ITR-4, and ITR-5 forms for the assessment year 2025-26. Income tax payers can now file their ITR returns by choosing either ...

Jian-Cheng Ku, Roland Kleimann, and Jurriaan van Bladel of DLA Piper Netherlands analyse recent case law on key financing ...

the Income Tax Department has officially notified the Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26. These simplified forms are designed for individuals and entities ...

A major change in the ITR forms this year is that ITR-1 (SAHAJ) can be filed for notifying long-term capital gains (LTCG) under section 112A. This is subject to the condition that the LTCG is not more ...

Income Tax: Central Board of Direct Taxes (CBDT) has finally notified income tax return filing forms (ITR-1 and ITR-4) via notification dated April 29, 2025. Taxpayers were eagering waiting for ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

There are a number of income tax (I ... basic exemption limit. Form 15G is submitted by taxpayers below 60 years of age and 15H by taxpayers above 60 years of age. IV. Tax deducted under section ...

You’ve opted for ESOPs with deferred tax. You own foreign assets or have foreign income. These cases require you to file ITR-2 or other appropriate forms. You are a director in any company.

This provision reflects ongoing efforts to simplify tax processes for senior citizens. For those aged 60 to 79, ITR forms should be selected based on income sources, with ITR-1 applicable for ...

H. 4216, in its current form, brings South Carolina’s income tax rate down to 2.49% if certain revenue triggers are met. In North Carolina, meanwhile, the state’s 4.25% flat income tax will ...

The ITR filing for the financial year 2024-25 is yet to commence as the Income Tax Department has not notified the ITR forms required to initiate tax filing. Last year, the department had notified ...

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced ... “Gone are the days of long queues at banks, tedious form-filling, and the looming anxiety of last ...