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The number of people filing income tax returns (ITR) in India has grown by over 32 per cent in the past five financial years, the Parliament was informed on Tuesday.

ITR filers grow by 32% in 5 years: Government

Taxpayers can choose between electronic verification or physical verification. For the latter, one needs to download the ITR-V acknowledgement form, sign it&nbsp;and send a hard copy to the Income Tax Department’s Central Processing Centre in Bengaluru.

ITR Filing AY 2025-26: How to verify returns within 30 days to avoid invalidation

Before March 31, 2025, taxpayers must complete key tasks like filing updated returns, making tax-saving investments and declaring foreign income to avoid penalties and maximise available income tax benefits.

Income Tax Deadline 2025: Key tasks to complete before March 31 to avoid penalties & maximise benefits

Discover Sikkim, India’s only tax-free state, where residents enjoy complete income tax exemption under Article 371(F). Explore its financial benefits, historical significance and economic impact.

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Union Budget 2025: Do you know about the only tax-free state in India where residents earn crores without paying income tax?

The Central Board of Direct Taxes (CBDT) has launched a new campaign aimed at informing taxpayers about the importance of declaring foreign assets in their Income Tax Returns (ITR). The initiative focuses on ensuring compliance with tax laws and helps taxpayers understand their reporting obligations regarding foreign assets.

CBDT Launches Campaign to Inform Taxpayers on Undeclared Foreign Assets in ITR

ITR filing: In cases where discrepancies are found, the department can issue a notice requesting proof of deductions or details about the income source. Failure to provide satisfactory responses could result in additional tax liabilities, penalties, and interest charges for late tax payments. Continued non-compliance might even lead to legal action.

ITR Filing: Income tax department targets taxpayers claiming false deductions; sends notices to offenders

ITR filing season:&nbsp;The Income Tax Department's helpdesk is working 24x7 to assist the taxpayers. This helps in providing services ranging from filing of ITR to tax payment. The help desk provides assistance through calls, live chat, Webex sessions, and social media.

ITR filing season: How much fine you will have to pay if fails to file ITR by 31 July; know here

Taxpayers rejoice! The Income Tax Department has introduced a revolutionary new feature – the 'Discard' option. In this video, we’ll delve into the details of this game-changer, explaining its benefits, eligibility criteria, and the simple process of discarding your income tax return. So, whether you're a seasoned taxpayer or a first-timer, this video will equip you with the knowledge to make the most of this convenient option.

Demystifying the New "Discard" Option in Income Tax Returns: A Comprehensive Guide for Taxpayers

Any income that is exempted from income tax is called non-taxable income. These earnings are completely excluded from calculation of an individual’s total tax liability in a financial year.

Non-taxable income: 5 different types of non-taxable income that can help you to save income tax

The Annual Information Statement (AIS) is a detailed summary of a taxpayer's information which is given in Form 26AS. In addition to the TDS/TCS details, AIS also show interest, dividend, stock market transactions, mutual fund transactions etc.

ITR Filing: Follow these steps if your AIS form is not showing income tax paid while filing income tax return

Tax will have to be saved by wrong means, income tax return of employed people will be scrutinized, know full details in this video



Avoid Heavy Penalties: The Consequences of Mishandling Tax Returns

Understanding the intricacies of tax laws can significantly aid individuals in managing their financial affairs and in effectively reducing their tax liability. By strategically utiliszing salary perks and investing in the National Pension Scheme (NPS), tax obligations can be significantly trimmed.&nbsp;

How to reduce tax by 52% using salary perks and NPS

The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, and location.

Understanding HRA exemption: A guide to claiming it while filing ITR in India

Missing ITR deadlines may result in penalties so it's wise to keep a tax calendar.&nbsp;

Filing income tax returns: don’t miss these important dates

The abbreviation ITR-U stands for 'income tax return-updated' and is available to taxpayers for filing updated returns for 2019-20 and 2020-21 financial years or assessment years 2020-21 and 2021-22.

Income Tax News: I-T Department collects Rs 28-cr in taxes from new ITR-U filing

Your filing of Income Tax Returns (ITR) will not be considered valid and get cancelled if you do not verify it. Everybody who has filed his ITR is required to&nbsp;verify his Income Tax Returns to complete the return filing process. Without verification within the stipulated time, an ITR is treated as invalid

Your ITR return can get cancelled without verification – full details here

&nbsp;Income Tax India tweeted about the help desk numbers and email id, for any assistance.

ITR Filing: Need assistance? Income Tax Return Filing help desk numbers and email id are here

Where taxpayer files the return of income without digital signature, then the taxpayer should take two printed copies of Form ITR-V.

ITR filing FY 2021-22: Know last date and penalty if you miss DEADLINE

Here is how taxpayers can file ITR 1 and ITR 4 online. Your step-by-step guide.

 ITR filing: How to file Income Tax Returns online, your step-by-step guide 

Finance Minister Nirmala Sitharaman will be presenting Union Budget on February 1, 2022. The common man, especially the middle class, has been anticipating a change in the tax slab from the government. But do you know the journey of how income tax slabs changed in the past decades? Here are all the changes that income tax & its IT slab went through ever since India got independence. 

Budget 2022: How Income Tax Slabs Have Changed Since Independence 