Long-term capital gains (LTCG) of up to ₹1.25 lakh on listed shares and equity mutual funds may be exempt from tax, but that doesn't mean you can leave them out of your Income Tax Return (ITR). Tax ...

Know what the new 'Receipts Not in the Nature of Income' field means, who should use it, and whether it affects your tax ...

The article introduces an offline tax computation tool that calculates tax under both the old and new tax regimes, helping taxpayers choose the more beneficial option for FY ...

July marks the beginning of one of the busiest periods in India's tax calendar. For millions of taxpayers, the next few ...

The new income tax form initially lacked a section for certain tax exempt receipts. Now, it includes an additional dropdown ...

The Income Tax Department confirms taxpayers won't need to file two returns for FY 2025-26, as the existing filing process under Assessment Year 2026-27 remains unchanged.

The new Income-tax Act has changed the way taxpayers talk about return filing, replacing "Assessment Year" with "Tax Year". But does that mean you'll have to file two ITRs? Here's what the tax ...

A zero-tax Form 16 does not always mean you can skip filing your Income Tax Return. Taxpayers may still need to file ITR due to income thresholds, foreign assets, or high-value transactions. Filing ...

Important ITR, TDS, TCS and Tax Filing Deadlines. The Income Tax Department has scheduled key compliance dates on July 7, ...

Supreme Court sets new ITR guidelines for motor accident compensation. Salaried individuals use latest ITR, self-employed ...