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

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

Table of Contents 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 It What is a condonation request? When is a condonation request accepted? How to file a condonation request?...

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

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

Table of Contents What is Pension Income? Understanding the Basics Is Pension Income Taxable? Clarifying Taxable Pension Rules Who Can Use ITR 1 to Report Pension Income? Where to Show Pension Income in ITR 1? Step-by-Step Instructions How to Report Family Pension If...

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

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

Table of Contents What is ITR 6? ITR 6 Meaning: Who Should File? Key Features of ITR 6 Structure of ITR 6 Form ITR 6 Filing Process (Step-by-Step Guide) Common Challenges in Filing ITR 6 Pro Tips to File ITR 6 Smoothly ITR 6 Filing Due Dates for AY 2025–26 Conclusion...

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

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

Table of Contents Who Should File ITR-2? Documents Required Before You Begin Step-by-Step Guide: How to Fill ITR 2 Capital Gains Step 1: Log in to the Income Tax e-Filing Portal Step 2: Choose Your Filing Details Step 3: Navigate to the Income Schedule Step 4: Fill in...

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How to Report Short Term Capital Gain in ITR 2

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

Table of Contents Understanding ITR 2 Form Who Should Use ITR 2 for STCG Filing? Where and How to Report Short Term Capital Gain in ITR 2 Steps to Report Short Term Capital Gain in ITR 2: STCG Tax Rates Applicable in FY 2024-25 Deductions and Exemptions: What You Can...

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Documents Required for Filing ITR for Business in India 2025

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

Table of Contents Who Needs to File Business ITR? Master Checklist: Documents Required for Filing ITR for Business 1. General Mandatory Documents 2. Financial Statements 3. Business-Specific Documents 4. Tax Payment Proofs 5. Optional But Useful Documents Common...

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

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

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

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

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

Table of Contents 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 Remember AY vs FY: What’s the Difference and Why It Matters? Consequences of Missing the ITR Start or End...

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How Many Years of ITR Required for a Visa 2025?

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

Table of Contents Why Is ITR Important for Visa Applications? How Many Years of ITR Are Required for a Visa? Exceptions and Alternate Income Proof Options Other Key Documents Often Required Alongside ITR Tips to Strengthen Your Visa File with ITR What Happens If You...

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

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

Table of Contents 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 3 Changes in ITR 3 for AY 2025-26 Common Mistakes to Avoid While Filing ITR 3 Why Choose Finodha for Filing ITR 3? Conclusion...

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How to Check ITR Status Online in 2025

by | Jun 5, 2025

Table of Contents What is ITR Status and Why Should You Check It? Prerequisites for Checking ITR Status Step-by-Step Guide: How to Check ITR Status Online (Without Login) Step-by-Step Guide: Check ITR Status After Logging In Understanding Common ITR Status Terms...

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Understanding Income Tax Department Notifications: What You Need to Know

by | 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,

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Compliance Portal: Tax liability from Investment in Securities

by | 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

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Compliance Portal: Tax liability on Expenditure

by | 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.

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Compliance Portal: Information Confirmation for Non-Filing of Return

by | 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.

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Compliance Portal: Income Tax Information Summary

by | 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.

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Compliance Portal: Non-Filing of Returns

by | 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).

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Compliance Portal: Information Detail

by | 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.

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Compliance Portal: Tax Liability on Cash Deposits

by | 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,

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Compliance portal: Tax liability from Sale of Immovable property

by | 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,

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Compliance Portal: Tax Liability for House Property

by | 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.

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Section 143(1)(a): Notice for Proposed Adjustments

by | 4 June 2024 | Income Tax | 0 Comments

The Income Tax Department verifies the details provided in the return filed by the taxpayer. If there are any discrepancies, the department issues a notice or intimation to the taxpayer, instructing them to make corrections.

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Compliance Portal: Responding to Filing of Income Tax Returns

by | 25 April 2024 | Income Tax | 0 Comments

The Income Tax Department (ITD) employs a notice system via the compliance portal to address non-filing of Income Tax Returns (ITRs) by identified individuals.

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Income Tax for NRI and Foreign Income

by | 15 May 2024 | Income Tax, Income Tax for NRI | 0 Comments

Determining the tax liability of an NRI hinges upon their residential status for the year. It’s crucial to ascertain the residential status of an individual before delving into their tax obligations.

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ITR 2A form for Multiple House Property Income [Discontinued]

by | 30 May 2024 | Income Tax | 0 Comments

ITR-2A made its debut in the fiscal year 2014-15 (Assessment Year 2015-16), tailored specifically for individuals and Hindu Undivided Families (HUFs) with salary income and ownership of more than one house property.

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DSC Utility: Generate Signature File to Register DSC on Income Tax E-Filing Portal

by | 11 May 2024 | Income Tax, Income Tax filing | 0 Comments

To leverage DSC services on the Income Tax E-filing Portal, taxpayers need to generate a signature file using the DSC Management Utility.

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What is Pre-construction Interest?

by | 2 May 2024 | Income Tax | 0 Comments

The pre-construction interest is allowed to be claimed in five equal installments starting from the year in which the construction is completed.

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UTIITSL: Change/Correction in PAN

by | 31 May 2024 | Income Tax | 0 Comments

The Permanent Account Number (PAN) is a crucial identity proof in India, so it is important that all the information on your PAN card is correct. Sometimes, however, the details on the PAN card may be incorrect or outdated. I

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CAMS: Services, Features & Consolidated Capital Gains Statement

by | 7 May 2024 | Income Tax, Income from Trading | 0 Comments

Computer Age Management Services (CAMS) operates as a SEBI-regulated entity within the Registrar and Transfer (R&T) category. This platform offers technology-driven services and processing solutions to mutual fund companies and investors alike.

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Tax Saving FD (Fixed Deposit) – Features and Eligibility

by | 19 June 2024 | Income Tax | 0 Comments

Fixed Deposits (FDs) are widely regarded as one of the safest investment options, appealing particularly to older generations who prioritize stability over higher-risk investments like shares and securities.

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ULIP (Unit Linked Insurance Plan): Meaning, Types, and Tax Benefits

by | 19 June 2024 | Income Tax | 0 Comments

Individual investors are constantly seeking investment avenues that offer both protection against uncertainties and opportunities for high returns.

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