ITR filing: What happens when you file wrong ITR form. Check important points 

ITR filing: What happens when you file wrong ITR form. Check important points 

ITR Filing AY 2024-25: The Income Tax Department issues different tax return forms for different section of taxpayers. Income Tax Return (ITR) is a crucial document where taxpayers provide details regarding their income and applicable taxes to the income tax department. As of now, the I-T department has introduced a total of 7 forms, namely … Read more

Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms

Income tax return filing for FY23-24: Check details of Form 16 issue date, ITR forms

All salaried individuals need to wait at least more than two months to file income tax returns (ITR) for the financial year 2023-24. As per the usual schedule, employers issue Form 16 around mid-June, i.e before June 15. For FY 2023-24 (assessment year 2024-25), Form 16 should be issued by June 15, 2024. Form 16 … Read more

Income Tax returns FY24: CBDT says functionalities to file return enabled, 23,000 ITRs filed since Apr 1

Income Tax returns FY24: CBDT says functionalities to file return enabled, 23,000 ITRs filed since Apr 1

The Central Board of Direct Taxes (CBDT) on Thursday said it has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25, i.e. FY2023-24) from April 1, 2024. The ITRs, i.e. ITR-1, ITR-2 and ITR-4, which are the most commonly used by taxpayers, are now available on the e-filing portal. Taxpayers … Read more