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ITR DEADLINE
Missed August 31 ITR deadline? Know what ITR 3 and ITR 4 filers can do nowITR deadline: By the end of August 31, 2026, over 7.8 crore individuals completed their income tax return submissions. Those who did not fi...
Record 7.8 crore ITRs filed for AY26-27 as August 31 deadline endsOver 7.8 crore Income Tax Returns were filed for AY 2026-27 by August 31. This marked the close of the revised statutory deadline for non-a...
ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file returnITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3...
Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
Filing ITR-3 for AY 2026-2027? Here’s 7 aspects to look out for before filing itThe deadline to submit ITR-3 forms for non tax audit business income is set for August 31, 2026. For those requiring a tax audit, the submi...
Who needs to file ITR by August 31, 2026 for AY 2026-2027? Check what happens if ITR filing deadline is missedITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2...
India working on FDI clarifications for foreign money from its land-border neighboursIndia is clarifying foreign direct investment rules for bordering nations. These clarifications will guide investors from countries sharing...
Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
Filing ITR4 by August 31 deadline? Check these 6 major changes if opting for presumptive taxation for AY 2026-27For the assessment year 2026-2027, new changes have been introduced impacting those filing ITR-4. Taxpayers need to be aware of six major u...
August 31 ITR filing deadline: ITR-3 or ITR-4? Which form you should choose while filing your income tax returnTaxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, 2026. While ITR-4 simplifies the p...
ITR filing deadline: Income Tax Department asks business, professional taxpayers to file returns by August 31The Income Tax Department has reminded taxpayers with business or professional income who are not subject to audit to file their ITRs for A...
Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
Freelancers filing ITR? Don't get these 5 things wrong: Form, expenses, 44ADA, foreign income, and moreFreelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is e...
8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respondEmployees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically ...
ITR filing 2026: How freelancers and F&O traders should declare their incomeEarning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...
India's net direct tax collections jump 23% to Rs 8.11 lakh crore, non-corporate taxes lead gainsIndia's net direct tax collections surged 23.09 percent to ₹8.11 lakh crore as of August 10. Non-corporate tax collections rose significant...
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
Over 5.9 crore income tax returns filed by July 31 for AY27 as deadline closesMore than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings for assessment year 2026-27 by in...
ITR filing deadline extension: Will Income Tax Department extend July 31 ITR filing due date? Here’s what chartered accountants believeITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline e...
Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?Taxpayers face a choice between filing income tax returns now or later. The income tax return due date is approaching for many individuals....