As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to file their Income Tax Returns (ITR) for the financial year 2024-25.

MoneySmart is here with our handy step-by-step guide to help you through the income tax filing season for YA2025. So buckle up, and we’ll take you through this step-by-step guide to filing your taxes ...

The new financial year has started from April 1 and it is time to gather all your investment proofs for filing the income tax return for the previous financial year. Submission of important documents ...

The amount which is not utilized by the due date of filing of the ITR is required to be deposited in a bank account under the Capital Gains Account Scheme, which can be utilized for the same purpose.

(By sending the ITR-V to CPC, Bengaluru and filling of application for condonation of delay in this regard). Powers of the Competent Authority Discretionary e Steps in Application u/s 119(2)(b):- 1.

Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.

The standard deadline for filing ITR-B is typically 60 days from the date of the tax notice issued following a search or requisition operation. What are the points to keep in mind while filing ITR-B?

“The applicable ITR forms to file for salaried persons are ITR-1 and ITR-2. ITR-1 to be filed if income is up to ₹50 lakh with limited sources like salary and one house property. ITR-2 to be filed if ...

When is Tax Day 2025? Tax day this year is Tuesday, April 15, 2025. When is deadline to file income tax forms in 2025? The deadline for paying taxes is midnight on April 15 in the time zone you're in.