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For AY 2026-27 or earlier years, notices, appeals, reassessments and pending proceedings will generally continue to be governed by the Income-tax Act, 1961, including the applicable limitation periods and procedural timelines.

New Income-tax Act 2025: Will your pending income tax case continue under the old law? Explained

The applicable law will depend on the tax year to which the proceedings relate. Where the proceedings pertain to assessment…

July 9, 2026 18:54 IST

The record number of income tax returns filed well before the due date is a strong endorsement of India’s rapidly maturing digital tax ecosystem.

ITR filing for AY 2026-27: 1.6 crore returns filed, 1.52 crore verified ahead of July 31 deadline

As filing momentum continues, taxpayers should remain equally focused on accuracy by carefully reconciling disclosures with Form 26AS, AIS and…

July 9, 2026 14:31 IST

While the Union Budget generally receives greater attention, it is the notified ITR forms that ultimately determine the information taxpayers are required to furnish.

Claiming 80G deduction? Here’s the new ITR disclosure requirement for taxpayers

Where a taxpayer claims deduction under Section 80G, the prescribed reporting particulars should be completed accurately.

July 8, 2026 20:38 IST

ITR-1 is a simplified return form meant for eligible resident individuals having income from salary or pension, upto two house property, other sources and agricultural income within the prescribed limits.

Filing ITR-1? These 10 transactions may require you to switch to ITR-2 or ITR-3

Filing ITR-1 for AY 2026-27? These 10 financial transactions may make you ineligible and require you to file ITR-2 or…

July 8, 2026 17:36 IST

As you prepare your ITR for AY 2026-27, it's important to know which AIS entries genuinely increase your tax liability and which ones simply serve as a record of your financial activities.

ITR filing AY 2026-27: 10 transactions that appear in AIS but may not attract any tax

AIS shows many financial transactions, but not all are taxable. Learn about 10 common AIS entries that may not attract…

July 7, 2026 17:56 IST

The withdrawal of certain exemptions and deductions under the new regime could significantly alter the overall tax outgo.

Planning to move from the old tax regime to the new? Check these 10 salary components first

Taxpayers with relatively straightforward salary structures, minimal tax-saving investments, no housing loan, no HRA claim and limited deductions may generally…

July 6, 2026 19:17 IST

During review, the Income Tax Department may compare the deduction claimed in the return with the pre-filled data, employer records, bank statements, investment proofs, and other reporting sources.

ITR filing: The most common tax deduction claims that fail during income tax scrutiny

Avoid income tax scrutiny by claiming only eligible deductions backed by valid documents. Check which ITR claims are most frequently…

July 3, 2026 17:23 IST

Importantly, the receipt of a notice should not automatically be interpreted as an allegation of tax evasion. In many cases, it merely reflects a mismatch that requires clarification or correction.

Got a tax notice despite paying TDS? Here is what triggered it and what to do next

With increasing digital integration across government databases, preventive reconciliation before filing the return has become considerably more important than post-filing…

July 2, 2026 22:43 IST