Income Tax

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Why Is Delay in ITR Refund Practical Solutions 2025

Why Is There a Delay in ITR Refund? Reasons & Practical Solutions 2025

by Shakshi Bharti | Jun 5, 2025

Understanding the Income Tax Refund ProcessTop Reasons for Delay in ITR Refund1. Incorrect or Unvalidated Bank Account Details2. ITR Form Mismatch or Selection Error3. Mismatch Between Form 26AS/AIS and Filed Return4. Return Marked for Scrutiny or Manual Review5....

Can We File ITR for Previous Years? A Complete Guide to Old Return Filing & Condonation Requests

by Shakshi Bharti | 5 June 2025 | Income Tax Knowledge, Income Tax | 0 Comments

What is the Time Limit for Filing ITR in India?Can You File ITR for Previous Years?Understanding Condonation Request: When and How to Use ItWhat is a condonation request?When is a condonation request accepted?How to file a condonation request?Who Can Benefit from...

Income in ITR 1: Where to Show Pension Income in ITR 1

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What is Pension Income? Understanding the BasicsIs Pension Income Taxable? Clarifying Taxable Pension RulesWho Can Use ITR 1 to Report Pension Income?Where to Show Pension Income in ITR 1? Step-by-Step InstructionsHow to Report Family Pension If You Receive It?Common...

What is ITR 6? Meaning, Filing Guide & Form Explained

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What is ITR 6?ITR 6 Meaning: Who Should File?Key Features of ITR 6Structure of ITR 6 FormITR 6 Filing Process (Step-by-Step Guide)Common Challenges in Filing ITR 6Pro Tips to File ITR 6 SmoothlyITR 6 Filing Due Dates for AY 2025–26ConclusionFile with Finodha...

How to Fill ITR 2 Capital Gains in FY 2024-25

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Who Should File ITR-2?Documents Required Before You BeginStep-by-Step Guide: How to Fill ITR 2 Capital GainsStep 1: Log in to the Income Tax e-Filing PortalStep 2: Choose Your Filing DetailsStep 3: Navigate to the Income ScheduleStep 4: Fill in ITR 2 Schedule CG...

How to Report Short Term Capital Gain in ITR 2

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Understanding ITR 2 FormWho Should Use ITR 2 for STCG Filing?Where and How to Report Short Term Capital Gain in ITR 2Steps to Report Short Term Capital Gain in ITR 2:STCG Tax Rates Applicable in FY 2024-25Deductions and Exemptions: What You Can and Cannot...

Documents Required for Filing ITR for Business in India 2025

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Who Needs to File Business ITR?Master Checklist: Documents Required for Filing ITR for Business1. General Mandatory Documents2. Financial Statements3. Business-Specific Documents4. Tax Payment Proofs5. Optional But Useful DocumentsCommon Mistakes to Avoid During...

ITR 4 vs ITR 3: Which Income Tax Return Form Is Right for You in FY 2024-25?

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Understanding the Basics of ITR FormsITR 4 (Sugam) – Presumptive Taxation Scheme ExplainedWho Can File ITR 4?Key Features of ITR 4Pros and Cons of Filing ITR 4ITR 3 – For Income from Business or Profession (Detailed)Who Should File ITR 3?Features of ITR 3Pros and Cons...

When Does ITR Filing Starts? Complete Guide FY 2024-25

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What Is the Income Tax Return (ITR) Filing Period?When Does ITR Filing Start for FY 2024-25 (AY 2025-26)?Important ITR Filing Deadlines to RememberAY vs FY: What’s the Difference and Why It Matters?Consequences of Missing the ITR Start or End DatesWho Benefits from...

How Many Years of ITR Required for a Visa 2025?

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Why Is ITR Important for Visa Applications?How Many Years of ITR Are Required for a Visa?Exceptions and Alternate Income Proof OptionsOther Key Documents Often Required Alongside ITRTips to Strengthen Your Visa File with ITRWhat Happens If You Don’t Submit ITR?Filing...

How to Fill ITR 3 Form for AY 2025-26: Complete Filing Guide

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

What is ITR 3?Who is Eligible to File ITR-3?What is the Due Date for Filing ITR 3?Step-by-Step Guide on How to Fill ITR 3Changes in ITR 3 for AY 2025-26Common Mistakes to Avoid While Filing ITR 3Why Choose Finodha for Filing ITR 3?ConclusionFrequently Asked Questions...

After ITR Processed How Many Days to Refund? Complete Guide to Tax Refund Timeline in 2025

by Shakshi Bharti | Jun 5, 2025

If you have filed your Income Tax Return (ITR) and are now eagerly wondering after ITR processed how many days to refund you will receive your money back, you are not alone. Many taxpayers across India frequently ask this question as they await their tax refunds....

Late ITR Filing Charges: Everything You Need to Know About Section 234F Penalty and How to Avoid It

by Shakshi Bharti | Jun 5, 2025

Income Tax Return filing Online (ITR) on time is crucial to avoid unnecessary financial burdens. If you miss the deadline, you will face late ITR filing charges that can range from ₹1,000 to ₹5,000, depending on your income and the date you file. These penalties are...

