CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 Introduction CBDT Notifies New ITR-V and ITR Acknowledgement Forms for AY 2025-26 The Central Board of Direct Taxes (CBDT) has recently released Notification No. 45/2025 on 7th May 2025, introducing key updates to the Income Tax Return Verification (ITR-V) form and the ITR-Acknowledgement form … Read more
Paying Rent Above ₹50,000? Paying Rent Above ₹50,000? Paying monthly house rent of more than ₹50,000? Then you need to know about Section 194-IB of the Income Tax Act, 1961. Introduced by the Government of India to ensure high-value rental transactions are brought under the tax net, this provision makes it mandatory for tenants to … Read more
CBDT Notifies ITR-6 for AY 2025-26 📅 Notification No. 44/2025 | Dated: 06 May 2025 CBDT Notifies ITR-6 for AY 2025-26 The Central Board of Direct Taxes (CBDT) has officially notified the revised Income Tax Return Form 6 (ITR-6) for the Assessment Year (AY) 2025-26 through Notification No. 44/2025 dated 06.05.2025, introducing several important updates … Read more
Are Personal Loans Taxable in India? Understanding Income Tax Rules and Deduction Benefits Are Personal Loans Taxable in India? Understanding Income Tax Rules and Deduction Benefits Personal loans are a popular financial tool in India, offering quick access to funds for various purposes such as education, healthcare, home renovation, or business expansion. However, a common … Read more
Income Tax Return Filing 2025 Income Tax Return Filing 2025 As the new financial year unfolds, taxpayers across India are gearing up for the Income Tax Return (ITR) filing season for Assessment Year 2025–26, corresponding to Financial Year 2024–25. Income Tax Return Filing 2025 The Income Tax Department has officially notified ITR-1 and ITR-4 forms, … Read more
