ITR Filing
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The ITR filing deadline for AY 2026-27 is on July 31, 2026 for taxpayers filing ITR-1 and ITR-2.
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Deepesh Chheda, Partner, Dhruva Advisors in a candid conversation with Zee News shared some pertinent questions regarding the reporting changes and compliance requirements for AY 2026-27 (FY 2025-26). Excerpts...
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Before filing the IT return, taxpayers should reconcile AIS entries with their financial records and assess their taxability in accordance with the Income Tax Act.
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Here are some of the key cash transaction limits under the Income Tax Act 2025 that every taxpayer should be aware of.
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Annual Information Statement displays a comprehensive view of information to the taxpayer before filing the return of income.
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Form 168, notified under Rule 245 of the Income Tax Rules, 2026, is a comprehensive annual tax information statement reflecting all tax-related and specified financial transactions linked to a taxpayer’s PAN.
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Here's a look at the ITR filing deadline which is not July 31 for several types of taxpayers.
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Form 168, notified under Rule 245 of the Income Tax Rules, 2026, is a comprehensive annual tax information statement reflecting all tax-related and specified financial transactions linked to a taxpayer’s PAN.
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The Income Tax Return (ITR) for FY 2025-26 must be filed by July .
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Taxpayers should note that for FY 2025-26, the ITR forms will be notified under the Income Tax Act, 1961. Whereas the filings for FY 2026-27 will be introduced under the Income Tax Act, 2025, next year. It will be a transitional phase under India’s new tax year system starting from 1 April 2026.
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The AI chatbot, Kar Saathi, is expected to provide round-the-clock assistance to taxpayers via the department’s website.
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In a post on X social media platform, the tax department said it has received reports from taxpayers about inaccurate information included in the communications and acknowledged the error.
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Income other than salaries, such as rent, capital gains, business, etc is subject to advance tax. Instead of being paid in full at the end of the fiscal year, it is paid in installments throughout the year.
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Tax advisory platform TaxBuddy has shared a post on X regarding the modus operandi of the Tax refund scam.
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In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are staggered ITR filing deadlines and additional time to revise returns.
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With the discontinuance of the use of the term ‘assessment year’ in the Income-tax Bill, now the term ‘tax year’ will now be used in relation to the rate or rates of income-tax also.
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The incidence comes as an unexpected surprise to many taxpayers since many of them had not received any notice or were unaware of the assessment orders at the time.
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As2025 comes to an end, it is your final opportunity to fulfill outstanding financial obligations. Check key deadlines ending on 31st December.
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CBDT has advised all eligible taxpayers to utilise this opportunity to ensure complete compliance with statutory reporting requirements.
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A viral post is has claimed that from 1st April next year, I-T department can gain access to your digital platforms including your social media, emails.
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As per income tax rules, if there is an error or any omission is found in Intimation, people won't be able to file Revised ITR after December 31 deadline. In such an instance, the only option left for the tax filer is to file ITR-U.
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The Tax Department in a post on X has acknowledged that some references have come to the notice of the Income Tax Department regarding recent communication sent to taxpayers pertaining to transaction(s) made by them.
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