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...
17 Aug, 2026, 12.52 PM IST
Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house proper...
31 Jul, 2026, 02.07 PM IST
How to select the right ITR form based on your income for AY 2026-2027Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house properties using I...
22 Jul, 2026, 12.48 PM IST
India engaged with the US, studying all the developments: Govt tells ParliamentThe government told Parliament it is closely monitoring developments in its trade relationship with the US and remains engaged with Washing...
21 Jul, 2026, 07.28 PM IST
ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
20 Jul, 2026, 11.23 AM IST
Taxation simplified for influencers: Correct ITR form, tax regime to grey zone areas, key checks and tax traps creators must watch out forIndian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible ded...
13 Jul, 2026, 12.02 PM IST
Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...
13 Jul, 2026, 11.29 AM IST
Confused about ITR forms? Check the right ITR for salaried, pensioners, students and other taxpayersSalaried individuals, pensioners, and students must select the appropriate ITR form for AY 2026-2027. Taxpayers not requiring an audit can ...
10 Jul, 2026, 04.14 PM IST
Opting for presumptive taxation while filing ITR? You may have to face tax audit; here's what you must knowThe Income-tax Act, 2025 introduces a new audit trigger for businesses. This change clarifies audit requirements for low-profit businesses ...
08 Jul, 2026, 12.39 PM IST
Zero income tax in Form 16? You may still have to file an ITR in these casesEven if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Cert...
02 Jul, 2026, 06.30 AM IST
Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to knowTaxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's tec...
24 Jun, 2026, 05.05 PM IST
Presumptive Rules: Tax heat on content creators, consultantsThe Income-tax department is scrutinizing social media content creators, script writers, and consultants who have filed returns under Secti...
16 Sep, 2025, 12.28 AM IST
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the detailsIncome Tax Dept sent wrong tax notice to many: The tax department has erred in sending notices to many taxpayers for defective income tax r...
26 Dec, 2024, 04.23 PM IST
Presumptive taxation eligibility limits enhanced for professionals and MSMEsEarlier MSMEs with annual turnover up to Rs.2 crore and Professionals with income up to Rs.50 lakh were allowed to go for presumptive taxat...
03 Feb, 2023, 08.07 PM IST
Tax queries: LLP not eligible to avail of presumptive tax benefitsDilip Lakhani, Senior Chartered Accountant answers queries from our readers on income tax and other levies.
10 Jan, 2018, 01.29 PM IST
Govt gives tax break to small businesses on digital receipts of moneyFor businesses with turnover up to Rs 2 cr, the existing rate of deemed profit of 8% under section 44AD of the Income Tax Act will be reduc...
20 Dec, 2016, 11.48 AM IST
5 things to know when filing tax returns onlineIt is that time of the year when you have to sit with a paper & pen to calculate your tax liability. ET tells you the steps to take & the m...
19 Jul, 2016, 04.26 PM IST