ITR filing deadline 2026: Missing July 31 can cost you more than you think
Many taxpayers scrambling to meet the 31 July income tax return (ITR) deadline tend to focus on one consequence of filing late, the penalty. But tax experts say the bigger…
Property bought using NRI husband’s funds? ITAT deletes ₹80 lakh tax addition
A Mumbai woman has secured relief from the Income Tax Appellate Tribunal (ITAT) after it deleted an addition of ₹80.10 lakh made under Section 69 of the Income-tax Act, holding…
Tax-free income in India: 5 sources every taxpayer should know about
Not all income earned by an individual is taxable under Indian tax laws. While salary, business income and most investment gains are subject to taxation, the Income Tax Act provides…
Should a housewife file income tax return? How does it work?
Filing an Income Tax Return (ITR) is a crucial financial obligation, and this requirement is not limited to salaried individuals alone. Homemakers, too, may be required to submit tax returns…
LTCG: How to save long-term capital gains tax — key exemptions and errors explained
Sections 54, 54B, 54EC, and 54F represent the most effective pathways to claim these tax reliefs, tax experts say. Source link
ITR filing AY 2026-27: Know how to raise a rectification request to fix errors in your processed income tax return
After you file the income tax return (ITR), the Income Tax Department processes the return and issues an intimation under Section 143(1) of the Income Tax Act. This intimation provides…
ITR filing AY 2026–27: Difference between ITR-1 and ITR-4 — who should file which form?
ITR-1 and ITR-4 both apply to taxpayers with income of up to ₹50 lakh in a financial year and share several similar income sources. However, the main difference between the…
ITR filing 2026: Don’t forget to report your cryptocurrency gains — Tax rules explained
As investors seek higher returns and diversify their portfolios, cryptocurrencies have emerged as a popular investment option, offering decentralised and border-less transactions. While digital asset can be legally traded, bought…
Why you should file your ITR before by the deadline: Top 3 benefits for taxpayers
Income tax return (ITR) filing season is currently underway and all tax return forms for financial year 2025-26 (AY 2026-27) have been notified by the income tax department. However, many…
Step-by-step guide to file ITR online: Know the complete process from registration to verification
Filing an income tax return (ITR) involves following a series of steps to ensure all details are reported accurately. Resident individuals with a total income of up to ₹50 lakh…