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…
Missed filing income tax returns for years? How to use ITR-U to clear your backlog
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics.…
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
From new income-tax rules to GST rate revision — Here’s what changed for taxpayers as Modi becomes longest serving PM
Narendra Modi has today, on 10 June, achieved a historic milestone by becoming India’s longest-continuously serving elected Prime Minister. He has completed 4,399 consecutive days in office, surpassing the 4,398…
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…
Easing ITR compliance: A guide to presumptive taxation under Section 44ADA
Under this framework, eligible taxpayers are allowed to declare 50% of their gross annual receipts as taxable earnings. Source link
Can non-salaried persons claim house rent allowance? HRA rules explained
An individual can claim a tax deduction under Section 80GG of the Income Tax Act 1961 or under Section 134 of the Income Tax Act 2025. Source link
Can delayed ITR e-verification lead to loss of your tax refund? ITAT answers
Taxpayers who file their income tax returns (ITRs) within the due date but miss the deadline for e-verification may still be entitled to their refund, provided the delay has been…