Notification no. 41/2025 dated 30.04.2025- Income tax
Central Board of Direct Taxes (CBDT) issued notification no. 41/2025 dated 30.04.2025 to prescribe ITR-3
Tag: ITR forms
Form 10AB condonation request for Section 12A is now available for filing
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.
Returns and Forms Applicable for Salaried Non-Resident Individuals for AY 2025-26
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:
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there’s a catch
Finally good news is there for those taxpayers who are eligible to claim section 87A tax rebate but were prevented from claiming it post July 5, 2024. The Income Tax Department has now updated the excel utilities for ITR Forms 2 and 3 to exercise the option to update tax rebate under section 87A for FY 2023-24 (AY 2024-25). The department also said the HTML utilities will be made available shortly. This information was mentioned by the Income Tax Department in the late hours of yesterday.
Income tax filing: 3 updated utilities available for filing this ITR form for AY 2024-25; find out which one works best for you
The Income Tax Department has released offline, online, and Excel utilities for ITR-3 for FY 2023-24 (AY 2024-25). Individuals who need to file ITR-3 for FY 2023-24 (AY 2024-25) can now use either the offline (Java), online or Excel-based utility to file their income tax return (ITR).
Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
CBDT has facilitated taxpayers to file their Income Tax Returns (ITRs) for the AY 2024-25 from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available on the e-filing portal from 1st April, 2024 onwards for taxpayers to file their Returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onwards.