Income Tax Filing

Missed July 31 ITR deadline? Experts explain immediate steps, penalties

Tax experts explain belated ITR filing, late fee, interest, refunds and the steps taxpayers should take now

More than 59 million ITRs filed for AY27 by July 31: I-T department

Over 5.9 crore ITRs have been filed for AY 2026-27 by July 31, the income tax department said on Saturday. The last date for filing income tax returns (ITRs) 1 and 2 -- for assessees who do not have to get their accounts audited -- for Assessment Year 2026-27 without penalty and interest -- was July 31. Last year, over 7.3 crore ITRs were filed by September 16, 2025, which was the extended date for filing tax returns for AY 2025-26. "Over 5.9 crore ITRs filed for AY 2026-27 by July 31st!," the I-T department said in a post on X on Saturday. ITR Form 1 (Sahaj) is a simpler form that caters to a large number of small and medium taxpayers. Sahaj can be filed by a resident individual having annual income up to Rs 50 lakh and who has salary income, one house property, and agricultural income up to Rs 5,000 a year. ITR-2 is filed by individuals and HUFs not having income from profits and gains in business or profession, but having income from capital gains.

Have foreign income or overseas assets? Your AIS will soon show them

CBDT expands AIS: Foreign income and assets to be visible to taxpayers

How to correct mistakes in your tax return after submission, refund even

No penalty is levied for revising a return, provided the original return was filed on time

Filed your ITR? Tax dept highlights 6 categories that could face scrutiny

ITR scrutiny: From surveys to tax evasion inputs, these returns may be picked for closer review

All about filing income tax: From selecting form to claiming return

Even if tax has already been deducted from your salary, you still need to file an income tax return

FY26 ITR filing: How to choose the ITR form that best reflects your income

Taxpayers should carefully match their income profile with the applicable ITR form, as filing returns in the wrong form could lead to defective returns or tax notices

Income Tax department notifies all seven ITR forms for AY 2026-27

The Income Tax department has notified all income tax return forms for the assessment year (AY) 2026-27. While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms 2, 3, 5, 6 and 7, as well as ITR-U (for filing updated returns), were notified on Tuesday. With the ITR (income tax return) notification, individuals, businesses and other entities can start filing I-T returns for the income earned in the financial year 2025-26. The last date for filing ITR for individuals and those who do not have to get their accounts audited is July 31. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers. Sahaj can be filed by a resident individual having annual income up to Rs 50 lakh and who receives income from salary, one house property, other sources (interest) and agricultural income up to Rs 5,000 a year. Sugam can be filed by individuals, Hindu Undivided Families (HUFs) and firms (other tha

HRA relief expands to 8 cities from FY27: Who gets higher tax exemption

Expansion of higher HRA benefits to eight cities from FY27 comes alongside rigorous new disclosure rules designed to crack down on fraudulent rental claims

Income Tax Rules 2026: What changes and what stays same? FAQs answered

New tax rules from April 1 focus on compliance, reporting and clarity, with no change in tax slabs or rates for individuals

New tax law from April 1: What it means for income, filing, and compliance

Taxpayers must be able to distinguish between matters where the old tax law still applies and those where the new one does

I-T dept invites stakeholder views on draft rules under new Income Tax Act

The Income Tax department on Sunday said it has invited inputs and suggestions from stakeholders on the draft tax rules and forms under the new Income Tax Act, 2025, which will come into effect from April 1. To encourage wider stakeholder participation, the proposed Income Tax Rules, 2026, and corresponding Forms have been uploaded on the official website: www.incometaxindia.gov.in before their final notification, it added. As part of a wider consultative process, the Central Board of Direct Taxes (CBDT) invites inputs and suggestions from stakeholders in the following four categories - simplification of language, reduction of litigation, reduction of compliance burden and identification of redundant/obsolete rules and forms, the I-T department said in a statement. "Stakeholders are encouraged to study the same and make suggestions, which will be compiled and considered for review before final notification," it said. To facilitate this, a utility has been launched on the e-filing .

Revised return deadline extended to help belated filers, global earners

Bear in mind that substantial changes in a revised return can invite closer examination by tax authorities

Budget makes tax compliance easier, gives relief in penalties and timelines

Budget signals a shift toward a less adversarial tax regime by extending return-filing deadlines to March, halving the mandatory litigation deposit to 10%, and decriminalising minor procedural lapses

Claiming HRA without a rent agreement? Tax dept will ask for proof

While a formal rent agreement is not a legal prerequisite, Tax planning 2026: digital payment trails and landlord PAN details are essential to withstand tax department's scrutiny

India's taxpayers move beyond salary as multi-income filings surge: Report

Tax filings reveal a growing shift towards multi-income earners

Does the IT dept track your online spending or lifestyle? Govt clarifies

Government responds to claims about ITD and citizens' digital activity

Updated or revised ITR? What taxpayers need to know before Dec 31 deadline

'Knowing when to file an updated or revised ITR can safeguard your refunds,' says expert

Can tax officials access emails and social media under new tax rules 2025?

Section 247 under the new Act allows authorised officers to access computer systems or virtual spaces, but strictly during search and survey operations where there is credible evidence of evasion

2025's most overlooked tax-saving opportunities: See which ones you missed

From Section 80D to home-loan perks, here's what many taxpayers overlooked last year