Throwing away old tax records too soon can create real problems if you later receive a notice, need to file a revised or ...

Once ITR is filed if Section 143 (1) intimation notice with tax demand is sent; respond to it within 30 days else you can be ...

A common issue arises when taxpayers log into the IT portal only in the final week of July. This is often when mismatches in ...

Last year, taxpayers were given extra time as the Income Tax Department released the ITR forms and filing utilities late, ...

The income tax department has mandated a secondary address field in all ITR forms for AY 2026-27, requiring additional ...

Individuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, ...

From a practical perspective, retirees should view ITR filing not merely as a statutory obligation but as an annual financial ...

Resident taxpayers must report foreign assets in Schedule FA, disclose overseas income, and file Form 67 to claim Foreign Tax ...

ITR-1 is meant for resident individuals with a total income of up to Rs 50 lakh from salary, one house property and other ...

Matching AIS and Form 26AS may not prevent a tax notice. Wrong income details, excess deductions, large transactions or TDS ...

ITR filing: Form 12B is a statement containing details of salary income earned by an employee from a previous employer during ...

In India, intraday and F&O trading profits are taxed differently. Intraday trading is speculative business income, while F&O ...