New ITR forms for AY 2026-27 require investors to disclose NBFC, HFC and corporate fixed deposit interest under Schedule OS.

An Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax ...

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The updated ITR forms include dedicated sections aligned with presumptive taxation rules under Sections 44B, 44BB, 44BBA, ...

In India, asset transfers are subject to capital gains tax in the year of transfer, with mandatory reporting in ITR-2 or ...

New ITR rules for AY 2026–27 require NBFC and HFC interest income to be clearly reported under Schedule OS with stricter ...

ITR Filing: Salaried taxpayers will be able to file their taxes once they receive their Form 16 by 15 June, 2026. As we enter ...

The Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool ...

The Finance Ministry has officially notified the Income Tax Return (ITR) forms for Assessment Year 2026-27. With the July 31 deadline set, the new forms incorporate key shifts under the Income-tax Act ...

Booming APA statistics reflect the growing credibility of India’s TP framework and the country’s shift toward a tax certainty ...

If your income is low and your taxes come to zero, you might think filing an ITR is not needed. But skipping it could mean missing out on some useful benefits that go beyond just paying tax.