Income Tax Return Filing Deadline: The process for filing Income Tax Returns (ITR) for the financial year 2025-26 has ...

Income Tax Return Filing Season Begins; Missing the Deadline Could Cost You More Than Just a Penalty The Income Tax Return ...

From expanded ITR-1 eligibility to new disclosure requirements, several changes have been introduced in the revised forms.

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS ...

One of the key indicators is the presence of business or professional income in AIS or Form 26AS. If the taxpayer's turnover ...

Losses under the head Capital Gains cannot be set off against any other head. The capital loss which cannot be fully set off ...

The guide explains the FY 2025-26 tax slabs, enhanced rebate benefits, and key filing requirements under the default new tax regime. The takeaway is that accurate reporting and document verification ...

Taxpayers who miss the original ITR filing deadline can still submit their returns, but they may have to pay a late filing ...

The Strait of Hormuz closure has been responsible for global crude oil prices surging and resulting in an economic shock for ...

Taxpayers should retain adequate documentation to substantiate the gift, including a gift deed, proof of the donor's identity ...

Income earned from the sale of cryptocurrencies needs to be declared in the Virtual Digital Asset (VDA) schedule. In the ...

Form 16 helps salaried employees file ITR as without Form 16 it is time consuming to file ITR; When can you expect to get ...