Taxpayers filing ITR for FY 2025-26 must choose the correct form based on income, taxpayer category and disclosures, with ...

Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...

Many taxpayers believe that filing an Income Tax Return (ITR) is unnecessary if their income falls below the taxable limit. However, financial experts say that even individuals with zero tax liability ...

The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...

Senior citizens aged 75+ with only pension and interest income can now avoid filing ITR using Form No. 125 under the new ...

CBDT has updated ITR-4 for AY 2026-27, making investment disclosure mandatory. Check who can file, eligibility rules and step ...

The process of filing your income tax returns (ITR) can be an intimidating task, especially for first-time taxpayers.

Filing your income tax return may seem straightforward, but even small oversights can trigger unexpected scrutiny. With ...

Purpose / when used Filed after missing the original due date (late filing). Filed to correct an error/omission in an already-filed return (original or belated). Filed to voluntarily disclose missed ...

With the rollout of the Income Tax Act, 2025 and new compliance rules, key changes have been introduced to ITR deadlines, along with an expanded scope for updated returns (ITR-U) and tighter PAN ...

Filing income tax returns every year can be stressful for many elderly taxpayers. But did you know some senior citizens above ...

As ITR filing season nears, credit card rewards in India are generally treated as discounts, not taxable income. However, high-value rewards or those linked to business expenses may attract scrutiny.