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

Taxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable ...

The Income Tax Department has released the ITR-7 Excel utility for AY 2026-27, enabling eligible trusts, political parties, ...

ITR-1 is generally filed by salaried individuals or pensioners, while ITR-4 is meant for individuals earning income from ...

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant ...

Matching AIS and Form 26AS may not prevent a tax notice. Wrong income details, excess deductions, large transactions or TDS ...

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

Form 168, notified under Rule 245 of the Income Tax Rules, 2026, is a comprehensive annual tax information statement reflecting all tax-related and specified financial transactions linked to a ...

The ITR forms for AY 2026-27 require taxpayers to disclose all Indian bank accounts held during FY 2025-26, except officially ...

If you want to carry forward your losses from mutual funds, shares, or property sales, then you need to file ITR before the deadline. This will help you reduce future tax liability. Thinking of filing ...

Form 168, notified under Rule 245 of the Income Tax Rules, 2026, is a comprehensive annual tax information statement reflecting all tax-related and specified financial transactions linked to a ...

Iran-backed Yemeni group, the Houthis, have threatened a maritime blockade on Saudi Arabia. What this essentially means is that Saudi Arabia’s crude oil exports are set to be hit. And India which gets ...