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Resident and Ordinarily Resident (ROR) taxpayers who are required to file an income tax return must disclose their foreign assets and income in the applicable ITR for the relevant financial year by the due date 31st July 2026.

ITR filing: Holding overseas investments? Here’s what you need to disclose

Depending upon the facts, authorities may initiate proceedings under the Income-tax Act as well as the Black Money Act, which…

June 26, 2026 15:08 IST

The taxpayer can file an ITR after receiving the authorisation notice for a condonation request from the income tax authority based on certain conditions only.

Can you still claim a tax refund if you missed filing your FY 2024-25 ITR?

While the underlying refund mechanism does not change, taxpayers filing belated returns should expect certain practical differences.

June 26, 2026 14:07 IST

Taxpayers can file their Income Tax Return (ITR) online on the Income Tax Department's e-filing portal. Most of the information is pre-filled from sources such as Form 26AS, Annual Information Statement (AIS), and Taxpayer Information Summary (TIS).

ITR online vs offline utility: What’s the difference and which one should you use?

Choosing the right filing method can make the process smoother and help reduce errors. But what exactly is the difference…

June 25, 2026 15:56 IST

The Income Tax Department (ITD) today relies extensively on data analytics and third-party reporting to validate claims of exempt income.

Nil tax on these earnings: Types of income that are tax-free in India

Taxpayers should maintain documentation that clearly establishes both the source of the income and the legal basis for claiming exemption.

June 25, 2026 12:54 IST

There has been a significant shift in the taxation structure for debt instruments pre and post April 1, 2023. Earlier instruments held for more than 36 months were taxed as long-term capital gains (20% base rate) with the benefit of indexation.

Bought debt funds before April 2023? Here’s how your gains will be taxed now

It is important to note that the old regime has been grandfathered, which means that it is still applicable for…

June 24, 2026 19:12 IST

If an employee has worked for two employers during the same financial year, salary income from both employers must be combined and reported in the ITR.

Worked for two employers last year? This common ITR mistake could trigger a tax notice

Deductions and exemptions should be claimed only once for the full year, not separately with each employer.

June 24, 2026 16:10 IST

There are various criteria that make filing of tax returns mandatory, and missing or miscalculating on any of these could result in the taxpayer not filing their return.

ITR filing not mandatory for everyone: Who can skip filing a tax return?

If one incorrectly assumes that filing is not required, then one would be liable to face interest for delay in…

June 24, 2026 13:14 IST

ITR filing AY 2026-27: How salaried individuals can file returns without a CA?

A smooth ITR filing experience begins with preparation. Taxpayers should ensure these things and keep certain documents and information handy,…

June 23, 2026 19:04 IST

Employer deducted TDS, yet you received an Income Tax notice? Here's why

Salary was your only income, yet you received an Income Tax notice? Here’s why

Think your tax worries end once your employer deducts TDS? Not always. Even salaried taxpayers whose only source of income…

June 23, 2026 17:55 IST

Taxpayers often make procedural and computational errors while claiming relief under Section 89 of the ITA 1961 (corresponding to Section 157 of the ITA 2025), which can lead to the denial of the benefit.

Received gratuity, leave encashment or salary arrears? One tax mistake could prove costly

To claim such relief, the taxpayer is required to file Form 39 (previously Form 10E) electronically on the income-tax e-filing…

June 23, 2026 17:10 IST

Based on the structure of recent ITR forms, NPS deductions can be claimed in all commonly used return forms, including ITR-1, ITR-2, ITR-3 and ITR-4, subject to the taxpayer’s eligibility.

NPS tax benefits in FY 2026-27: Deductions available under old and new tax regimes

For taxpayers opting for the old tax regime, NPS remains one of the instruments that allows deductions beyond the standard…

June 22, 2026 13:54 IST

Landlords can claim municipal taxes actually paid, a flat 30% standard deduction for repairs and maintenance, interest on housing loans and pre-construction interest in instalments over five years.

Only rental income? You may still need to file ITR. Here is what the tax rules say

Deductions like municipal taxes and the 30% standard deduction (for let-out property) are available under both old and new regimes.

June 19, 2026 17:23 IST

The investigation revealed a timing gap. When Shreesh filed his return, the income tax portal's automated data was incomplete because his freelance clients had filed their quarterly returns late.

Taxpayer relied on prefilled tax data, filed ITR on time, and still got a tax notice: What went wrong?

A Bengaluru software engineer filed his ITR using the prefilled data available on the income tax portal and met the…

June 18, 2026 20:10 IST

Other indicators include income as a partner in a partnership firm, particularly where audit or transfer pricing provisions apply, and the reporting of international transactions requiring a report under Section 92E.

Your ITR filing due date is not July 31 if you have these incomes

One of the key indicators is the presence of business or professional income in AIS or Form 26AS. If the…

June 18, 2026 18:56 IST

If the return loses its validity after the due date for filing, the taxpayer may have to rely on the belated return provisions, subject to the applicable timelines.

Filed your ITR already? Check these 5 things before e-verification

Many taxpayers focus only on completing the filing process and fail to notice errors in tax computation. Once e-verified, correcting…

June 18, 2026 15:57 IST

AIS and Form 26AS serve as important reconciliation tools before filing the return. While Form 26AS contains details of taxes deducted or collected, AIS provides a broader summary of financial transactions and income reported by various entities.

ITR filing: 10 incomes that may not appear in Form 16 but must be reported in your tax return

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS).…

June 18, 2026 13:12 IST

Missing the applicable due date does not necessarily prevent a taxpayer from filing a return. A belated return can generally be filed until December 31, 2026.

‘AY 2026-27 ITR due dates’ surges on Google Trends: Key filing deadlines every taxpayer should know

Filing the return within the prescribed due date remains the best way to avoid unnecessary costs and compliance hassles.

June 17, 2026 19:13 IST

Ignoring the mismatch can result in reduced TDS credit, leading to additional tax liability, interest, or notices from the tax department. It could also delay refunds and trigger scrutiny in some cases.

ITR filing: What happens if Form 16 and Form 26AS show different TDS figures?

Taxpayers should rely primarily on Form 26AS and AIS, as these reflect TDS entries reported and processed by the tax…

June 17, 2026 16:43 IST

Page 2 of Income Tax Return 2026-27

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