Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules – Times of India

Capital gains from sale of mutual funds (MFs) are taxable In India, under both the old and new income tax regimes. (AI image) Income Tax Return Filing AY 2025-26: One…

Continue ReadingIncome Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules – Times of India

ITR deadline extended: Taxpayers may earn more interest, but government could face higher refund burden – Times of India

NEW DELHI: With the Income Tax Return (ITR) filing deadline for Assessment Year 2025–26 extended from July 31 to September 15, 2025, a key question has surfaced: will this extension…

Continue ReadingITR deadline extended: Taxpayers may earn more interest, but government could face higher refund burden – Times of India

New Income Tax Return e-filing portal in the works? What taxpayers can expect – Times of India

The Income Tax Department is set to launch Project IEC 3.0, which promises to bring about significant improvements in the processing of ITRs. (AI image) New ITR e-filing portal soon?…

Continue ReadingNew Income Tax Return e-filing portal in the works? What taxpayers can expect – Times of India

Filed your ITR FY 2023-24 in the last days of July? Your ITR will become invalid by this date if not verified – Times of India

Over 7.28 crore income tax returns (ITR) were filed by July 31, 2024 and approximately 5 crore of these ITRs were filed by July 26, 2024, indicating that 2.28 crore…

Continue ReadingFiled your ITR FY 2023-24 in the last days of July? Your ITR will become invalid by this date if not verified – Times of India