Resident taxpayers must report foreign assets in Schedule FA, disclose overseas income, and file Form 67 to claim Foreign Tax ...

Many taxpayers assume that long-term capital gains (LTCG) below the ₹1.25 lakh exemption limit need not be reported in their income tax return. Tax experts say that's a common misconception that could ...

Filing your income tax returns can be a tough task for first-time taxpayers and salaried individuals alike. Here's a stepwise ...

Taxpayers should still claim the TDS credit in their ITR even if it is missing from Form 26AS or AIS, say experts. The Income ...

Even if this deadline is missed, taxpayers still have an option to file an Updated Return (ITR-U) within 48 months ...

ITR filing may be digital and largely pre-filled, but taxpayers are still running into several roadblocks. I spoke to tax experts to find out where taxpayers are making the most mistakes this filing ...

Choosing the right income tax return form for AY 2026-27 depends on income sources. Individuals can now report two house ...

Last year, taxpayers were given extra time as the Income Tax Department released the ITR forms and filing utilities late, ...

ITR-1 is meant for resident individuals with a total income of up to Rs 50 lakh from salary, one house property and other ...

Before deciding to skip return for the AY 2026-27, retirees should consider the income tax slabs for senior citizens under ...