Gifts received during the financial year may be taxable and need to be reported in the income tax return. Taxpayers should be ...

Delays, errors, or non-compliance in ITR filing for AY 2026-27 can lead to financial penalties, including fees and interest, ...

Taxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is ...

Taxpayers who held unlisted equity shares at any time during the financial year must disclose them in their ITR, even if they ...

Among several tax benefits that the government allows income tax rebate under 80C is the most common among salaried and ...

DIY filing works well for simple salary-based returns, but tax experts say complex investments, foreign assets and business ...

Five income tax penalties applicable for AY 2026-27 include late Income Tax Return filing fees, revised return charges and misreporting penalties. Here's why filing your ITR before 31 helps avoid ...

Any delays past the July 31 deadline, omissions, errors, incorrect disclosures or non-compliance can result in additional ...

The last date to file the ITR for FY 2026 is July 31, 2026. According to the Income Tax Department, 3.15 crore income tax returns have been filed so far. However, only 2.96 crore returns have been ...

FD interest must be reported under ‘Income from Other Sources’. Check AIS and Form 26AS, claim eligible deductions and adjust ...

With only a few days left to file income tax returns, speculation over a possible extension is once again gathering pace. But is there any truth to the rumours?