ITR-3 is for individuals and HUFs reporting business or professional income, as well as income from salary, house property, ...

As the Income Tax Return (ITR) filing season begins, many salaried employees wait for their employers to issue Form 16.

A smooth ITR filing experience begins with preparation. Taxpayers should ensure these things and keep certain documents and ...

Senior citizens need not choose an ITR form based solely on age. For AY 2026-27, the correct return form depends on the ...

Form 16 provides details of salary income, deductions, exemptions and TDS deducted by the employer. While taxpayers can file their ITR without it, experts advise verifying all income and tax details ...

Choosing based on guesswork rather than clear criteria regarding income caps, asset types, and business ownership remains one ...

The Strait of Hormuz closure has been responsible for global crude oil prices surging and resulting in an economic shock for ...

Indian residents holding eligible retirement accounts in the US, UK and Canada can align the timing of taxation in India with the foreign country by filing Form 40 before the ITR deadline.

Salaried individuals awaiting Form 16 for ITR filing can still proceed without it. Employers must issue this TDS certificate ...

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS ...

Form 16 captures your salaried income but you must also cite bank interest, capital gains or freelance earnings ...

ITR-1 is generally filed by salaried individuals or pensioners, while ITR-4 is meant for individuals earning income from business or profession.