Income Tax Return

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Sujets associésincome tax tax compliance ITR filing AIS tax refund AY 2026-2027 Form 26AS Annual Information Statement

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Understanding Section 143(1) Intimation: Your Income Tax Return Processing Notice

After filing an Income Tax Return (ITR), taxpayers may receive a Section 143(1) intimation notice from the Income Tax Department, confirming preliminary processing and detailing any adjustments. This notice compares taxpayer-reported figures with the department's computation, potentially indicating a refund, demand, or acceptance without changes. A 30-day response is crucial for any discrepancies.

Economic Times

5 min de lecture

Last-Minute Tax Filing Tips as April 18 Deadline Approaches

Urgent

Finance·il y a 3 joursRésumé IA

Last-Minute Tax Filing Tips as April 18 Deadline Approaches

With the IRS tax filing deadline of April 18 approaching, last-minute tips include checking for disaster area extensions, military combat zone extensions, and eligibility for free filing. Organizing documents, reporting all income, and avoiding mistakes in returns are crucial. Filing for an extension (Form 4868) is possible but does not extend payment deadlines, incurring interest and penalties on unpaid 2022 taxes.

CNN World

5 min de lecture

New Income Tax Return Forms for AY 2026-2027 Introduce Major Reporting Changes

En développement

Politique·13/07/2026Résumé IA

New Income Tax Return Forms for AY 2026-2027 Introduce Major Reporting Changes

New Income Tax Return forms for AY 2026-2027 mandate reporting of futures and options trading turnover and income, disallowance of MSME interest, and additional details for partners in firms. These changes aim to boost transparency and compliance.

Income Tax Return Filing: Key Guidelines for AY 2026-2027

Salaried individuals, pensioners, and students must choose the correct ITR form for AY 2026-2027. Non-audit filers can use ITR-1, ITR-2, or ITR-3. The deadline is July 31, 2027. Certain transactions require filing even below exemption limits.

Economic Times

Income Tax Return Filing Guidelines for AY 2026-2027

Politique

10/07/2026Résumé IA

Income Tax Return Filing Guidelines for AY 2026-2027

Salaried individuals, pensioners, and students must choose the correct ITR form for AY 2026-2027. Non-audit filers can use ITR-1, ITR-2, or ITR-3. The deadline is July 31, 2027. Some transactions require filing even below exemption limits.

Economic Times

1 min de lecture

10 Key Steps for Filing Your Income Tax Return (ITR) for FY 2025-26

En développement

Business·08/07/2026Résumé IA

10 Key Steps for Filing Your Income Tax Return (ITR) for FY 2025-26

Taxpayers are advised to gather documents, verify income details, and choose the correct tax regime and ITR form for FY 2025-26. Key steps include checking AIS and Form 26AS, verifying pre-filled data, claiming deductions correctly, and e-verifying the return before the due date to avoid penalties.

Economic Times

3 min de lecture

Guide to Filing Income Tax Return (ITR) 2 for Individuals and HUFs

En développement

Business·08/07/2026Résumé IA

Guide to Filing Income Tax Return (ITR) 2 for Individuals and HUFs

This guide details how individuals and HUFs not eligible for ITR-1 can file ITR-2 online. It outlines necessary documents, submission steps, and the e-verification process, emphasizing the July 31, 2026 deadline for Tax Year 2025-26.

Why Filing Income Tax Returns Regularly is Crucial Beyond Tax Season

Consistently filing Income Tax Returns (ITRs) creates a verifiable financial document valuable for loan applications, visa and study abroad processes, and tenancy or business evaluations. Experts advise maintaining complete tax records for at least eight years.

Economic Times

5 min de lecture

ITR Filing FY 2025-26: Common Mistakes Taxpayers Should Avoid

En développement

Business·06/07/2026Résumé IA

ITR Filing FY 2025-26: Common Mistakes Taxpayers Should Avoid

Taxpayers are advised to exercise caution during ITR filing for FY 2025-26. Common errors include selecting the wrong ITR form, misjudging tax regimes, over-reliance on pre-filled data, and failing to reconcile crucial forms like AIS and Form 26AS. Accurate reporting of all income sources, capital gains, and foreign assets is essential to avoid notices and delays.

