CBDT notifies ITR forms for Assessment Year 2024-25

The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25. Illustration: Dominic Xavier/Rediff.com The ITR-1, which......

I-T dept enables online filing of ITRs 1, 4

The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal. Illustration: Uttam......

Budget 2023: What bankers want from Sitharaman

Ahead of the Union Budget, the banking sector, through the Indian Banks’ Association (IBA), has made recommendations to the Union finance ministry on direct tax, including removing Section......

Single ITR form with focus on cryptos likely

The Central Board of Direct Taxes (CBDT) has proposed a new common income-tax return (ITR), with greater focus on disclosing income from virtual digital assets or crypto assets and foreign equity......