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ASSESSMENT YEAR 2026 27
Passport fee hike: Delhi HC directs Centre to decide representation in three monthsThe Delhi High Court has directed the Centre to consider and decide within three months a representation challenging the revised passport f...22 Jul, 2026, 02.58 PM IST- ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax noticesMany taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. T...22 Jul, 2026, 12.37 PM IST
- Tractor industry's volume growth likely to moderate to 1-4% in FY27: IcraTractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a strong growth of ...21 Jul, 2026, 03.23 PM IST
- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...21 Jul, 2026, 02.56 PM IST
- ITR filing 2026: Step-by-step guide to filing ITR-1 for AY 2026-27 before the July 31 deadlineStudents, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, ...20 Jul, 2026, 12.15 PM IST
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...20 Jul, 2026, 11.57 AM IST
- Axis Bank Q1 Results: Net profit jumps 23% YoY to Rs 7,114 crore; NII up 8%Axis Bank Q1 Results: Axis Bank reported a 22.5% YoY rise in Q1 FY27 standalone net profit to Rs 7,114 crore, while net interest income inc...18 Jul, 2026, 12.15 PM IST
- Cost Inflation Index: How it can help you file your income tax returnThe Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acqui...17 Jul, 2026, 10.43 AM IST
- NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...17 Jul, 2026, 10.13 AM IST
- AIS now includes foreign assets, income dataThe Income Tax Department now shows foreign asset details in annual statements. This move aims to improve voluntary tax compliance for elig...17 Jul, 2026, 12.25 AM IST
- Students get nearly 10,000 more MBBS seats this yearIndia will offer a record 1,36,939 MBBS seats for the 2026-27 academic session. The National Medical Commission approved 9,911 additional u...16 Jul, 2026, 05.38 PM IST
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...16 Jul, 2026, 11.41 AM IST
- CBSE Gulf exam row: Supreme Court posts assessment plea for next weekThe Supreme Court on Tuesday said it will hear next week petitions challenging the CBSE's assessment scheme for regular Class 12 students i...14 Jul, 2026, 04.26 PM IST
- CBSE clarifies R3 rule: Class 10 students of 2027-28 batch must clear school-based third language assessment for pass certificateThe Central Board of Secondary Education has issued new guidelines regarding third language assessments. Students must pass school-based in...14 Jul, 2026, 12.00 PM IST
- What happens if you miss July 31, 2026, ITR filing deadline? Why you should not miss this due dateThe belated Income Tax Return filing deadline for AY 2026-27 is December 31, 2026. Missing this date can result in losing tax refunds and i...14 Jul, 2026, 08.33 AM IST
- 10 major changes in ITR forms for AY 2026-2027 that you must know before filing ITRNew Income Tax Return forms for AY 2026-2027 introduce significant reporting changes. Taxpayers must now report futures and options trading...13 Jul, 2026, 11.12 AM IST
- Invested in foreign shares? Know how to file ITR with ‘relevant accounting period’ for reporting foreign assets in Schedule FA?Indian residents holding foreign assets must report them in Schedule FA. This reporting uses the calendar year ending December 31, 2025. As...10 Jul, 2026, 10.33 AM IST
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