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Business News/Topic/ Income Tax Return

INCOME TAX RETURN

Get the latest Income tax return news, videos and headlines. Explore more for Income tax return breaking news, opinions, special reports and more on mint.

New ITR forms reflect Budget tweaks, tighten reporting norms on gains, tax breaks, and TDS claims. (Image: Pixabay)

ITR filing for FY 2024-25: What has changed and what you need to know

4 min read . 06 May 2025

ITR-1 can be filed by a resident Individual whose total income does not exceed ₹ 50 lakh during the year.

Income Tax: CBDT notifies ITR-1 Sahaj, ITR-4 Sugam for financial year 2024-25

1 min read . 30 Apr 2025

A number of income tax deadlines are set to expire on April 30.

From Vivad Se Vishwas to Form 15G, these income tax deadlines expire today

1 min read . 30 Apr 2025

One can apply for TDS refund for 3 percent excess tax in Form 26B which is available on Traces Portal.

Higher TDS on rent: This is how you can reclaim it. A step-by-step guide

1 min read . 28 Apr 2025

New Tax Regime offers concessional rate rates than what are charged in the old tax regime.

New Tax Regime: Why opting for it is more beneficial for salaried taxpayers?

2 min read . 27 Apr 2025

The old tax regime offers deduction for investments made under different provisions but charges a slightly higher tax rate

Income tax: 4 key reasons to choose the old tax regime over the new tax regime

1 min read . 24 Apr 2025

The tax authority will be stepping up its interaction with taxpayers through emails and text messages.

More digital nudges weighed as taxman pushes compliance

2 min read . 21 Apr 2025

Taxpayers are not entitled to claim income tax deductions given under various provisions such as those given under section 80C, 80D and 80DD, among others

Old tax regime vs New tax regime: Which one to pick as the new FY kicks in

2 min read . 17 Apr 2025

Taxpayers must opt for the old tax regime if they have invested a large sum in tax free instruments such as PPF, SSY and NSC, among others.

Confused between old & new tax regimes? Here are key factors to help you decide

2 min read . 15 Apr 2025

Strange and overreaching assessment queries in the 2025 tax notices indicate that assessing authorities could possibly be using generative AI/ChatGPT.

Faceless tax assessments are a game changer. But there is scope for improvement.

3 min read . 14 Apr 2025

Income Tax Filers Surpass 9.19 Crore in FY 2024-25, Refunds Reach ₹4.35 Lakh Crore

Income Tax: More than 9.19 crore ITRs filed till March 31, shows latest data

1 min read . 11 Apr 2025

An income tax calculator can help you compute your income tax under both the old and new regime.

Income tax calculator: How does it help you compute your payable tax?

1 min read . 09 Apr 2025

There are a total of 12.91 crore individual taxpayers are registered on the income tax portal

Over 3.24 lakh individuals filed ITR for ₹1 crore income till March 31

1 min read . 05 Apr 2025

With income tax collections scaling new highs, the latest data reaffirms the resilience of our tax base.

India’s mop-up of direct taxes signals its economic strength

3 min read . 03 Apr 2025

This is because funds credited to the NRO account may not always have suffered TDS (tax deducted at source). (Image: Pixabay)

Can I transfer a gifted amount from the NRO account to a foreign bank account?

3 min read . 31 Mar 2025

To be able to claim income tax deduction for FY 2024-25, taxpayers must invest in tax saving instruments before March 31

Income Tax Deadline! Last 2 days to invest in tax saving instruments

2 min read . 30 Mar 2025

The Income Tax Department notices to salaried taxpayers who claimed HRA but failed to deduct tax at source should serve as a wake-up call. (Image: Pixabay)

Claimed HRA but skipped TDS on rent? The taxman wants answers

4 min read . 27 Mar 2025

The biggest advantage of forming an HUF is its ability to minimize tax liability. (Image: Pixabay)

Maximise your tax savings with an HUF: A smart yet underused strategy

3 min read . 25 Mar 2025

If the TDS deducted by the employer doesn’t cover the tax liability on extra income, the employee must pay advance tax—or risk incurring interest. (Image: Pixabay)

Income tax hack: Do this by 31 March to avoid interest on advance tax shortfall

3 min read . 18 Mar 2025

Taxpayers can invest in a tax saving scheme before March 31 to claim deduction in the same year.

Deadline Alert! Last 2 weeks left to invest in tax-saving instruments

1 min read . 16 Mar 2025