Taxpayers can face late filing fees, interest and penalties for different types of income tax defaults. Here's a simple guide to the key provisions under the Income Tax Act and what they could cost ...

Understand the Deductions Available and Those No Longer Allowed Under the New Income Tax Regime As taxpayers prepare to file ...

The Annual Information Statement (AIS) may list several high-value financial transactions, but not all of them are taxable.

Individuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for ...

Because there are some financial transactions that could make you ineligible to file ITR-1 and require you to switch to ITR-2 ...

The official season for filing income tax return (ITR) has begun and taxpayers are busy compiling their documents, reaching ...

As per the new rules, taxpayers need to report turnover and income from futures and options (F&O) trading. In the new forms, ...

While the nature of income differs across taxpayers, some common mistakes can lead to avoidable interest and compliance ...

Taxpayers should verify Annual Information Statement data for capital gains. Relying solely on AIS may lead to incorrect ...

ITR-2 filing for AY 2026-27 requires careful reporting of capital gains, multiple properties, foreign assets and other income ...

ITR filing FY 2025-26: The deadline to file ITR for salaried taxpayers is July 31, 2026. In case you are confused about what ...

With the income tax return (ITR) filing season underway, many taxpayers are preparing to submit their returns for the ...