Made mistakes in your income tax returns? Do not worry, the I-T Act allows taxpayers to file corrections by the calendar year-end. Here's a step-wise guide on when you need to file a revised ITR and ...

What to do if you discover a mistake on a previously filed tax return (and other reasons for filing an amended tax return).

Made mistakes in your income tax returns? Do not worry, the I-T Act allows taxpayers to file corrections by the calendar year-end. Here's a step-wise guide on when you need to file a revised ITR ...

Realizing you made a mistake on your tax return? Don’t panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return ...

If you end up filing the wrong ITR form, it is advisable that you don’t panic, because the Income Tax Department lets you ...

Salaried taxpayers need to use ITR-1 if their income is only from salary and one house property. But if they have more ...

The Income tax (IT) department has made the Income Tax Return-5 Excel Utility for assessment year (AY) 2024-25 available, ...

Filing ITR for the first time might appear daunting, but knowing the basics and preparing in advance can prevent you from making costly errors and last-minute stress. Here's what you should consider ...

If a return is filed late, taxpayers become liable for interest at 1 per cent per month or part of a month on any unpaid tax under Section 234A of the Income Tax Act.

Once you’ve determined you need to file an amended return, here’s how to do it: Amend your IRS return first, if the change would impact your federal return. File a new Individual Income Tax ...