Taxpayers in the country are now gearing up for filing their income tax returns for the Financial Year 2024-25 i.e., assessment year 2025-26. Keeping the same thing in mind, prudent …
Income tax returns
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Finance
TDS refund rules to be made simpler under Income Tax Bill 2025? Here’s what we know
by AutoTrendlyby AutoTrendlyTaxpayers often have to file income tax returns just so to claim a refund for having tax deducted at source for various reasons even when their income does not fall …
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Finance
Filing Income Tax Return? Fake exemptions and deductions could get you into trouble, warns I-T dept amid crackdown
by AutoTrendlyby AutoTrendlyIndividuals filing their Income Tax Returns (ITR) should now be more aware and careful after the Income Tax Department on Monday, 14 July 2025, conducted a “large-scale” verification operation cracking …
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Finance
ITR filing FY 2024-25: Don’t fall for THESE income tax misconceptions — most people do
by AutoTrendlyby AutoTrendlyAs the deadline to file Income Tax Returns (ITR) for the financial year (FY) 2024-25 draws closer, many taxpayers, especially salaried individuals, freelancers, and small business owners, continue to fall …
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Introduced in 2021, the AIS gives a snapshot of financial transactions—ranging from securities and mutual funds to property deals and fixed deposits—during a fiscal year, sourced from multiple reporting entities …
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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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India NewsPolitics
Charitable and religious trusts, research institutions to face increased I-T scrutiny
by AutoTrendlyby AutoTrendlyNEW DELHI : Income tax return (ITR) forms of charitable trusts and research institutions that have wrongfully claimed tax exemptions, as well as entities and individuals that have had repeated …
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Finance
ITR requirements for personal loans: 1, 2 or 3 years? Know what banks want
by AutoTrendlyby AutoTrendlyIndian borrowers applying for a personal loan must typically submit proof of income. Salaried applicants usually provide recent salary slips and Form 16 (annual salary certificate), whereas self-employed borrowers show …
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Finance
Attention taxpayers! Excel Utility for ITR-1 and ITR-4 enabled — check details here
by AutoTrendlyby AutoTrendlyThe Income-Tax (I-T) Department has on May 30 made available for taxpayers the facility of Excel Utility for ITR-1 and ITR-4 for AY2025-26. In a post on social media platform …
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I have bought a residential property with my wife by taking a joint home loan. I am the only one repaying the loan. We have let out this house. The …