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
Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
20 Jul, 2026, 11.45 AM IST
ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
20 Jul, 2026, 11.23 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
ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...
16 Jul, 2026, 12.12 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
Home loan interest column for self-occupied house disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027Home loan interest column for self-occupied house is disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027. The reason...
15 Jul, 2026, 02.21 PM IST
ITR 2026: Increased disclosure requirements for overseas investments and foreign assets—are Indian taxpayers ready?Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate ...
14 Jul, 2026, 10.59 AM 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
Income tax penalties explained: Under-reporting, not furnishing ITR, and more -Defaults and penalties under different sectionsIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
13 Jul, 2026, 12.41 PM IST
Taxation simplified for influencers: Correct ITR form, tax regime to grey zone areas, key checks and tax traps creators must watch out forIndian influencers and gig workers face significant tax compliance challenges. Many struggle with tracking income and claiming eligible ded...
13 Jul, 2026, 12.02 PM 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
How to check Annual Information Statement (AIS) before filing ITR: Step-by-step guideTaxpayers must review their Annual Information Statement before filing their Income Tax Return. This statement details financial transactio...
11 Jul, 2026, 04.43 PM IST
Over 1.7 cr ITRs filed for AY 2026-27: I-T depttMore than 1.7 crore income tax returns have been filed for the 2025-26 fiscal year. Over ten lakh returns were submitted on Friday alone by...
11 Jul, 2026, 02.46 PM IST
Confused about ITR forms? Check the right ITR for salaried, pensioners, students and other taxpayersSalaried individuals, pensioners, and students must select the appropriate ITR form for AY 2026-2027. Taxpayers not requiring an audit can ...
10 Jul, 2026, 04.14 PM IST
ITR filing 2026: Step-by-step guide to filing ITR-2 online on the income tax portalIndividuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for submission. The...
08 Jul, 2026, 03.18 PM IST