Taxpayers who held unlisted equity shares at any time during the financial year must disclose them in their ITR, even if they ...
Once ITR is filed if Section 143 (1) intimation notice with tax demand is sent; respond to it within 30 days else you can be ...
Throwing away old tax records too soon can create real problems if you later receive a notice, need to file a revised or ...
An Updated Return (ITR-U) is a facility that allows taxpayers to file or update their income tax return after the normal, belated or revised return deadlines have expired.
Individuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, ...
With the July 31 deadline to file Income Tax Returns approaching, taxpayers should complete a few key checks before filing.
Resident taxpayers must report foreign assets in Schedule FA, disclose overseas income, and file Form 67 to claim Foreign Tax ...
A common issue arises when taxpayers log into the IT portal only in the final week of July. This is often when mismatches in ...
From a practical perspective, retirees should view ITR filing not merely as a statutory obligation but as an annual financial ...
ITR-1 is meant for resident individuals with a total income of up to Rs 50 lakh from salary, one house property and other ...
In India, intraday and F&O trading profits are taxed differently. Intraday trading is speculative business income, while F&O ...
Matching AIS and Form 26AS may not prevent a tax notice. Wrong income details, excess deductions, large transactions or TDS ...