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Filing income tax returns (ITR) is set to become simpler, smarter, and more user-friendly as the Income Tax Department prepares for the rollout of the new Income Tax Act, 2025, which will take effect from April 1, 2026.
Taxpayers who have received notice under Section 158BC can now submit Form ITR-B via the e-Proceeding tab on the Income Tax portal
The Central Board of Direct Taxes (CBDT) has notified all Income Tax Return (ITR) forms for assessment year (AY) 2025–26, corresponding to the financial year 2024–25.
The Income Tax Department has notified new ITR forms for FY 2024-25, detailing eligibility and exclusions for each form. Forms cater to different taxpayer categories, with updates including a new section for tax-exempt long-term capital gains.
The Central Board of Direct Taxes (CBDT) notified the Income Tax Return form-2, or ITR-2, for FY2024-2025 on May 5, 2025. ITR 2 is relevant for the majority of taxpayers, especially salaried employees and pensioners. The form will be effective retrospectively from April 1, 2025, i.e., since the beginning of the current financial year.
Central Board of Direct Taxes (CBDT) issued notification no. 43/2025 dated 03.05.2025 to further amend the Income-tax Rules, 1962, to prescribe ITR-2
Central Board of Direct Taxes (CBDT) issued notification no. 42/2025 dated 01.05.2025 to further amend the Income-tax Rules, 1962 to prescribe ITR 5
Central Board of Direct Taxes (CBDT) issued notification no. 41/2025 dated 30.04.2025 to prescribe ITR-3
Form 10AB condonation request for Section 12A is now available for filing on the e-filing portal pursuant to the Finance Act (No. 2), 2024. Refer to proviso to clause (ac) of Section 12A(1) of the Income Tax Act.
Non-Resident Individual is an individual who is not a resident of India for tax purposes. In order to determine whether an Individual is a Non-Resident or not, his residential status is required to be determined u/s 6 of the Income Tax Act, 1961 as given below: