For salaried taxpayers, Form 26AS has become an important part of the income tax return filing process. Before you e-file ...

Filing the income tax return is only half the battle. After submission, you have 30 days to e-verify your return.

Choosing based on guesswork rather than clear criteria regarding income caps, asset types, and business ownership remains one ...

The introduction of India's new Income Tax framework from April 1, 2026, has created confusion among many taxpayers regarding ...

If one incorrectly assumes that filing is not required, then one would be liable to face interest for delay in filing ITR and ...

Taxpayers should ensure that exempt incomes are reported under the appropriate heads even where no tax is payable.

Tax authorities have identified thousands of cases in which taxpayers allegedly altered deductions or exemptions when ...

Indian residents holding eligible retirement accounts in the US, UK and Canada can align the timing of taxation in India with the foreign country by filing Form 40 before the ITR deadline.

Taxpayers should maintain documentation that clearly establishes both the source of the income and the legal basis for ...

Income-tax returns: NRIs are subject to income-tax in India depending on their residential status. Here's a look at the applicable tax slabs, surcharge rate, rebate, and marginal relief that they can ...

Remember that non-filing carries costs beyond penalties. You forfeit the TCS credit and leave an unexplained AIS footprint ...

Those liable to paying taxes in India, the knowledge of basic financial terms is must. The same is true of those planning to ...