Which ITR form should I file as I am a homemaker who has Rs 98,000 dividend income and paid Rs 4000 TDS?ET Wealth Reader's Query: I am 43, a homemaker, with mutual fund investments of Rs 35 lakh and stock investments of Rs 50 lakh, mostly inve...
28 Jul, 2026, 12.13 PM IST
Employee wrongly declared Rs 14 lakh Australian salary in Indian ITR: ITAT grants tax relief but denies Rs 3.4 lakh foreign tax creditEmployee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid i...
28 Jul, 2026, 11.23 AM IST
File your ITR for just Rs 11: Paytm partners with ClearTax; here's how you can file income tax returnITR filing: Paytm users can now file Income Tax Returns directly through the app. This service is available starting at an affordable price...
27 Jul, 2026, 05.40 PM IST
Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know howIndian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential p...
27 Jul, 2026, 03.06 PM IST
Rs 17.41 lakh penalty for ITR filing mistake: CA firm's owner's affidavit helps taxpayer get relief in ITAT Mumbai; know howRs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps tax...
27 Jul, 2026, 02.34 PM IST
Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31Taxpayers are receiving alerts about undeclared foreign assets before the July 31 deadline. The tax department has uploaded foreign asset d...
27 Jul, 2026, 07.49 AM IST
ITR filing deadline FY 2025-26: Due dates, penalties, and what happens if you miss July 31 deadlineTaxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is July 31, 2026, w...
24 Jul, 2026, 01.42 PM IST
Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must knowPresumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...
24 Jul, 2026, 12.25 PM IST
Sold multi-asset MFs? Before filing ITR, check the fund’s underlying asset mix as it determines tax treatment; know how to file return on such gainsMulti-asset mutual fund taxation depends on equity and debt exposure. Equity-oriented funds have specific tax rates and holding periods. De...
24 Jul, 2026, 11.29 AM IST
Brisk processing for AY27: Nudge helps, 33.5m ITRs filed so farIndia's income-tax department has received over thirty-three million income-tax returns for assessment year 2026-27. Nearly twenty million ...
24 Jul, 2026, 12.58 AM IST
How to file ITR-3 online on the Income Tax e-filing portal for AY 2026-2027Individuals with business income must file ITR-3 for AY 2026-2027. This form captures various income sources, including salary and capital ...
23 Jul, 2026, 05.31 PM IST
Rs 5.26 lakh capital loss carry forward was claimed in original ITR but a lesser claim was denied in revised ITR; Taxpayer fights back and wins in ITAT BangaloreFiled revised ITR but lost Rs 2.99 lakh capital loss carry forward benefit claimed in original ITR; Know how a man challenged tax dept's de...
22 Jul, 2026, 02.33 PM IST
How to select the right ITR form based on your income for AY 2026-2027Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using I...
22 Jul, 2026, 12.48 PM IST
Foreign income taxation: Employees, investors, freelancers check these aspects to prevent double taxation on same foreign income while filing ITR for AY 2026-2027Indian taxpayers earning global income face potential double taxation concerns. India's tax treaties offer relief through credits or exclus...
22 Jul, 2026, 10.26 AM IST
ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...
21 Jul, 2026, 02.56 PM IST
ITR filing 2026: Step-by-step guide to filing ITR-1 for AY 2026-27 before the July 31 deadlineStudents, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, ...
20 Jul, 2026, 12.15 PM IST
How a Meerut slum woman masterminded a Rs 357 crore income tax return fraud from a 25-sq-yard homeThe Income Tax Department has uncovered a large tax refund fraud racket. A 30-year-old woman allegedly created fake deductions worth crores...
18 Jul, 2026, 04.04 PM IST