Accordingly, the ITR forms will be aligned with the 1961 law as amended by the Finance Act, 2026. Therefore, taxpayers will continue to see terms like ‘Assessment Year’ and ‘Previous Year’, not ‘Tax ...

The Income Tax Department has enabled online filing of ITR-5 and ITR-7 forms for Assessment Year (AY) 2025–26. Both forms are now available on the official e-filing portal with pre-filled data to make ...

While the new regime offers reduced tax slabs, it doesn't let you claim the usual deductions available under the old regime.

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...