What Is ITR-U? A Complete Guide to Updated Income Tax Return in India

Income Tax Return in India

Why the Concept of Updated Return Was Needed Over the years, lakhs of taxpayers in India have faced a common problem, missing the deadline for filing their income tax return or discovering mistakes in the filed ITR after the timelines were over. Before Financial Year 2021–22, the Income Tax Act allowed a person to file:… Continue reading What Is ITR-U? A Complete Guide to Updated Income Tax Return in India

ITR-4 FY 2024-25: Eligibility, Benefits & Filing Steps

ITR 4 Form Filing Delhi

ITR-4, also known as Sugam, is the Income Tax Return form meant for resident individuals, HUFs (Hindu Undivided Families), and Firms (other than LLPs) who are opting for the Presumptive Taxation Scheme under Section 44AD, 44ADA or 44AE of the Income Tax Act. Who Can File ITR-4 for FY 2024-25? ITR-4 form filing can be… Continue reading ITR-4 FY 2024-25: Eligibility, Benefits & Filing Steps

Comprehensive Guide to Filing ITR-1 for FY 2024-25 (Assessment Year 2025-26)

Guide to Filing ITR-1 for FY 2024-25 (Assessment Year 2025-26)

Filing your Income Tax Return (ITR) is a crucial responsibility for every taxpayer in India. For the Financial Year 2024-25 (Assessment Year 2025-26), the Income Tax Department has introduced several updates to the ITR-1 form, aiming to simplify the filing process and enhance compliance. This guide provides an in-depth look at the ITR-1 form, the… Continue reading Comprehensive Guide to Filing ITR-1 for FY 2024-25 (Assessment Year 2025-26)

Taxcellent - For All Chartered Accountants Services

We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.

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