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
Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
25 Jul, 2026, 07.55 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
Need help with ITR filing? Check the ITR filing charges across various websites for AY 2026-2027 for students, salaried persons, pensioners and NRIsIndividuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, for many taxpa...
23 Jul, 2026, 05.49 PM IST
ITR verification process: Different ways to e-verify your Income Tax Return using Aadhaar OTP, net banking, EVCTaxpayers can now e-verify their Income Tax Returns using multiple online options. Aadhaar OTP and Electronic Verification Code (EVC) are c...
22 Jul, 2026, 04.51 PM IST
Filing ITR for easy loans, visas, and scholarships - sounds strange? Know why filing ITR is more important than you thinkConsistently filing Income Tax Returns creates a verifiable financial document. Banks often request these returns to assess loan applicant ...
22 Jul, 2026, 02.22 PM IST
INR exchange rate while filing ITR to report foreign assets: Use this reference rate to convert foreign currency into INR as prescribed under income tax rulesIndian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indi...
21 Jul, 2026, 03.48 PM 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: CBDT takes these steps to prevent portal glitches before July 31 deadlineITR filing 2026: The government has addressed concerns regarding the income tax e-filing portal's performance. While usage has increased, t...
21 Jul, 2026, 02.14 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
Did you claim a minimum Rs 10,000 income tax refund for your car bought in FY26? Here's how to claim your 1% TCS nowAccording to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. Howeve...
16 Jul, 2026, 01.30 PM IST
What happens if you miss July 31, 2026, ITR filing deadline? Why you should not miss this due dateThe belated Income Tax Return filing deadline for AY 2026-27 is December 31, 2026. Missing this date can result in losing tax refunds and i...
14 Jul, 2026, 08.33 AM IST
10 major changes in ITR forms for AY 2026-2027 that you must know before filing ITRNew Income Tax Return forms for AY 2026-2027 introduce significant reporting changes. Taxpayers must now report futures and options trading...
13 Jul, 2026, 11.12 AM IST
Over 1.7 cr ITRs filed for AY 2026-27: I-T depttMore than 1.7 crore income tax returns have been filed for the 2025-26 fiscal year. Over ten lakh returns were submitted on Friday alone by...
11 Jul, 2026, 02.46 PM IST
Invested in foreign shares? Know how to file ITR with ‘relevant accounting period’ for reporting foreign assets in Schedule FA?Indian residents holding foreign assets must report them in Schedule FA. This reporting uses the calendar year ending December 31, 2025. As...
10 Jul, 2026, 10.33 AM IST
ITR filing 2026: Step-by-step guide to filing ITR-2 online on the income tax portalIndividuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for submission. The...
08 Jul, 2026, 03.18 PM IST
ITR filing deadline 2026: From July 31 ITR filing to TDS due dates; key forms you can't afford to missJuly marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried individuals and pensioners to file...
30 Jun, 2026, 10.20 AM IST