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Selecting an incorrect form may result in your return being treated as defective or invalid, leading to notices from the Income Tax Department and delays in processing refunds.

Filed your ITR with the wrong form? Here’s how to fix it before it’s too late

Once an intimation under Section 143(1) has been issued, the taxpayer must check whether the intimation is only a processing…

June 26, 2026 19:10 IST

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

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 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

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

Traded in F&O during FY26? New ITR-3 columns can land you in trouble if left blank

Traded in Futures and Options during FY26? Missing these new ITR-3 details could be costly

If you traded in Futures & Options (F&O) during FY26, pay attention before filing your ITR. The revised ITR-3 form…

June 17, 2026 14:30 IST

ITR Filing AY 2026-27: How to Correctly Disclose Capital Gains and Avoid Section 234C Penalties

Filing ITR? Ensure you have paid advance tax on capital gains

Incorrect quarterly allocation of capital gains may attract penalties

Updated: June 16, 2026 12:38 IST

The taxpayer should keep investment proof handy with them before claiming in the ITR instead of relying on the pre-filled data to avoid scrutiny.

ITR filing AY 2026-27: 10 things taxpayers should cross-check in the pre-filled ITR

Hence, here are the 10 entries that taxpayers must cross-check in their pre-filed ITR forms to avoid mismatches and potential…

June 11, 2026 18:03 IST

If LTA is not claimed in a block of four years, one journey can be carried forward to the next block.

ITR filing 2026: How HRA, LTA, and other salary perks can help employees save up to Rs 2 lakh in tax?

Failure to provide proper documents to the employer results in a higher deduction of tax, and claim of HRA not…

June 9, 2026 20:10 IST

As the tax filing season arrives, knowing which regime leads to a lower tax outgo at different income levels can help them figure out a smart decision before filing their ITR for FY26.

Senior citizens’ tax planning: Which regime works best for Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh annual income?

Across the Rs 15 to 25 lakh income range, the New Tax Regime (NTR) emerges as a suitable option for…

June 8, 2026 18:23 IST

While the guidelines target specific categories of cases, taxpayers falling within these parameters should ensure that their tax records, supporting documents and exemption claims are properly maintained.

ITR scrutiny rules changed? Here’s who can face mandatory income tax scrutiny in FY 2026-27

The CBDT has issued fresh guidelines for compulsory scrutiny of Income Tax Returns (ITRs) in FY 2026-27. The new norms…

June 8, 2026 17:52 IST

Joint property, single payer: Can both husband and wife claim LTCG tax benefits on sale?

ITR Filing AY 2026-27: Can both husband and wife save LTCG tax on a jointly owned property?

Many couples buy homes in joint names, but often only one spouse pays the purchase cost. When the property is…

June 3, 2026 14:06 IST

How to carry forward stock market losses in ITR filing AY 2026-27?

If your stock market portfolio ended FY 2025-26 in the red, the losses may not be entirely bad news. During…

May 27, 2026 19:58 IST

In Budget 2025, the Centre gave a much-needed relief to the taxpayers by freeing income up to Rs 12.75 lakh from income tax, resulting in significant savings in tax for middle-class taxpayers.

How to maximise tax savings under the new tax regime: 5 practical ways

Ever since the new tax regime was introduced in FY 2020-21, many salaried taxpayers have one common complaint that they…

May 27, 2026 13:45 IST

ITR filing AY 2026-27: Salaried taxpayers can use any of these 4 income tax return forms

Selecting the appropriate Income Tax Return (“ITR”) form is a crucial step in ensuring accurate tax compliance. Filing an incorrect…

May 26, 2026 20:28 IST

ITR filing AY 2026-27: 10 key changes that make this year’s tax return filing different from last year

Here are 10 major changes that have taken place in terms of the ITR filing process and forms.

May 26, 2026 13:35 IST

Don't have Form 16? Salaried employees can still file ITR for AY 2026-27 using these documents

ITR without Form 16: Documents salaried employees need to file tax return for AY 2026-27

Even without Form 16, there is no reason why one cannot successfully file their ITR. One will need some documentation…

May 25, 2026 20:19 IST

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