than one source of income— for example, a salaried person who also invests or trades in stocks, earns rental income, or offers consulting services—selecting between ITR‑2 and ITR‑3 can be confusing. But filing the right…
The Central Board of Direct Taxes (CBDT) has extended the income tax return filing date to September 15, 2025 from July 31, 2025. This is a developing story, more details will be added soon. Source link