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Inadvertent error in filing Income Tax Return forms: ITAT directs recompute Income of Assessee [Read Order]

The Income Tax Appellate Tribunal (ITAT) Chennai bench directed the Assessing Officer (AO) to recompute the income of the assessee observing the...

New Income Tax Return Forms and Recent Changes that You Need to Know

CBDT releases instructions to Income Tax Return forms for AY 2021-22 [Read Instructions]

No requirement of Scrip Wise Reporting for day Trading and Short-Term Sale or Purchase of Listed...

CBDT revises Income Tax Return Forms to enable Taxpayers avail benefits of Timeline extension due to...

Why Income Tax Return Filing is Mandatory? All You Need to Know

Paying Tax in time and participate in the nation-building is both a legal and moral duty of a citizen. It is important to note that Income Tax Return must be filed even if there are no tax dues to the...

Govt. notifies new Income Tax Return Forms for AY 2018-19 [Read Notification]

The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was...

CBDT notifies new Income Tax Return Forms for AY 2017-18

The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2017-18. One of the major reforms made in the notified ITR Forms is the designing of...