Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
22 May, 2026, 04.22 PM 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
CIC advises Income Tax Dept: Institutionalise taxpayer-friendly grievance redressalIn a recent statement, the Central Information Commission has called on the Income Tax Department to overhaul its system for taxpayers. It ...
05 Mar, 2026, 06.13 PM IST
RBI deducted TDS on full interest on GOI Savings Bonds. How do I avoid double taxation?ET Wealth Reader's Query: I had purchased GOI Savings Bonds issued by the RBI in 2018. These bonds carried a fixed interest rate of 7.75% p...
05 Mar, 2026, 12.22 PM IST
I have a 5-year cumulative FD, do I need to pay income tax on interest annually or at maturity?ET Wealth Reader's Query: I have a 5-year cumulative fixed deposit where the interest is payable only at maturity. To file my income tax re...
18 Dec, 2025, 12.32 PM IST
Deadline to file TDS/TCS correction statement announced: File your request on time or risk missing credit in Form 26AS or AISThe Income Tax Department has set a crucial deadline for filing TDS and TCS correction statements. Taxpayers must ensure all corrections fo...
10 Nov, 2025, 01.53 PM IST
Got tax notice to pay additional tax? Your TDS claim rejection could be the reason; know when it can happenTax Deducted at Source (TDS): Your tax liability will increase if the tax department disallows your TDS credit claim. Now a TDS credit clai...
03 Oct, 2024, 10.30 AM IST
Budget 2024 could expand AIS to include 6 more incomes of individualsThe government introduced the Annual Information Statement (AIS) in Budget 2021 to make it easier for individual taxpayers to check their f...
30 Jan, 2024, 10.26 AM IST
Budget 2024 should allow past year's TDS credit to be claimed online, current method difficult: IndustryVarious experts have varied views about Form-71 which is used by individual taxpayers to claim TDS credit if it was not deducted in the yea...
15 Jan, 2024, 10.29 AM IST
You may end up getting income tax notice if this document is filled with errorIn November 2021, the income tax department has launched the AIS. It may happen that you have forgotten to check it before filing ITR. What...
16 Jun, 2023, 03.08 PM IST
What to check in your Form-16 while filing ITRForm 16 contains details of the total salary paid to you by your employer and tax exemptions such as house rent allowance, leave travel all...
22 Dec, 2021, 02.00 PM IST
What you must check in your TDS certificates, Form26AS & why they should matchThere are several specific things which should be correctly reflected on the TDS certificate issued to you. Discrepancies can land you in a...
19 Jul, 2019, 12.30 PM IST
7 ITR filing 'clever' moves that the tax department will spot easilyOne might find it easy to get away with small changes in declaring facts or hiding minor details while filing ITR but these acts must be av...
02 Aug, 2018, 11.10 AM IST
Received an I-T Notice? Get it resolved by an expert for freeThe service is free of cost and the site promises to resolve the issue within 24 hours. All you have to do is quote your PAN number and upl...
27 Apr, 2016, 05.04 PM IST
Have you paid tax on your interest income?The tax department is turning the heat on taxpayers who don’t report interest income. Don’t be under the misconception that interest earned...
28 Mar, 2016, 08.00 AM IST
Nine reasons for getting a tax noticeAvoid these mistakes if you don’t want a notice from the tax department, says Sudhir Kaushik, CA and co-founder of Taxspanner.com
02 Dec, 2013, 04.25 PM IST
- Self-assessees refuse to let go of 1k-cr taxes
The Mumbai income tax department has detected that self assessment tax worth Rs 1,000 crore has not been paid since September 2008.
05 Mar, 2009, 08.20 AM IST