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IT department can complete the reassessment of 170 thousand 'notices' by March 2025, issued from March 2021 to March 2024 for income not declared under past assessment years.

170000 Reassessment by next March; Target set by Income Tax Department

Choosing the correct form is crucial, If taxpayers are salaried individuals with no income from a business or profession, they have two form options: ITR-1 (Sahaj) and ITR 2.

Income Tax Return Filing Guide: Should Taxpayers use ITR-1 (Sahaj) or ITR-2?

Finance Act 2023 amendments have added several additional reporting obligations and adjustments in the Income Tax Return AY 2024-25.

ITR Filing: Key Changes in the Income Tax Return Forms AY 2024-25

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The tax filing deadline is still a month away and many taxpayers collecting documents required to file ITR and Form 26AS is one of them.

ITR Filing 2023-24: How to Download and Understand Form 26AS for Tax Filing

Taxpayers had to adhere to a single tax regime till 2020-21. However, in Budget 2020, a new tax system was implemented, that has been made the default tax system in Budget 2023.

ITR Filing: Switch from New Tax Regime to Old Tax Regime; Let's Understand How!

If paying rent in combination with an online transfer and cash gets you in trouble, a situation may arise where your landlord can deny a rent payment receipt.

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170000 Reassessment by next March; Target set by Income Tax Department

Income Tax Return Filing Guide: Should Taxpayers use ITR-1 (Sahaj) or ITR-2?

ITR Filing: Key Changes in the Income Tax Return Forms AY 2024-25

ITR Filing 2023-24: How to Download and Understand Form 26AS for Tax Filing

ITR Filing: Switch from New Tax Regime to Old Tax Regime; Let's Understand How!

Is it Ok Paying Rent in Cash without a Rent Receipt?; Know reason Why your HRA Claim will get rejected and you end up receiving Tax Notice