Let's examine the key distinctions between ITR-1 and ITR-2 forms. You can use ITR-1 if you ... Is holding assets outside India f)Total income exceeds Rs 50 lakh g) Is a Hindu Undivided Family ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...

The simplified ITR-1 form is currently available for residents. Extending it to NRIs with limited income sources would make ...

For starters, the first 4 ITR forms (ITR-1,2,3,4) are necessary for an individual to know about, while filing taxes. Lets decode all these forms in detail with Tanya, a 22 year old IT professional ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully ...

Failure to file ITR may trigger reports based on undeclared ... it may result in a direct deduction from your salary. Employers across India have set this deadline for submitting evidence to ...