ITR Filing
Latest news, explainers and analysis on ITR Filing. Tracking 13 stories on Arth Vani.
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Latest on ITR Filing
BreakingDiwali Bonus Tax: How Your Festive Payout is Taxed in India
Diwali cash bonuses from employers are taxable as salary income in India, subject to your applicable income tax slab. While cash gifts are generally taxed, certain non-cash gifts up to ₹5,000 are exempt.
BreakingIncome Tax Audit to Oct 21, ITR Filing to Nov 21 for AY 2026-27: Government Extends Deadlines
The Central Government has extended the deadlines for tax audit reports and Income Tax Return (ITR) filing for the Assessment Year 2026-27. Taxpayers requiring an audit now have until November 21, 2026, to file their ITR, while the deadline for tax audit reports is October 21, 2026.
BreakingIncome Tax Act 2025: Crypto Investors Must Track Transactions, 30% Tax Stays
The Income Tax Act, 2025, largely retains the current 30% tax on crypto gains and 1% TDS on transactions for Indian investors. However, a significant change is the introduction of a new reporting framework, requiring Virtual Digital Asset (VDA) holders to maintain detailed records of all transactions and wallet activities.
Tax Professionals Group AIMTPA Seeks Extension for Audit ITR, TAR Due Dates
AIMTPA, an association representing tax professionals, has formally requested the Finance Ministry to extend the due dates for Tax Audit Reports (TAR) and Income Tax Returns (Audit ITR). The group cites a significant increase in workload, making it challenging for professionals to meet current deadlines.
Breaking50,000 Swiggy Partners Claim ₹6.5 Crore ITR Refunds Using App
Over 50,000 Swiggy delivery partners have successfully used a digital application to file their Income Tax Returns (ITRs), collectively securing tax refunds amounting to ₹6.5 crore. This development highlights the growing adoption of fintech tools by gig economy workers to streamline their tax compliance and claim legitimate refunds.
Anticipating ITR Filing Deadlines for FY 2025-26 (AY 2026-27)
Individual taxpayers in India should start preparing for the upcoming income tax return (ITR) filing season for Financial Year 2025-26 (Assessment Year 2026-27). While specific due dates are yet to be officially announced by the Income Tax Department, understanding the process and gathering documents beforehand is crucial for timely compliance.
BreakingITR Filing Deadline August 31: Choose the Right Form for Business Income
With the August 31 deadline for filing Income Tax Returns (ITR) approaching, taxpayers with business or professional income must select the correct ITR form. Understanding the nuances between ITR-3 and ITR-4, along with relevant TDS and audit forms, is crucial for accurate filing.
BreakingITAT Chennai Rules: Gratuity Tax Deduction Cannot Be Denied Due to ITR Filing Errors
The Income Tax Appellate Tribunal (ITAT) Chennai has ruled that taxpayers cannot be denied genuine gratuity deductions under Section 43B simply for reporting them in the wrong schedule of their tax return. This decision provides significant relief to businesses and taxpayers facing technical disallowances due to clerical mistakes in ITR forms.
BreakingIncome Tax Notice Under Section 139(9)? How to Fix a Defective Return and Avoid Penalties
The Income Tax Department issues Section 139(9) notices when a filed return contains errors or missing information. Taxpayers must respond within 15 days to prevent their return from being declared invalid, which could lead to the loss of tax benefits and carry-forward losses.
BreakingFiled ITR Early? Recheck 7 Key Details Before July 31 Deadline to Avoid Errors
Taxpayers who filed their Income Tax Return (ITR) in May or June are advised to re-examine their submissions before the July 31 deadline. This proactive check can prevent common errors, ensure accurate refunds, and avoid potential notices from the tax department.
BreakingITR Filing Deadline Approaching: Key Facts for Taxpayers
The deadline for filing Income Tax Returns (ITR) is fast approaching. Taxpayers should be aware of crucial details to ensure timely and accurate filing, especially first-time filers.
BreakingIncome Tax Dept Launches Foreign Assets Report: How to Check Your Overseas Holdings
The Income Tax Department has introduced a new 'Foreign Assets Information' report on the e-filing portal to help taxpayers track overseas financial data. This tool allows individuals to verify information received from foreign jurisdictions under automatic exchange agreements before filing their returns.
BreakingITR-2 Filing Guide: Steps for Individuals & HUFs on Income Tax Portal
Individuals and Hindu Undivided Families (HUFs) not eligible for the simpler ITR-1 form can now file their Income Tax Returns (ITR) using the ITR-2 form online. This guide outlines the essential documents and the step-by-step process for submission on the official income tax e-filing portal.
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