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
Buying vs renting a home: ₹1 crore home today or ₹6 crore corpus after 20 years - how the strategy of renting and investing may beat buying a house in IndiaBuying a home in Indian metros is an emotional decision, but financial realities are shifting. Renting and investing the difference between...
14 May, 2026, 05.33 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
Child enrichment can cost Rs 1 lakh/year: Here’s how to fund your child’s preschool activity classes—from dance, music to phonicsFrom phonics to piano, music to drama, activity classes for pre-schoolers are growing fast—and so is the cost of raising a well-rounded chi...
27 Apr, 2026, 10.46 AM IST
US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3New Income Tax Return forms have removed ITR-1 and ITR-4, requiring US 401(k) and overseas pension account holders to now use ITR-2 or ITR-...
06 Apr, 2026, 05.51 PM 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
New ITR forms: Taxpayers will have to disclose cash receipts, all bank accountsNew ITR forms: Resident individuals with income up to Rs 50 lakh, deriving earnings from salary, a single house property, other sources (in...
24 Dec, 2023, 12.12 PM IST
Who can and cannot file income tax return using ITR-1 for FY 2022-23?Not everybody can file ITR-1 (Sahaj) especially if they have any income from capital gains or income from cryptocurrencies or virtual digit...
31 Jul, 2023, 03.56 PM IST
Early availability of ITR forms will improve ease of filing returns, says CBDTIt can be attributed to facilitate taxpayers and to improve the ease of filing. As per the dept, no significant changes have been made to t...
15 Feb, 2023, 04.00 PM IST
Govt notifies income tax forms for Assessment year 2021-22“Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made,” CBDT said in the notification is...
01 Apr, 2021, 08.53 PM IST
Tax Department rolls back order; allows joint property owners to file returns using simple forms"After the notification, concerns have been raised that the changes are likely to cause hardship in the case of individual taxpayers," the ...
09 Jan, 2020, 08.24 PM IST
Income tax department wants to know a little bit more about youBy collecting more specific information from taxpayers through its new forms, the income tax department aims to check tax evasion.
06 Apr, 2018, 08.30 PM IST
Income tax return forms for FY 2017-18 releasedCBDT has been quick of the mark in releasing these forms right at the start of the assessment year to enable people to start filing their r...
06 Apr, 2018, 08.29 PM IST
All about income tax return form SahajITR 1/Sahaj can be used only by individuals who have income from salaries or one house property or other sources of income.
24 Apr, 2017, 06.30 AM IST
Government notifies simplified ITR forms; e-filing to start from tomorrowThe e-filing facility for ITR-1 is enabled from April 1 and ITRs can be filed till the stipulated deadline of July 31.
31 Mar, 2017, 05.35 PM IST
Simplifying procedure for filing income-tax returnsMany individuals dread the income tax returns date with I-T department, as they find the entire process very confusing.
23 Jul, 2013, 04.09 AM IST
Choose the correct form to file your income tax returnHere's a look at the forms that individual taxpayers have to use to file their returns. Keep in mind that these forms have to be downloaded.
25 Jul, 2011, 05.08 PM IST