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TAXPAYER ITR ERRORS
Didn’t report FD interest in your ITR? Here’s how you can still correct the mistakeMissed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receiv...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
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...
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
ITR-2 online filing and excel utility for A.Y. 2026–27 are now enabled on the e-Filing ITR portalIndividuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...
Income tax return AY 26-27: Excel utility, online filing for ITR-1, and ITR-4 forms now available on e-filing portalIncome tax return AY 26-27: The Income Tax Department has launched Excel utilities and online filing for ITR-1 and ITR-4 for the Assessment...
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...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
Filing ITR just got easier: This new AI chatbot helps with income tax queries, forms and rules; check detailsThe Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool offers 24/7 assis...
If ITR is not processed by 31 December 2025, you won't be able to file revised ITR; Here’s what you can do if you have a tax refund claimTaxpayers face a critical deadline. After December 31, 2025, revised income tax returns cannot be filed if the original return remains unpr...
Making these common mistakes with ITR-2 and ITR-3 while using excel based utilities? Here's how you can fix itTaxpayers filing ITR-2 and ITR-3 using Excel utilities can encounter errors leading to incorrect tax calculations and potential rejection o...
Income Tax Department regrets issuing erroneous notices to taxpayers: Know the detailsIncome Tax Dept sent wrong tax notice to many: The tax department has erred in sending notices to many taxpayers for defective income tax r...
KSCAA writes letter to income tax dept about taxpayers being wrongly charged late penalty for ITR filingIncome tax department: KSCAA has reported that the tax department has been erroneously processing many income tax returns (ITRs) and even i...
Get ITR filed without sharing password: IT dept allows CA to file ITR on your behalf without e-filing ITR log-in credentialsITR filed by CA without password sharing: There is a way you can file ITR without sharing your e-filing ITR password with a chartered accou...
ITR filing FY 2023-24 FAQs: Name of taxpayer in ITR does not match with name in PAN database; here’s what you can doITR filing FY 2023-24: The Income Tax Department has recently published a set of commonly asked questions (FAQs) to assist taxpayers with t...
Can you change income tax regimes while filing revised ITR?Effective from FY 2020-21, an individual has an option to contine with the old, exisiting income tax regime and avail tax deductions and ex...
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...
Income Tax department to refund excess interest, late fee paid while filing ITR for FY21"Taxpayers have been advised to use the latest version of the ITR preparation software or file online. If, by any chance, someone has alrea...