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
TDS on Rent TDS on Rent If you’re a tenant paying house rent above ₹50,000 per month, you are required to deduct Tax Deducted at Source (TDS) before paying rent to your landlord under Section 194IB of the Income Tax Act. TDS on Rent Effective October 1, 2024, the TDS rate was reduced from 5% … Read more
Want to Avoid TDS on Fixed Deposit Interest? Want to Avoid TDS on Fixed Deposit Interest? Senior citizens often rely on fixed deposits (FDs) as a primary source of income. However, when interest income from FDs exceeds ₹1 lakh in a year, banks are required to deduct Tax Deducted at Source (TDS). This can be … Read more
CBDT Notifies ITR Form 2 For AY 2025–26 ITR Form 2 For AY 2025–26 You Must Know ITR Form 2 For AY 2025–26 You Must Know The Central Board of Direct Taxes (CBDT) has officially notified Income Tax Return (ITR) Form 2 for the Assessment Year (AY) 2025–26 through Notification No. 43/2025 dated 03.05.2025. ITR … Read more
PAN Card 2.0 Apply Online PAN Card 2.0 Apply Online The Income Tax Department of India has rolled out PAN 2.0, a more secure and digitally enhanced version of the traditional PAN card. PAN 2.0 is designed to make financial identity verification faster, safer, and more accessible by introducing features like QR code-based authentication and … Read more
