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Income Tax Department releases five ITR forms for taxpayers

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Draft Income Tax Rules 2026: How ITR forms are evolving - top changes explained

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...
moneycontrol.com

Can someone who has lived abroad for more than 182 days in a fiscal file ITR-1?

Did our AI summary help? Wondering if you can continue using Income Tax Return(ITR) Form 1 after living outside India for more than 182 days in a financial year? Today’s Ask Wallet Wise explains how ...
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ITR filing FY 2024-25: How can taxpayers switch between old and new income tax regimes? Explained

ITR filing FY 2024-25: When e-filing your Income Tax Regime (ITR) for AY 2025-26, the choice of the income tax regime is an important one. The new income tax regime is the default tax regime, so if ...

New ITR-1, 2 forms for FY26 expected soon; here's what taxpayers can expect

Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...