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

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

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 ...

Individuals eligible for presumptive taxation can file ITR-4 online. The due date for filing ITR-4 varies based on tax audit ...

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

Filing your Income Tax Return is only half the job. Taxpayers must e-verify their ITR within the prescribed deadline, or the ...

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

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

From choosing the wrong ITR form to skipping e-verification, taxpayers should watch out for these common errors to avoid defective returns, delayed refunds and scrutiny.

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 ...

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