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Business News/Topic/ Income Tax Returns

INCOME TAX RETURNS

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

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

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

Missed foreign income and F&O losses should be reported promptly to avoid scrutiny and hefty fines. (Image: Pixabay)

After the Budget, updating ITR may cost you more than a reassessment

6 min read . 24 Feb 2025

From AY20 to AY25, the number of ITR filers increased by 29.6%, according to data from the finance ministry.

Four in five people who'll file returns for FY26 likely to pay no tax, data says

2 min read . 11 Feb 2025

The highlight of the Budget was that the aspirations of the middle-class, finally got an earnest ear. (Image: Pixabay)

All income groups got a little something from the Budget

4 min read . 04 Feb 2025

Income tax cut may not translate into higher auto sales, says Nomura (Pixabay)

Income tax cut unlikely to translate into higher auto sales, says Nomura

3 min read . 04 Feb 2025

Filing ITR: To verify the return, you need to log in to incometax.gov.in. You can now click on e-file, followed by income tax returns and finally ‘e-verify returns’.

Income Tax: How to e-verify your return? 5 Key points to know

1 min read . 28 Dec 2024

Inform your lessee about your NRI status and ensure that the correct TDS rate is applied.

I didn't disclose my NRI status to my tenant. What should I do?

2 min read . 14 Oct 2024

ITR Filing 2024 LIVE Updates: July 31 is the deadline for filing income tax returns for FY24 (AY25). (Mint)

ITR Filing 2024 Highlights: Penalties, consequences for missing deadline

8 min read . 01 Aug 2024

Filing your taxes at the last-minute could lead you to miss out on disclosing some transactions or failing to gather all the required documents on time.

ITR filing: Last minute mistakes to avoid when filing your income tax returns

6 min read . 29 Jul 2024

The new tax regime offers no respite.

Budget 2024: Know the real tax on your income

1 min read . 22 Jul 2024

ITR filing 2024: If you're considering switching tax regimes, filing your ITR for the financial year 2023-24 involves essential decisions. (Mint)

ITR filing 2024: 6 key things to consider while filing your income tax returns

2 min read . 21 Jul 2024

Income Tax: Taxpayers have reported faced a lot of issuing on account of glitches faced by the e-filing portal.

Income Tax Returns: Taxpayers find it too ‘taxing’ to file ITR online on e-filing portal

2 min read . 10 Jul 2024

To enhance security and accountability, it’s suggested that authorizing CAs for tax filing on the e-filing portal should be mandatory, as it is for tax audits. (Image: Pixabay)

Are you sharing too much? The risks of giving your ITR credentials to CAs

4 min read . 08 Jul 2024

In Budget 2023, the government focused more on the new income tax regime, making it more attractive for taxpayers.

ITR filing: What is your default tax regime — old or new?

2 min read . 04 Jul 2024

ITR filing: Choosing the correct income tax return form for filing your returns is crucial. (Mint)

Income tax return: How filing wrong ITR form can cost you heavy penalty

2 min read . 03 Jul 2024

You can show capital gains, whether short-term or long-term, under the heading capital gains while simultaneously showing profits and losses under F&O as business income.

Income tax implications of trading in shares and F&O explained

1 min read . 26 Jun 2024

Filing ITR early will give you time to collect all the information and do it correctly.

Donations, online gaming, bank accounts: ITR forms seek more disclosures

4 min read . 20 Jun 2024

There are many alternatives to Form 16 that you may use while filing your income tax returns.

What alternatives to Form 16 can you use while filing your income tax return?

4 min read . 12 Jun 2024

To prevent tax filing errors, consult with a knowledgeable CA.

8 common mistakes to avoid while filing income tax return

4 min read . 14 May 2024