Read all Latest Updates on and about Income Tax Return

Top

Begin typing your search above and press return to search.

Home
»
Income Tax Return

CBDT Extends Processing Deadline for ITRs of AY 2023-24: Know Exemptions [Read Circular]

Navasree A.M

The Central Board of Direct Taxes ( CBDT), vide circular dated 9th June 2025 has extended the deadline for processing valid Income Tax Returns (...

ITR Filing Starts with Form 16/16A: Know Differences Between these Forms

NFAC issues Duplicate of Earlier Order due to Mis-communication: ITAT Sets Aside Order [Read Order]

ITR Filing 2025: Avoid These Costly Mistakes While Submitting Your Income Tax Return

Disallowance of Construction Cost for Lack of Documentary Evidence: ITAT Restricts Addition to Rs....

Income Tax Dept enables ITR Filing for FY 2024-2025: Filing Season Officially Starts for ITR-1 and ITR-4

The Income Tax Department has released the first version (v 1.0) of its Excel-based offline utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) on the e-Filing portal, signalling the formal opening of the...

Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Director's Loan [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 4.90 lakh made under Section 68 of the Income Tax Act, 1961, and affirmed the genuineness of a business...

Interest from Urban Cooperative Banks Qualifies as Society Income: ITAT Allows 80P Deduction [Read Order]

The Ahmedabad SMC Bench of the Income Tax Appellate Tribunal has ruled in favour of a cooperative credit society, holding that interest income earned from deposits in an Urban Cooperative Bank is...

Getting your Child Married Soon? Here’s What You Must Know about Tax on Gifts as A Parent

When an Indian wedding is announced, a joyous cascade of envelopes and boxes follows. Relatives bring shagun, friends press crisp currency notes into the parents’ hands, and sometimes the gifts swell...

Child Married - Tax on Gifts as A Parent - You Must Know about Tax - taxscan

'Got Call from Finance Minister': CA's Satirical 'X' Post Stirs Controversy, I-T dept Responds

A satirical post by Chartered Accountant ( CA ) set backfires from the Income Tax Department and the professionals. The accountant posted that he had received a call from the Finance Minister has...

Finance Minister - Got Call from Finance Minister - CAs Satirical - taxscan

Income Tax Returns: CBDT Notifies ITR-U for Filing Updated Returns [Read Notification]

The Central Board of Direct Taxes ( CBDT ) has issued a new format for Form ITR-U (Updated Return), allowing taxpayers to submit updated income tax returns under Section 139(8A) of the Income Tax...

Income Tax Return - ITR - CBDT - TAXSCAN

ITR Processing Delay: 78-Year-Old Senior Citizen Waits Over 2 Years, Here’s the Income Tax Dept’s Response

A recent post on social media platform X (previously Twitter) has attracted public attention regarding the excessive delay in accepting for processing the Income Tax Return ( ITR ) of a senior...