Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT ChennaiA Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially den...
06 Jul, 2026, 12.01 PM IST
ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax noticesMiscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.
06 Jul, 2026, 11.21 AM IST
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...
30 Jun, 2026, 10.28 AM IST
No Form 16? Here's how salaried taxpayers can file ITR using AIS and Form 26AS for FY 2025-26Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate by June 15th. ...
24 Jun, 2026, 03.27 PM IST
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
22 Jun, 2026, 09.25 AM IST
Why should these taxpayers avoid filing ITR before June 15th for AY 2026-2027Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updatio...
03 Jun, 2026, 07.17 AM IST
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
08 May, 2026, 10.09 AM IST
ITR filing 2025: What you should know about Form 26AS, AIS and TISIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 6...
15 Sep, 2025, 12.27 PM IST
How to download AIS, TIS for ITR filing FY 2024-25 (AY 2025-26)Indian taxpayers can now easily access their financial data through the Annual Information Statement (AIS) and Taxpayer Information Summary...
14 Jul, 2025, 05.55 PM IST
What is Form 26AS, AIS and TIS in income tax?Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed vi...
27 Jun, 2025, 08.00 AM IST
Is your advance tax, self-assessment tax details missing from ITR forms? Here’s what you can doAdvance tax, Self-assessment tax, refund, others will not be available in Form 26AS from this year AY 2023-24 (FY 2022-23. Nonetheless, one...
28 Jun, 2023, 10.23 AM IST
What is AIS? Income tax department answers all your queries about Annual Information StatementThe Annual Information Statement (AIS) is a tool the tax department uses to let people know what information it holds on them.
16 Jun, 2023, 06.11 PM IST
AIS shows ALL your digital financial transactions that the income tax dept knows aboutThe income tax department has launched a comprehensive statement called Annual Information Statement (AIS) in November 2021. This statement...
16 Jun, 2023, 12.34 PM IST
ITR filing: What does Taxpayer Information Summary (TIS) in Annual Information Statement contain?The Taxpayer Information Summary (TIS), which contains significant summaries of the taxpayer's information, is a crucial element of the AIS.
08 Jun, 2023, 01.25 PM IST
New app from Income tax department for tracking refunds, TDS, income tax payments, interest paymentsThe mobile application from Income Tax Department can be accessed free of cost and is available on Google Play & App Store. It is called AI...
22 Mar, 2023, 09.13 PM IST
How to file ITR-1 with salary income, home loan, other incomes for FY 2020-21Many salaried individuals have to use the ITR-1 form to file their tax returns. A resident individual having total income up to Rs 50 lakh ...
24 Dec, 2021, 10.26 AM IST
ITR filing: New annual information statement accessible on e-filing portalThe I-T department had last month expanded the list of high-value financial transactions, which would be available to taxpayers in their Fo...
15 Nov, 2021, 11.04 AM IST