6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
08 Aug, 2026, 10.15 AM IST
Gratuity tax deduction denied due to ITR filing error? ITAT Chennai says genuine claims can't be rejectedDue to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine ded...
08 Aug, 2026, 07.00 AM IST
Earnings from unexercised ESOP buyback is LTCG, not pay perk: ITATThe Income Tax Appellate Tribunal ruled that vested ESOPs are not taxable as salary until exercised. It held that gains from Flipkart's rep...
06 Aug, 2026, 09.01 AM IST
HC seeks govt reply on auto TDS refund pleaThe Delhi High Court has asked the government for its response on a plea. This plea seeks automatic tax deducted at source refunds for indi...
06 Aug, 2026, 12.54 AM IST
Unexercised ESOP buyback gains taxable as LTCG, not salary income: ITATThe Income Tax Appellate Tribunal determined that employee stock options are not considered part of salary perks until they are exercised. ...
04 Aug, 2026, 11.23 PM IST
Earn more, spend more, stay broke: CA warns against the comfortable poverty of high-income earnersCA Nitin Kaushik warns that a higher salary does not automatically create wealth. He argues that lifestyle inflation, social media comparis...
04 Aug, 2026, 09.17 AM IST
Over 5.9 crore income tax returns filed by July 31 for AY27 as deadline closesMore than 5.9 crore income tax returns were filed by the July 31 deadline. This figure represents filings for assessment year 2026-27 by in...
01 Aug, 2026, 12.50 PM IST
Missed filing your ITR by July 31, 2026? Know your options and here’s what you can do nowTaxpayers missing the July 31, 2026 income tax return deadline have options. A belated ITR can be filed until December 31, 2026, with a lat...
01 Aug, 2026, 07.01 AM IST
Over 5.5 crore ITRs filed for AY27 so farOver 5.5 crore income tax returns have been filed for AY 2026-27. More than 42 lakh returns were filed on July 30 alone. The deadline for f...
31 Jul, 2026, 03.14 PM IST
Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reasonRs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salari...
31 Jul, 2026, 02.15 PM IST
Employee wrongly declared Rs 14 lakh Australian salary in Indian ITR: ITAT grants tax relief but denies Rs 3.4 lakh foreign tax creditEmployee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid i...
31 Jul, 2026, 02.08 PM IST
Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house proper...
31 Jul, 2026, 02.07 PM IST
Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?Taxpayers face a choice between filing income tax returns now or later. The income tax return due date is approaching for many individuals....
31 Jul, 2026, 02.07 PM IST
July 31 isn't the ITR deadline for everyone: Who can file income tax returns by August 31, 2026?The income tax return filing deadline for salaried individuals remains July 31, 2026. However, certain taxpayers with business income can f...
31 Jul, 2026, 02.07 PM IST
ITR filing deadline of July 31, 2026: With only 4 days left to due date; 5 checks you must complete before submitting formITR filing: Taxpayers have four days remaining to file their Income Tax Return by the July 31, 2026 deadline. It is important to match Form...
28 Jul, 2026, 07.59 PM IST
IITian earning Rs 1 crore had to borrow Rs 15,000 to pay income tax. His CA shares a financial lessonCA Pratibha Goyal shared on X that one of her IITian clients, who has earned over Rs 1 crore annually for five years and owns three houses,...
28 Jul, 2026, 03.40 PM IST
File your ITR for just Rs 11: Paytm partners with ClearTax; here's how you can file income tax returnITR filing: Paytm users can now file Income Tax Returns directly through the app. This service is available starting at an affordable price...
27 Jul, 2026, 05.40 PM IST