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Understanding Income Tax Department Notifications: What You Need to Know

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In today’s digital age, taxpayers must be vigilant about communications from the Income Tax Department (ITD). It’s not uncommon to receive notifications via SMS, phone calls,

Compliance Portal: Tax liability from Investment in Securities

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

ITR When a taxpayer engages in securities investments, they incur tax liabilities on the income generated from these transactions. The classification of this income as either Business Income

Compliance Portal: Tax liability on Expenditure

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the intricate world of income tax, expenditures serve as vital clues to an individual’s lifestyle and spending habits. From family celebrations to international travels and fine dining experiences, these expenses reflect how one utilizes their income.

Compliance Portal: Information Confirmation for Non-Filing of Return

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

Click on the “Back” option to return to the e-Campaign – Non-filing of return screen.

To complete the response, click on “Information Confirmation” to submit feedback against the provided information.

Compliance Portal: Income Tax Information Summary

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

When the Income Tax Department (ITD) identifies transactions during a financial year that don’t align with a taxpayer’s typical profile, they present these discrepancies for the taxpayer’s review.

Compliance Portal: Non-Filing of Returns

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the intricate realm of income tax compliance, taxpayers may encounter queries for non-filing of returns if they skip submitting their Income Tax Return (ITR) for a specific Assessment Year (AY).

Compliance Portal: Information Detail

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

When you access the Compliance Portal, you’ll find a section dedicated to Information Summaries. Here, you can delve into the details of transactions flagged by the ITD.

Compliance Portal: Tax Liability on Cash Deposits

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

Taxpayers dealing with significant cash deposits must adhere to the rules outlined in Section 114B. For transactions involving Rs. 50,000 or more,

Compliance portal: Tax liability from Sale of Immovable property

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the realm of income tax regulations, understanding the intricacies of capital gains tax is essential for taxpayers. When selling immovable property, capital gains tax,

Compliance Portal: Tax Liability for House Property

by Shakshi Bharti | 25 April 2024 | Income Tax | 0 Comments

Tax Liability for House Property: Navigating income tax verification and taxation related to house property can be complex, but essential for taxpayers to ensure compliance with regulations.

Due Date for ITR Filing: Complete Guide for FY 2024-25 You Must Know

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

The due date for ITR filing is the most important deadline for every taxpayer in India. Filing your Income Tax Return (ITR) on or before this date ensures you stay compliant with the law, avoid penalties, and can claim any refunds due to you promptly. Whether you are...

Top Income Tax Return Filing Software in India (2025): Features, Benefits & Expert Picks

by Shakshi Bharti | 5 June 2025 | Income Tax, Income Tax Knowledge | 0 Comments

Struggling with tax filing? The right income tax return filing software can help you file your ITR fast, error-free, and without the need for a chartered accountant. It’s the easiest and most efficient way to stay tax-compliant in 2025. With tax regulations growing...

Open a trading account online on 5Paisa

by Shakshi Bharti | 22 June 2024 | Income Tax | 0 Comments

You can open a trading account online on 5Paisa. Stock markets have evolved from the old open outcry system to an advanced electronic system.

Income Tax on Mutual Funds

by TeamFinodha | 1 May 2024 | Income Tax | 0 Comments

Mutual funds offer a simple and relatively low-risk investment strategy by pooling funds from multiple investors and managing them professionally. They provide diversification, accessibility, and cost-effectiveness, catering to a variety of investment objectives and being regulated for convenience.

Cost Inflation Index: CII Income Tax

by TeamFinodha | 29 April 2024 | Income Tax | 0 Comments

The key tool used in indexation is the Cost Inflation Index (CII), which helps estimate the increase in prices each year due to inflation.

LTC Cash Voucher Scheme

by Shakshi Bharti | 4 May 2024 | Income Tax | 0 Comments

The LTC Cash Voucher scheme, introduced to stimulate consumer demand and offer tax benefits amidst Covid-related travel constraints, provides employees with alternative expenditure choices to utilize their LTA or LTC benefits.

Income Tax e-Filing Portal: View TDS Form

by Shakshi Bharti | 17 May 2024 | Income Tax | 0 Comments

they possess the ability to verify the TDS forms filed on the Income Tax e-Filing portal. The TDS statement encompasses crucial details such as the Tax Deduction and Collection Account Number (TAN),

Compliance Portal: Non-Filing of Returns

by Shakshi Bharti | 24 April 2024 | Income Tax | 0 Comments

In the intricate realm of income tax compliance, taxpayers may encounter queries for non-filing of returns if they skip submitting their Income Tax Return (ITR) for a specific Assessment Year (AY).

Different Types of ITR Forms: A Complete Guide to Choosing the Right One (ITR 1 to ITR 7 Explained)

by Shakshi Bharti | 5 June 2025 | Income Tax Knowledge, Income Tax | 0 Comments

Filing income tax returns is a crucial responsibility for every taxpayer, but understanding the different types of ITR forms can be overwhelming. Selecting the wrong ITR form might result in rejected returns, delayed refunds, or even penalties. So, knowing which...

Is Stipend Taxable?

by Shakshi Bharti | 5 May 2024 | Income Tax | 0 Comments

Correct, the taxability of Stipend Taxable income under the Income Tax Act can vary based on its classification. Let’s break down these classifications: