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 ...

Notices are increasingly triggered by AIS/TIS mismatches and automated systems. Accurate reporting and reconciliation are key to avoiding ...

Learn how Form 121 helps eligible taxpayers stop TDS on bank interest. The key is ensuring your estimated tax liability is nil and conditions are ...

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The Income Tax Department has launched the new TRACES 2.0 portal, replacing the old system with an upgraded, user-friendly ...

The income tax filing framework is ready for a structural shift, starting April 1, 2026, with several commonly used forms being assigned new identification numbers. The move comes in line with the ...

The new Income Tax (I-T) Act is set to come into force from 1 April 2026, and the Central Board of Direct Taxes (CBDT) has already released the draft Income Tax Rules along with the proposed forms.

A property seller successfully claimed a Rs 21 lakh TDS credit at ITAT Delhi after the buyer mistakenly deposited it in the ...

The Centre has notified all income tax return (ITR) forms for the assessment year (AY) 2026-27, according to a PTI report. This allows businesses, individuals, and other entities to start filing their ...

Treasury Secretary Scott Bessent told workers to update their paycheck withholding. But mistakes could trigger a tax bill ...

If you are used to hearing names like Form 16 and Form 26AS every tax season, a change is on the way. From April 1, 2026, several well-known income tax forms will be renamed as India rolls out the ...

Taxpayers who are not ready to file by the April 15 deadline can request more time from the Internal Revenue Service, but ...