At the time of filing of income tax return (ITR), it is important to choose the right tax regime. And the ‘right’ is the one which leads to lower tax …
income tax filing
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Finance
ITR Filing: Paying income tax for the first time? Step-by-step process to register on e-filing portal
by AutoTrendlyby AutoTrendlyITR Filing for AY2024-25: Income Tax Filing is mandatory for every individual with an income over the basic exemption limit. The Income Tax Department has extended due date for filing …
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Finance
Income Tax Filing FY 2024-25: Which ITR form should you choose based on your income?
by AutoTrendlyby AutoTrendlyThe nation’s Income Tax Department has extended the ITR-filing deadline for the current assessment year to 15th September, 2025. This extension provides taxpayers additional breathing room beyond the original 31st …
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Finance
Income Tax: What happens if you don’t file ITR for multiple years? Legal and financial consequences explained
by AutoTrendlyby AutoTrendlyFailing to submit your Income Tax Returns (ITR) for several years can have serious consequences for individuals. Repeated delays, omissions attract mounting penalties, legal complications, and other associated challenges. Such …
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Finance
Income Tax: If you are filing your ITR for the first time, make sure you do the following
by AutoTrendlyby AutoTrendlyAs a taxpayer, you are expected to be busy arranging relevant documents to file the income tax return (ITR) for FY 2024-25, the deadline for which will expire on September …
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Finance
Income Tax Filing FY 2024-25: ITR-2 and ITR-3 excel forms now live
by AutoTrendlyby AutoTrendlyThe Income Tax Department has released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26. Thus enabling taxpayers with capital gains, crypto earnings, foreign assets along with business …
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Finance
I asked ChatGPT “how to save income tax” for FY 2024–25 — I was shocked by the ₹45,000 I saved
by AutoTrendlyby AutoTrendlyEvery March, the same story repeats.I open YouTube and search:“How to save tax?” Soon, I’m watching five different videos giving five different strategies. One suggests ELSS, another pushes insurance, and …
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Finance
How to file ITR online without a CA? A step-by-step guide for FY 2024-25
by AutoTrendlyby AutoTrendlyFiling your Income Tax Return (ITR) digitally i.e., online is easier than ever. This has been made possible due to the artificial intelligence driven user friendly portals and step by …
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Finance
Income Tax: Can I claim relief under Section 89(1) without a break-up of salary arrears?
by AutoTrendlyby AutoTrendlyQ. My company has been going through some financial problems and have been paying me a salary irregularly (less than net every month) since the financial year 2022-2023. Now I …
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Finance
Here’s all you need to know about Form 16 before filing your income tax return
by AutoTrendlyby AutoTrendlySalaried employees across India are awaiting a key document — Form 16 — from their employer to file their income tax return (ITR). In this article we lay out why …