The shift is the result of a key relaxation in the eligibility rules for ITR-1 for AY 2026-27. Earlier, the presence of any ...

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 ...

The ITR filing deadline extension for AY 2026-27 appears unlikely, as filing systems remain stable and compliance is progressing smoothly. This article highlights 5 key reasons and essential steps ...

The I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax return filing more important than ever.

PhonePe and JioFinance have entered the digital tax filing space with income tax return (ITR) filing services starting at just ₹24. Both platforms, powered by TaxBuddy, offer DIY and expert-assisted ...

As more taxpayers turn to ChatGPT, Claude and other AI tools to file their ITRs, experts say the technology can simplify tax filing but should not replace human verification. A recent case highlighted ...

Before Filing Your Return, Check These 10 Situations Where ITR-1 Is Not the Right Form As the income tax filing season ...

As far as the cost of the redeveloped house being sold is concerned, the fair market value of the house on the date of possession will be taken as its cost for the purpose of computation of capital ...

Investors should report the same transaction dates, quantities, sale value, and holding period that appear in their actual records, rather than relying only on a summary statement.

Carried-forward losses can then be offset against eligible capital gains in subsequent years, allowing investors to optimize tax efficiency over time. If your stock market portfolio ended FY 2025-26 ...

Corporate actions like bonus issues, stock splits, and dividends always catch stock market investors' attention, but the taxation rules related to these rewards often go unnoticed. As the income tax ...

Form 26AS is a tax passbook containing details of taxes deducted and deposited during the financial year. This tax passbook will be eventually replaced by the Annual Information Statement (AIS). The ...