The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, enabling income tax return filing for FY 2024-25 (AY 2025-26). This year, the ITR forms underwent various ...

ITR form selection is vital for tax returns. ITR-1 suits salaried individuals with income up to ₹50 lakh, whereas ITR-2 ...

Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing ...

ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new electronic income tax return form for individuals. The ...

For salaried employees, Form 16 is not only a regular form—it's the basis of your income tax return. Your employer issues it ...

The legal heir needs to register on the income tax portal through his or her own PAN and then request permission to act on ...

The Income Tax (I-T) department has released Excel-based utilities for Income Tax Return (ITR) forms ITR-2 and ITR-3 for ...

Try to avoid common income tax return mistakes for FY 2024-25 to prevent scrutiny and tax notices. Know key filing errors, ...

The Federal Board of Revenue (FBR) has issued draft of the electronic income tax return form for individuals and companies.

With multiple ITR forms notified by the Income Tax Department, it could be confusing for many, especially for senior citizens, to choose the right form. It’s important to choose the right ITR form to ...

Salaried individuals will be required to file ITR forms for financial year 2024-25 and assessment year 2025-26. However, self ...

Filing a wrong ITR doesn't just stall refunds, it can trigger penalties and scrutiny if not fixed,' warns a tax expert ...