The Income Tax Return (ITR) filing season for the financial year 2025–26 (assessment year 2026–27) has officially begun.

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

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

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

The Income Tax Department has set different ITR filing deadlines for AY 2026-27 based on income source and audit status. Key ...

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

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 ...

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 ...

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

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