The ITR forms have been revised for AY 2026-27, affecting ITR-1, ITR-4 and ITR-2. Taxpayers must ensure correct filing by ...

Many taxpayers assume that long-term capital gains (LTCG) below the ₹1.25 lakh exemption limit need not be reported in their ...

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 capital gains however small pushed a taxpayer out of ITR-1 and into ITR-2.

Once an intimation under Section 143(1) has been issued, the taxpayer must check whether the intimation is only a processing adjustment or whether it reflects a mismatch in income, TDS, deductions, or ...

Because there are some financial transactions that could make you ineligible to file ITR-1 and require you to switch to ITR-2 or even ITR-3. Filing the wrong return form can delay ...

ITR Simplified: Filing ITR-2 for AY 2026-27? Know who must use this form, how to file it online, and the key checks to ...

Income earned from the sale of cryptocurrencies needs to be declared in the Virtual Digital Asset (VDA) schedule. In the income tax return (ITR) parlance, cryptocurrencies are known as VDAs ...

A foreign retirement account is treated as a foreign asset. Even if it earned no income during the financial year, taxpayers ...

Explore the evolving complexities of India's ITR-1 and ITR-2 tax forms as filing becomes easier or harder for individuals.

Income Tax Return filing in India for FY 2025–26 and AY 2026–27 explained, learn forms, documents, online steps, and key mistakes to avoid.

Explains AY 2026-27 ITR due dates under the Finance Act, 2026, section 44AB audit classification, revised return timeline and consequences of ...