Highlights that selecting the incorrect portal tab can lead to data mismatches and filing errors. Emphasizes the need to use ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

Finance Minister Nirmala Sitharaman announced staggered ITR deadlines while presenting the Union Budget 2026 on 1 February ...

Starting April 1, 2026, new Income Tax Act and Rules bring significant changes for Tax Year 2026-27. Key updates include extended ITR due dates for certain taxpayers, revised timelines for updated and ...

Many salaried individuals assume that if their income falls below the taxable limit, they don’t need to file an Income Tax ...

The new law reorganizes provisions and introduces clearer section mapping for business income. It simplifies compliance while retaining core taxation ...

One of the main changes in the newly introduced ITR forms is the eligibility criteria for ITR-1. It now includes two house ...

The deadline for most individuals and salaried taxpayers is July 31, 2026. Business taxpayers who do not require an audit now get a slightly longer window — August 31, 2026, following a change ...

Not filing an ITR leads to missing out on refunds where TDS was already deducted on FDs, salary, or freelance income.

Salaried employees receiving meal card benefits and other perquisites must collect Form 123 (formerly Form 12BA) from their ...

Under the updated ITR structure, interest earned from companies, NBFCs, and HFCs must now be explicitly reported under ...