If one fails to file the ITR by the due date, then they could face a penalty under Section 234F of the Income Tax Act, 1961. A delay could attract a late fee of Rs 5,000. However, if the total income ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

Filing income tax returns (ITR) can often feel confusing, especially for those who are not familiar with tax rules. Many people usually depend on chartered accountants to complete the process. To ...

The deadline for most individuals and salaried taxpayers is July 31, 2026. Business taxpayers who do not require an audit now ...

ITR Filing Major Update: A major development related to income tax filing is going to happen as the new Income-tax Rules 2026 are set to be implemented in the coming days. The major changes include ...

Did our AI summary help? The government has notified income tax return forms (ITR-1 to ITR-7) for the Assessment Year (AY) 2026–27. This means individuals, pensioners, professionals and other ...