Think your income is too low to require an ITR? Not necessarily. Certain financial transactions can make return filing ...

Even if your income is below taxable limits, filing an Income Tax Return (ITR) offers significant future benefits for ...

The ITR filing deadline extension for AY 2026-27 appears unlikely, as filing systems remain stable and compliance is ...

Ship traffic through the Strait of Hormuz surged briefly following US sanctions relief and a humanitarian evacuation effort.

As the Assessment Year 2026-27 filing season gets underway, some salaried individuals frequently wonder if they should file ...

For investors, a loss-making year does not necessarily eliminate the need to file an ITR. In many cases, filing the return ...

Taxpayers are advised to delay filing their Income Tax Returns for AY 2026-2027 until after June 15th. This allows for the accurate updation of the Annual Information Statement with data from ...

Form 16 provides details of salary income, deductions, exemptions and TDS deducted by the employer. While taxpayers can file their ITR without it, experts advise verifying all income and tax details ...

The "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax ...

Losses under the head Capital Gains cannot be set off against any other head. The capital loss which cannot be fully set off ...

ITR Filing AY 2025-26: Most scrutiny notices are not accusations of wrongdoing. Often, they simply seek clarification or ...