Form 26AS is a very important document for every taxpayer in India. If you are planning to file your Income Tax Return (ITR), this is the first thing you should check. In this blog, we will explain in simple language what is Form 26AS, why it matters, and how you can download it easily from … Read more
But here’s the confusion:How does the government know which tax regime you’re choosing? 👉 This is where Section 10IE and 10IEA come into play. 🔍 What is Section 10-IE? Section 10IE was applicable before FY 2023–24. It was used by those who wanted to choose the new tax regime under Section 115BAC. 🧑💼 Who should … Read more
✅ Who Does NOT Need to File ITR in 2025? No Need to File ITR Cases in 2025 (AY 2025-26) if: 💡 Basic Exemption Limits (FY 2024–25) Age Group Old Tax Regime New Tax Regime Below 60 years ₹2.5 lakh ₹3 lakh 60–80 years (Senior Citizens) ₹3 lakh ₹3 lakh 80+ years (Super Senior Citizens) … Read more
Filing your income tax return is an important responsibility. If you’re a salaried person or have simple income, you might be able to use the ITR-1 (Sahaj) form. But not everyone can file ITR-1. Let’s see who can and who cannot use this form. Who Can File ITR-1 (Sahaj)? You can file ITR-1 if you … Read more