According to income tax rules, Form 10-IEA can only be filled twice in a lifetime: once to opt out and once to opt in.

There are different types of income tax return (ITR) forms, each with a specific purpose or meant for individuals from different income backgrounds.

Income tax: You can track the income tax refund status on the I-T department’s e-filing portal.

Section 139 (8A) of the Income-tax Act, 1961, allows taxpayers to correct previously filed income tax returns (ITRs) to the Income Tax Department.

Are you a senior citizen with an income below the taxable limit? Filing an income tax return (ITR) can offer several benefits; however, sometimes, not filing an ITR can cause trouble, too!

Avoid these mistakes while filing your income tax returns if you do not want the trouble of filing a revised one for providing wrong or incomplete information