Taxpayers must file accurate income tax returns using the correct ITR form to avoid being flagged for defects. The e-filing ...

Because there are some financial transactions that could make you ineligible to file ITR-1 and require you to switch to ITR-2 or even ITR-3. Filing the wrong return form can delay ...

There are a total of seven income tax return filing forms and each year there are changes in some of these forms, so it’s important to be informed if your ITR form for a financial year is different ...

Individuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for submission. The e-filing portal requires filling specific schedules before ...

Explore the evolving complexities of India's ITR-1 and ITR-2 tax forms as filing becomes easier or harder for individuals.

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

Salaried individuals, pensioners, and students must select the appropriate ITR form for AY 2026-2027. Taxpayers not requiring an audit can use ITR-1, ITR-2, or ITR-3 for their filings. The due date ...

A foreign retirement account is treated as a foreign asset. Even if it earned no income during the financial year, taxpayers ...

In a conversation on Zee Business, tax experts Sunil Garg and Vimal Jain explained key changes taxpayers need to know before filing their returns for Assessment Year (AY) 2026-27 ad which ITR filing ...

The amount received under an eligible Voluntary Retirement Scheme (VRS) is treated as salary income since it falls within the scope of 'profits in lieu of salary' under section 17(3) of the Income-Tax ...