Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct ...

The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...

The Income Tax Department (I-T) on its official website has enabled the ITR-5 and ITR-7 forms for online filing. Both forms are available with prefilled data, the I-T Department has informed on its ...

The I-T Department issues different forms for different types of taxpayers. This is based on their income sources, level of income, residential status, and legal status of the taxpayer, among others.

The government has made the new tax regime the default option now. The new tax regime has lower tax rates but also has fewer exemptions and deductions. Taxpayers can choose the old regime only if they ...

Tax experts and chartered accountants (CAs) across the country have been working round-the-clock to meet the 30 September due date for filing tax audit reports. There are as many as 30 writ petitions ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

Due to e-filing portal’s continuous technical glitches, non-tax audit return filers were not able to file their returns ...