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New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more tax- Can your bank cut TDS on interest income? Income Tax Department clarifies Income-tax Act, 1925 rule
- Has Standard Deduction for FY 2026-27 for salaried employees changed in Budget 2026?
- Higher exemption, lower rates, more deductions: What ET readers want and can Budget deliver?An Economic Times survey reveals that a majority of taxpayers ask for lower tax rates and higher exemption limits. Experts advocate for exp...26 Jan, 2026, 12.45 PM IST
- Income Tax Refund delay explained: Why are lakhs of taxpayers still waiting for refunds and what does law allow?Income Tax Refund: The Income Tax (I-T) Department can process returns and issue refunds up to December 31, 2026. This means the I-T Depart...20 Jan, 2026, 05.18 PM IST
- ITR filers face several issues with Capital Gains Account Scheme - experts suggest fixes in Budget 2026Taxpayers face difficulties with the Capital Gains Account Scheme. Experts propose Budget 2026 reforms to simplify the process. They want o...14 Jan, 2026, 12.22 PM IST
- Income Tax Dept is sending intimations about cash deposit, property purchase, AIS ITR mismatch; Here’s what it meansImportant update for taxpayers: Be on the lookout for emails from the Income Tax Department regarding your larger financial dealings. These...18 Dec, 2025, 08.00 PM IST
- CAs point to glitch in ITR software resulting in taxpayers getting a little less tax refund; what it means for youA system error in the Income Tax Return software is causing taxpayers to receive slightly lower refunds. Chartered Accountants have identif...19 Aug, 2025, 02.47 PM IST
- Error in ITR-2 online utility: CA highlights technical bug which may lead to taxpayers with capital gains income, carry forward loss getting scrutiny notices laterA Chartered Accountant has identified a technical error in the ITR-2 online utility, causing inconsistencies between loss adjustment and ca...01 Aug, 2025, 04.07 PM IST
- Error in ITR utility: Penal interest is automatically getting added to taxpayers who don’t have to pay advance tax, check the detailsChartered Accountants have identified an error in the Income Tax Return (ITR) utility's calculation of Section 234C interest, potentially i...29 Jul, 2025, 03.08 PM IST
- Can your HRA tax exemption claim get rejected despite submitting all proofs?Salaried individuals claiming HRA tax exemption should ensure accuracy and compliance, as discrepancies can lead to rejection. Tax officers...10 Jul, 2025, 10.25 AM IST
- Pay a penalty of Rs 1.5 lakh or 0.5% of total sales if you fail to submit tax audit report by September 30, 2024Income Tax Audit: The tax audit report submission deadline for specified taxpayers is September 30, 2024 for FY 2023-24 (AY 2024-25). If yo...29 Sep, 2024, 08.13 PM IST
- Double tax for NRIs if this form is not filed and this is not claimedNon resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim ...06 Sep, 2024, 01.08 PM IST
- Which parent will pay the income tax on gains made from selling investment in minor child’s name after divorce?When parents are married, it is the responsibility of the highest earning parent to pay income tax on gains or returns received on investme...12 Jan, 2024, 10.27 AM IST
- Form 26AS or AIS: Which is more important document to file ITR?The first step in the income tax return filing process is to gather all the required documents. This include - Form 16, Salary slips, Form ...31 Jul, 2023, 12.16 PM IST
- Recognising the top 10 business leaders of India 2023Meet the esteemed business leaders who have secured their positions among India's top 10 in 2023.29 Jun, 2023, 05.34 PM IST
- Earned capital gains? You must cross-check your AIS before filing ITRThe Annual Information Statement or AIS is the statement containing details of the financial transactions undertaken last year. The stateme...28 Jul, 2022, 02.52 PM IST
- Income tax refund of this amount will not be paid by tax deptSec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also indicate the above in cases where th...27 Oct, 2021, 12.43 PM IST
- Why you should file belated ITR, correct ITR errors before March 31Once this opportunity is missed, then you will not be able to file your ITR for FY 2018-19. In such a case you will be able to file the ITR...24 Mar, 2020, 10.14 AM IST
- Here are five success stories of UPSC toppers that can inspire you as wellCandidates from a diverse background made it to India's elite administrative service. Here are five inspirational stories of UPSC toppers t...28 Apr, 2018, 09.11 PM IST
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