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Missing the original income tax return deadline does not automatically mean that a taxpayer loses a TDS refund. For FY 2025–26 (AY 2026–27), eligible taxpayers can generally file a…

Business & Economy
A 57-year-old NRI woman declared total income of Rs 43,796 in her ITR for Assessment Year 2020-21 but did not report interest income of Rs 1…

Business & Economy
The Income-tax Act, 2025, introduces several reforms for Assessment Year (AY) 2026-27 aimed at simplifying tax compliance and reducing the b…
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Politics
The Income Tax Department has enabled filing of ITR-1 (Sahaj) for Assessment Year (AY) 2026-27. Eligible taxpayers can file their income tax…

Business & Economy
The Annual Information Statement (AIS) is an important document available on the Income Tax Department's e-filing portal that summarizes you…
Business & Economy
The Income Tax Department may issue scrutiny notices under Section 143(2) of the Income-tax Act to selected taxpayers by June 30, 2026. Such…

Health & Lifestyle
As the Income Tax Return (ITR) filing season for Assessment Year (AY) 2026–27 gets underway, taxpayers are advised to carefully verify their…