8 Reasons Why Filing Your Income Tax Return (ITR) is Crucial

Filing an Income Tax Return (ITR) offers benefits beyond tax payment, including claiming refunds, carrying forward losses, and improving loan and visa applications. It can also be mandatory even below taxable limits under certain conditions, and helps build a strong financial record.

Supreme Court: Different Methods for Calculating Compensation in Road Accidents

The Supreme Court has ruled that different methods should be used to calculate compensation in road accident cases, distinguishing between salaried and self-employed individuals. For salaried persons, income tax returns from the previous year will be considered, while for the self-employed, an average of the last three years' ITRs will be used.

Times of India

Income Tax Return Filing Deadline Approaches with New Rules and Forms

En développement

Business·22/06/2026Résumé IA

Income Tax Return Filing Deadline Approaches with New Rules and Forms

The deadline for filing income tax returns for FY2025-26 is approaching, with new rules and forms in effect. ITR 3 and ITR 4 now have a staggered deadline of August 31st. Changes include updated disclosure requirements for Futures & Options trading and revised capital gains tax reporting.

Income Tax Return Filing: When is it Mandatory?

Filing an Income Tax Return (ITR) is generally not mandatory if total income is below exemption limits and losses from equity or mutual funds are not carried forward. However, reporting is required for long-term capital gains from listed equities, even if below Rs 1.25 lakh, and for losses from Future and Options (F&O).

Economic Times

3 min de lecture

ITR Filing FY 2025-26: Key Tax Documents and Error Resolution

Urgent

Business·11/06/2026Résumé IA

ITR Filing FY 2025-26: Key Tax Documents and Error Resolution

Salaried taxpayers must cross-check Form 26AS and AIS before filing ITR for FY 2025-26. These consolidated tax statements detail TDS/TCS. Discrepancies can lead to tax demands. Errors should be reported to the deductor or via the e-filing portal.

Times of India

2 min de lecture

9 Key Checks for Filing Accurate Income Tax Returns for AY 2026-27

Urgent

Law·11/06/2026Résumé IA

9 Key Checks for Filing Accurate Income Tax Returns for AY 2026-27

With India's tax administration becoming data-driven, taxpayers must file accurate Income Tax Returns (ITRs) for AY 2026-27. Key checks include selecting the correct ITR form, reconciling AIS data, reporting all income and exempt income, claiming eligible deductions, validating bank details, reviewing the return, filing by the due date, and completing verification within 30 days.

Economic Times

9 min de lecture

Delay Filing Income Tax Returns Until After June 15 for AY 2026-2027

En développement

Business·03/06/2026Résumé IA

Delay Filing Income Tax Returns Until After June 15 for AY 2026-2027

Taxpayers are advised to delay filing Income Tax Returns for AY 2026-2027 until after June 15th to ensure accurate data in the Annual Information Statement (AIS) and receive Form 16. Filing prematurely may lead to discrepancies and tax notices.

Economic Times

2 min de lecture

5 Key Benefits of Filing Income Tax Returns Beyond Tax Payment

En développement

Business·02/06/2026Résumé IA

5 Key Benefits of Filing Income Tax Returns Beyond Tax Payment

Filing Income Tax Returns (ITR) offers significant advantages beyond tax compliance. It serves as a crucial financial record for loan approvals, enables claiming tax refunds for excess payments, acts as official proof of income, allows carrying forward losses to reduce future tax liabilities, and is often required for visa applications.

Why You Shouldn't Rush to File Your Income Tax Return Before June 15

Taxpayers are advised not to rush filing their Income Tax Returns (ITR) for FY 2025-26 before June 15, despite the utility being available. Key tax documents like Form 16 and TDS statements may not be fully updated until then, potentially leading to data mismatches and other issues.

Times of India

5 min de lecture

File Income Tax Returns Accurately, Not Just Early: Experts Advise

En développement

Finance·22/05/2026Résumé IA

File Income Tax Returns Accurately, Not Just Early: Experts Advise

With ITR filing utilities now available, taxpayers are advised to wait for complete data reconciliation before filing. Incomplete AIS, pending TDS filings, and delayed financial reporting can lead to mismatches and notices, making accuracy more crucial than speed.

ITR filing: What are the nuances of new income tax return forms?

A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic salaried taxpayers, and individual investors

Times of India