The Income Tax Department has enabled online filing and the Excel utility for ITR-2 for AY 2026-27, allowing eligible ...

First-time ITR filing can be complex due to multiple forms and compliance rules. Taxpayers must verify income details, choose ...

Belated Return (Section 139(4)): Filed when the original deadline is missed. This usually incurs a penalty under Section 234F plus applicable interest. Revised Return (Section 139(5)): Used to fix ...

AI Quick Read Lakhs of Indian investors who earned interest from NBFC or HFC fixed deposits and debentures in FY 2025-26 must now declare that income in a specific, newly defined field in their income ...

Miss a tax deadline and you could end up paying more than you owe. For FY 2025–26 (AY 2026–27), the Income Tax Return filing calendar looks different from previous years, and knowing which deadline ...

Did our AI summary help? Choosing the correct Income Tax Return (ITR) form is a crucial part of the tax filing process. Taxpayers should select the appropriate form based on factors such as their ...

Filing an Income Tax Return (ITR) every year can be a tedious task especially for elderly taxpayers who depend mainly on pension and interest income. Recognising this challenge, the government has ...