Taxpayers must retain income tax documents for several years after filing returns. Digital copies are generally sufficient, ...

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

Choosing the right filing method can make the process smoother and help reduce errors. But what exactly is the difference between the online and offline utilities, and which one is better suited to ...

The shift is the result of a key relaxation in the eligibility rules for ITR-1 for AY 2026-27. Earlier, the presence of any capital gains however small pushed a taxpayer out of ITR-1 and into ITR-2.

Moving abroad does not end your tax obligations in India. From excess TDS and capital losses to property sales and future tax ...

ITR filing FY 2025-26: It’s that time of the year when you start gathering your important tax-related documents to file your income tax return (ITR). And while it’s always good to file your ITR on ...

Many taxpayers assume that filing an income tax return (ITR) is necessary only if they have taxable income or an income above the basic exemption limit. As a result, individuals with an annual salary ...

Know the eligibility, exclusions and key differences between ITR-1, ITR-2 and ITR-4 for AY 2026-27, including Section 139(9) and revised return ...

Resident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the ...

Explains Section 50AA taxation of specified Debt Mutual Funds acquired from 1 April 2023 and why broker Capital Gain Reports should be verified before ITR ...

According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs ...