Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
08 Jun, 2026, 01.39 PM IST
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 ...
04 Jun, 2026, 07.11 AM IST
Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...
01 Jun, 2026, 07.11 AM IST
Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
22 May, 2026, 04.22 PM IST
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
22 May, 2026, 07.21 AM IST
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...
15 May, 2026, 11.55 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
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...
05 May, 2026, 05.27 PM IST
Rs 13 lakh cash payment for credit card bill triggers tax notice; man wins case after ITAT accepts ‘family gift’ explanationA Mumbai man faced a tax notice for using Rs 13 lakh cash to pay his credit card bill. He explained the cash as gifts from his wife, father...
01 May, 2026, 07.00 AM IST
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...
24 Apr, 2026, 07.01 AM IST
New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionallyNew ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross rece...
10 Apr, 2026, 12.37 PM IST
ITR verification process methods: 5 ways to e-Verify your Income Tax ReturnIt is necessary to verify an ITR to complete the return filing process; without verification within the stipulated time, an ITR is treated ...
14 Jul, 2025, 03.59 PM IST
These ITR filers have only 10 days left to verify their ITRs else ITR invalidITR refund: You won't get tax refund without verifying the filled up and submitted income tax return (ITR). As per CA Twinkle Jain, "If an ...
21 Aug, 2024, 11.17 AM IST
Verify your income tax return (ITR) for FY 2022-23 by this date or it will be invalidLast year, the Central Board of Direct Taxes (CBDT) decreased the ITR verification time restriction from 120 days to 30 days from the date ...
28 Aug, 2023, 03.43 PM IST
Can you correct a mistake in your filed income tax return before verifying it?You have submitted your ITR and yet to verify it. However, at this stage you discover a mistake made in the filed ITR. Can you skip verifyi...
30 Jul, 2023, 08.42 AM IST
Forgot to verify your income tax return? Here is what you can doVerification of income tax return is the last step to complete the process of ITR filing. ITR must be verified within 30 days of submission...
13 Jun, 2023, 01.21 PM IST
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...
30 Dec, 2019, 01.52 PM IST