False deduction claims in ITR can attract penalties of up to 200 per cent of tax due and, in serious cases, prosecution with ...

Income Tax Return 2026: Derivatives Traders Must Report F&O Turnover Separately; Know the Latest Filing Rules If you actively ...

With just 15 days left until the July 31 deadline for filing Income Tax Returns (ITR) for Assessment Year (AY) 2026-27, ...

The ITR filing deadline for F&O traders will depend on whether the taxpayer is liable for a tax audit. If a tax audit is ...

Crypto investors should avoid common ITR filing mistakes such as assuming the 1% TDS is the final tax, skipping transaction ...

The income tax return due date for most taxpayers is July 31, 2026. Late filing incurs penalties and addition interest if you ...

Filing your Income Tax Return using only Form 16 may no longer be enough, as the Income Tax Department now cross-verifies returns with AIS, Form 26AS and other third-party data. Tax experts recommend ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

The Income Tax Department has released the ITR-7 Excel utility for AY 2026-27, enabling eligible trusts, political parties, ...

The Annual Information Statement (AIS) may list several high-value financial transactions, but not all of them are taxable.

With the July 31 income tax return (ITR) filing deadline approaching, crypto investors should review their tax records ...

Taxpayers can check income tax refund status online via the e-filing portal. Common statuses like 'Refund Issued' and 'Refund ...