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VERIFYING YOUR ITR
Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these casesITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...
Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
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. ...
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
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 ...
ITR-3 release date: Who should file this income tax return form as I-T Department enables online filing, Excel utilities for itThe Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is fo...
What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
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...
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
ITR filed but e-verification yet to done? You can do it in this time frame; here’s how to e-verify your return using Aadhaar OTPITR e-verification: Income tax filers, remember verification is mandatory! Complete it within 30 days to avoid penalties and ensure your re...
E-verification of ITR: Penalty, consequences for not verifying income tax return before 30-day deadlineITR e-verification: Starting August 1, 2022, the Income Tax Department has shortened the deadline for e-verification or hard copy submissio...
You won’t get any income tax refund unless you verify your ITR; here’s how to verify ITR online, offlineIncome tax return verification: You filed income tax return will be cancelled if you don't verify it within 30 days of filing of ITR. There...
ITR e-verification: How to e-verify ITR, timelimit, other important FAQsThe ITR is deemed invalid or will not be regarded as filed if the assessee does not validate it within the allotted period. e-Verification ...
How to check ITR-V receipt status without logging into your e-filing accountAs per the income tax laws, it is important to note that the income tax return (ITR) must be verified within 30 days (120 days earlier) of ...
How to verify ITR? Here are 6 ways to verify income tax returnIt is important to verify the income tax return to complete the ITR filing process. The CBDT via a notification reduced the time limit to v...
How to check ITR-V receipt statusYou can verify your income tax return either electronically, using OTP, EVC, or physically by sending a signed copy of ITR-V to CPC, Bengal...
December 31 is the last date to verify your ITR. Have you done it?According to income tax laws, a taxpayer gets 120 days from the date of filing an income tax return (ITR) to verify his/her tax return. The...
Now you can verify your ITR without login to your e-filing accountIt is mandatory for the taxpayer to verify ITR within 120 days of filing the tax return.