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Filing ITR-3 for AY 2026-2027? Here’s 7 aspects to look out for before filing itThe deadline to submit ITR-3 forms for non tax audit business income is set for August 31, 2026. For those requiring a tax audit, the submi...31 Aug, 2026, 04.42 PM IST- Who needs to file ITR by August 31, 2026 for AY 2026-2027? Check what happens if ITR filing deadline is missedITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2...29 Aug, 2026, 11.57 AM IST
- Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for manyThe rupee's depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regular...26 Aug, 2026, 11.52 PM IST
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...26 Aug, 2026, 04.32 PM IST
- Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law saysSeverance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says26 Aug, 2026, 10.56 AM IST
- Filing ITR4 by August 31 deadline? Check these 6 major changes if opting for presumptive taxation for AY 2026-27For the assessment year 2026-2027, new changes have been introduced impacting those filing ITR-4. Taxpayers need to be aware of six major u...25 Aug, 2026, 03.50 PM IST
- Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...25 Aug, 2026, 03.32 PM IST
- August 31 ITR filing deadline: ITR-3 or ITR-4? Which form you should choose while filing your income tax returnTaxpayers engaged in business activities must submit either ITR-3 or ITR-4 by the deadline of August 31, 2026. While ITR-4 simplifies the p...25 Aug, 2026, 02.57 PM IST
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...24 Aug, 2026, 04.27 PM IST
- ITR filing deadline: Income Tax Department asks business, professional taxpayers to file returns by August 31The Income Tax Department has reminded taxpayers with business or professional income who are not subject to audit to file their ITRs for A...24 Aug, 2026, 04.21 PM IST
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...24 Aug, 2026, 11.22 AM IST
- IRS Adoption Credit 2026: Can eligible families claim up to $17,670 per child with Form 8839 and $5,120 refundable?The IRS Adoption Credit 2026 can provide up to $17,670 per eligible child for qualifying adoption expenses. The IRS raised the maximum from...22 Aug, 2026, 10.28 PM IST
- Can the IRS EITC 2026 really deliver up to $8,231? Check these income and child rules before filing Form 1040The IRS EITC 2026 can put up to $8,231 back into the hands of eligible workers. But it is not a payment for everyone. Your earned income, f...22 Aug, 2026, 09.34 PM IST
- IRS final notice of Intent to Levy: What 30 days means before the IRS can seize money or propertyThe IRS Final Notice of Intent to Levy is a serious warning. It can come before the IRS takes money or property to collect an unpaid tax de...22 Aug, 2026, 09.01 PM IST
- Plant 500 trees and explain Rs 11.22 crore additional income: A rare direction from ITAT Chandigarh asks taxpayer with Rs 1.79 lakh income shown in ITRThis Haryana man's case was picked up for scrutiny, and during the proceedings the Assessing Officer found large cash deposits, unsecured l...21 Aug, 2026, 07.10 AM IST
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...19 Aug, 2026, 10.44 AM IST
- I-T department officials discuss roadmap for improving services for taxpayersSenior Income Tax officials met in Jaipur for a two-day conclave. They discussed improving taxpayer services and reducing litigation for th...18 Aug, 2026, 09.45 PM IST
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