filing

ITR filing FY 2024-25: ITR-2 and ITR-3 excel utilities released by Income Tax Department – here’s what taxpayers should know

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ITR filing: For the financial year 2024-25 (Assessment Year 2025-26), taxpayers must file their returns by September 15, 2025. (AI image) ITR filing FY 2024-25: The Income Tax Department has now made available the excel utilities for ITR-2 and ITR-3 forms, enabling individuals with taxable capital gains, crypto income and other specified incomes to file … Read more

ITR filing: Claiming HRA to reduce tax outgo? Rent receipts alone may not suffice – why your claim can be rejected

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House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive … Read more