Income-tax returns: The Income-Tax Department has introduced some key changes in how taxpayer report income using the ITR-4 / ...
Form 16 captures your salaried income but you must also cite bank interest, capital gains or freelance earnings ...
Professionals are leveraging AI tools like Claude for tax filing, simplifying document review, identifying discrepancies, and ...
Taxpayers should note that June 30 is the deadline for scrutiny notices under Section 143(2) for ITRs filed during FY 2025-26. Here are cases when you may receive a notice and what to do next.
The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27.
If your IFSC code or account number is wrong or the account is not pre-validated, refunds may fail or get delayed. Given that refunds are processed electronically, accuracy here is non-negotiable.
Taxpayers might not need to file an Income Tax Return if their income is below the exemption limit, but filing can provide ...
Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS ...
As of now, there is no CBDT notification extending the AY 2026-27 filing deadline for individual taxpayers. Therefore, ...
Taxpayers are facing confusion following the introduction of the Income-tax Act, 2025. The key clarification is that income ...
The ITR filing calendar for AY 2026-27 has changed, and July 31 is no longer the deadline for every taxpayer. Different due ...
Failure to file ITRs can result in interest, late fees, loss of refunds, and missed tax benefits. Beyond taxation, it may also affect financial credibility and access to ...