The income tax return (ITR) filing season for Assessment Year 2025-26 is now open. Every taxpayer, including salaried individuals, must file their returns using one of the seven ITR forms available ...
ITR 2025 new rules: The Income Tax Department has introduced new rules under ITR 2025 for social media influencers, F&O traders, and other digital earners, requiring them to use updated profession ...
Income Tax Department updates ITR forms for AY 2026-27, expanding disclosures for salaried taxpayers, traders and small ...
The broader message from the revised ITR-3 framework is tax reporting is becoming more data-linked, automated, and ...
Four key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, introduced in the Finance Bill, 2026, aim to enhance efficiency ...
The Income Tax Department has revised ITR forms for FY26, introducing new disclosure rules for LTCG, F&O trading, buyback ...
A crucial distinction lies between the Assessment Year (AY) 2026–27 and the tax year 2026–27. Returns to be filed by July 31, 2026 (for non-audit cases) will still be governed by the existing Income ...
Asset transfers in India, including sales, exchanges, or gifts, are generally treated as capital gains and are taxable in the year of transfer. Reporting is mandatory in ITR-2 or ITR-3, depending on ...
Experts say the new FY26 income tax forms aim to make tax reporting more data-driven while tightening checks on mismatches ...
Rebate under Section 87A reduces tax for low to middle-income earners, with different income limits applicable under the old tax regime and the new regime. Check details for eligibility, limits and ...
The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...
Did our AI summary help? The government has notified income tax return forms (ITR-1 to ITR-7) for the Assessment Year (AY) 2026–27. This means individuals, pensioners, professionals and other ...