Taxpayers must retain income tax documents for several years after filing returns. Digital copies are generally sufficient, ...
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 ITR filing deadline for AY 2026-27 is on July 31, 2026 for taxpayers filing ITR-1 and ITR-2.
The Income Tax Department has released the ITR-7 Excel utility for AY 2026-27, enabling eligible trusts, political parties, ...
False deduction claims in ITR can attract penalties of up to 200 per cent of tax due and, in serious cases, prosecution with ...
ITR-1 Filing AY 2026-27: The Income Tax Department has updated the ITR-1 (Sahaj) Excel utility, introducing new mandatory ...
Individuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income ...
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 ...
The belated Income Tax Return filing deadline for AY 2026-27 is December 31, 2026. Missing this date can result in losing tax refunds and incurring penalties. Late filing fees of up to Rs 5,000 will ...
Chennai ITAT held that a genuine failure to disclose foreign ESOPs in Schedule FA of the income tax return does not ...