Who Should Not File an ITR: Did you know that income up to ₹12 lakh can be exempt from ITR filing requirements? Furthermore, ...
Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...
The AIS reflects financial data available with the tax department, based on information received from third-party sources ...
The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under ...
Filing an Income Tax Return (ITR) has become much simpler in recent years, thanks to digital platforms and pre-filled forms.
The Central Board of Direct Taxes (CBDT) has introduced a major change in the revised ITR-4 by making investment disclosure ...
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To file ITR-4 for AY 2026-27, visit the Income Tax e-Filing Portal, verify details, enter income and deductions, validate the ...
With the rollout of the Income Tax Act, 2025 and new compliance rules, key changes have been introduced to ITR deadlines, along with an expanded scope for updated returns (ITR-U) and tighter PAN ...
Confused about income-tax notices? Learn why they’re issued, common triggers, and how to file your ITR correctly to avoid ...
Purpose / when used Filed after missing the original due date (late filing). Filed to correct an error/omission in an already-filed return (original or belated). Filed to voluntarily disclose missed ...
The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial.