Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...
16 Jun, 2026, 11.21 AM IST
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
22 May, 2026, 07.21 AM IST
Who can file ITR-1 this year? Common mistakes to avoid while filing ITR-1 for AY 2026-27 on or before July 31, 2026Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to ₹5...
15 May, 2026, 11.55 AM IST
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
14 May, 2026, 12.52 PM IST
Key changes in ITR 1, 2, 3 and 4 forms in FY 25-26: Reporting of LTCG, buyback losses, F&O, intra-day trading & more; what new forms includeThe Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and for...
09 May, 2026, 11.00 AM IST
Can I claim LTCG exemption in same year if I buy a property before selling existing one?ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemptio...
05 May, 2026, 04.15 PM IST
Capital gain tax ready reckoner: Listed equity, unlisted equity, gold, house property, and other assets for ITR filing FY 2024-25 (AY 2025-26)Latest Capital gain tax rules: The capital gain tax rules were changed in the mid-year from FY 2024-25 (AY 2025-26). Due to this, a taxpaye...
15 Sep, 2025, 08.48 AM IST
Step-by-step guide on how to file ITR-1 using excel utility with non-taxable LTCG income, salary, othersThe Income Tax Department has simplified tax filing with the ITR-1 form, now allowing those with LTCG income up to Rs 1.25 lakh to use it. ...
11 Sep, 2025, 02.07 PM IST
ITR alert: If you meet any of these 8 conditions, tax return filing is a mustITR filing mandatory: Many taxpayers believe that they have to file their income tax return only if their gross taxable income exceeds the ...
30 Jul, 2025, 02.14 PM IST
ITR filing 2025: Who can file ITR-1, who cannot file it for FY 2024-25 (AY 2025-26)?The Income Tax Department has released ITR forms for FY 2024-25, revising ITR-1 eligibility. Individuals with income up to Rs 50 lakh, incl...
24 Jul, 2025, 05.44 PM IST
Taxable income below Rs 7 lakh: Will you pay zero income tax if this income includes LTCG and STCG for FY 2024-25?Zero tax on incomes up to Rs 7 lakh: Budget 2025 clarified that tax rebate under Section 87A will not be available to incomes that are taxe...
23 Jul, 2025, 03.19 PM IST
9 changes in ITR-1, ITR-2, ITR-3, ITR-4 you need to know for FY 2024-25 (AY 2025-26) income tax return filingIncome tax return forms 2025-26: The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to fil...
13 May, 2025, 11.47 AM IST
Got LTCG up to Rs 1.25 lakh? How ITR filing will be easier for you for FY 2024-25Taxpayers filing ITR for FY 2024-25 by July 31, 2025, benefit from the updated ITR-1 form, which now includes reporting of long-term capita...
07 May, 2025, 11.36 AM IST
I-T Department notifies ITR forms 1, 4 for AY 2025-26With the notification, individuals, HUFs, firms having income up to Rs 50 lakh and those having earnings from business and profession in th...
30 Apr, 2025, 12.46 PM IST
Section 87A income tax rebate is not available on these incomesSection 87A of the Income Tax Act, 1961 allows an income tax rebate of Rs 12,500 (for both old and new tax regime) for FY 2022-23 (AY 2023-...
27 Jul, 2023, 05.06 PM IST
Filing LTCG on stocks in I-T returns to be trickyThe ITR form allows only consolidated figures instead of reporting each transaction separately.
13 Jun, 2019, 09.30 AM IST
7 changes that affect income tax return filing this yearYet to file your returns? Here's a list of seven important things you should know that have changed in tax filing this year.
18 Jul, 2017, 11.27 AM IST