Income Tax : ITR filing may be compulsory even below the exemption limit if specified high-value transactions or prescribed conditions under Se...
Income Tax : Learn the most frequent errors taxpayers make while filing Income Tax Returns for AY 2026-27 and how avoiding them can prevent not...
Income Tax : Filing an Income Tax Return offers benefits beyond tax compliance, including easier loans, TDS refunds, visa processing, and finan...
Income Tax : This article explains the key situations where filing an Income Tax Return is compulsory, even if income is below the basic exempt...
Income Tax : Learn how F&O, intraday, and delivery-based share losses should be reported in the income tax return. The guide explains ITR selec...
CA, CS, CMA : Chandigarh Chartered Accountants Taxation Association has requested CBDT to immediately release pending ITR e-filing utilities for...
Income Tax : KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that pending utilities ar...
CA, CS, CMA : The Court found CBDT failed to follow its 2015 directive on timely ITR utility release. It ordered an affidavit with corrective st...
Income Tax : Bogus Donation Claims Detected—Opportunity Given to Fix Returns: Analytics spotted questionable donation deductions and other ex...
Income Tax : West Bengal’s ITR filings rose to 52.99 lakh in AY 2024-25, with significant increases in middle- and higher-income brackets. Th...
Income Tax : The Bombay High Court held that reassessment beyond four years was invalid because the assessee had fully and truly disclosed all ...
Income Tax : Madras High Court condoned delay in filing an income tax return by a co-operative society, holding that small farmer-members shoul...
Income Tax : The Court emphasized that procedural defaults should not override substantive tax benefits where genuine hardship exists. It direc...
Income Tax : The Tribunal accepted that the taxpayer was pursuing rectification remedies and therefore condoned the delay in filing the appeal....
Corporate Law : The Calcutta High Court held that Income Tax Returns filed prior to the victim’s death could not be viewed with suspicion while ...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Income Tax : CBDT corrected multiple clerical and structural errors across income tax return schedules. The changes ensure accurate reporting a...
Income Tax : The corrigendum fixes an incorrect aggregation formula in Schedule CG and wrong cross-references in Schedule UD. It ensures accura...
Income Tax : The corrigendum addresses formatting and reference errors in Schedule CG and Schedule OS. It clarifies reporting fields without al...
The article introduces an offline tax computation tool that calculates tax under both the old and new tax regimes, helping taxpayers choose the more beneficial option for FY 2025-26.
ITR filing may be compulsory even below the exemption limit if specified high-value transactions or prescribed conditions under Section 139(1) are met.
Learn the most frequent errors taxpayers make while filing Income Tax Returns for AY 2026-27 and how avoiding them can prevent notices, penalties, and refund delays.
Filing an Income Tax Return offers benefits beyond tax compliance, including easier loans, TDS refunds, visa processing, and financial credibility. Timely filing also helps avoid penalties and preserve important tax benefits.
This article explains the key situations where filing an Income Tax Return is compulsory, even if income is below the basic exemption limit. It also highlights important thresholds relating to foreign assets, bank deposits, business income, and tax refunds.
Learn how F&O, intraday, and delivery-based share losses should be reported in the income tax return. The guide explains ITR selection, tax audit applicability, turnover calculation, and carry-forward of losses.
The article explains how JioFinance simplifies revised and belated ITR filing through guided steps, tax planning tools, and tracking features. It highlights how taxpayers can reduce errors and complete filings before the deadline.
This FAQ guide explains the applicability of ITR forms, filing methods, due dates, penalties, and taxpayer obligations for AY 2026-27. It also clarifies revised, belated, and updated return provisions to help ensure accurate compliance.
Learn the important FAQs for filing Income-tax Returns for AY 2026-27, including disclosures relating to foreign assets, capital gains, directors, and unlisted shares. The guidance clarifies mandatory reporting requirements to ensure accurate and compliant ITR filing.
AI can simplify tax work but cannot replace professional judgment in income tax filing. The article explains why human review remains essential for accurate and compliant ITRs.
