Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
29 May, 2026, 04.51 PM IST
Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...
01 May, 2026, 07.00 AM IST
Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
30 Apr, 2026, 04.36 PM IST
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
17 Apr, 2026, 06.02 PM IST
New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionallyNew ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross rece...
10 Apr, 2026, 12.37 PM IST
Filing ITR just got easier: This new AI chatbot helps with income tax queries, forms and rules; check detailsThe Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool offers 24/7 assis...
09 Apr, 2026, 04.30 PM IST
Income Tax Department website revamp: Site offers links for new ITR forms, e-pay tax, e-verification, e-PAN, payment status and many other tasksThe Income Tax Department has launched a revamped e-filing portal to support the transition to the new Income Tax Act, 2025. Taxpayers can ...
01 Apr, 2026, 11.45 AM IST
New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
01 Apr, 2026, 12.41 AM IST
March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late feesTaxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits an...
27 Mar, 2026, 05.32 PM IST
Online ITR filing charges across popular websites for AY 2025-26There are several third-party websites that provide ITR filing services for payment of a fee. While filing on the government portal is free...
13 Sep, 2025, 01.42 PM IST
Online ITR filing charges across six tax filing websites compared for AY 2025-26Taxpayers must file income tax returns by September 15, 2025. Several options exist, from self-filing on the e-filing ITR portal to seeking...
05 Aug, 2025, 12.38 PM IST
6.77 crore ITRs filed for AY 2023-24: How to check your income tax return status onlineOnce you file your tax returns, you can find out its status as to whether the Income Tax Department has accepted and processed your ITR.
02 Aug, 2023, 11.33 AM IST
Want to file ITR online? Check charges of six different income tax return filing websitesRead here to know what are the charges for expert assisted and self-assisted ITR filing across six different websites- Clear, TaxBuddy, Qui...
31 Jul, 2023, 05.30 PM IST
What is the penalty for missing ITR filing deadline?Till FY 2019-20 (AY 2020-21), an individual was allowed time till the end of the financial year, i.e., March 31 to file belated ITR by payi...
31 Jul, 2023, 04.02 PM IST
ITR filing for FY 2022-23: Which income tax return form applies to youContrary to the norms, the Central Board of Direct Taxes (CBDT) notified the income tax return forms for FY 2022-23 (AY 2023-24) in Februar...
31 Jul, 2023, 03.59 PM IST
ITR filing: Which income tax return form is applicable to you for FY 2021-22?Income tax return (ITR) filing is mandatory if an individual's gross total income exceeds Rs 2.5 lakh in a financial year (FY). If an indiv...
15 Jul, 2022, 03.08 PM IST
Income tax dept creates world record with filing of 49 lakh ITRs in one dayCBDT also stated that a total 5.65 crore ITRs were filed till August 31, the last date of filing returns.
02 Sep, 2019, 09.33 AM IST