The Income Tax Department has released updated Income Tax Return (ITR) forms for Assessment Year 2026-27 (Financial Year 2025 ...

The Income Tax Department has revised ITR forms for 2026-27 to enhance transparency and simplify the tax filing process. Here ...

Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...

Taxpayers should be aware of the necessary documentation and deadlines for filing ITR. For FY2025-2026, the deadline is 31 ...

The government has revamped ITR-1 to ITR-4 forms, simplifying capital gains reporting while expanding disclosures on property, donations, investments, political contributions and businesses.

Avoid common AY 2026-27 ITR filing errors, including deadline confusion, capital gains mistakes, AIS mismatches, and missed ...

There is also exposure to penalties for under-reporting or misreporting, and in some cases, even the use of the presumptive scheme itself could be questioned.

The latest revision in ITR-4 for assessment year 2026–27 sharpens the existing compliance norms. The financial particulars of ...

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 ...

Incorrect income reporting can lead to penalties under the Income Tax Act, 2025 with fines up to 200%. Taxpayers can avoid such steep penalties by voluntarily disclosing errors and paying required ...

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic ...