Validation ensures refunds are credited to correct accounts and tax returns are filed properly
'Major backend changes and stricter disclosures have pushed the rollout,' say experts, creating anxiety for those with complex incomes and tighter deadlines.
Refunds are often delayed due to invalid or outdated bank information; this guide tells how to validate your bank account
'Even your freebies are taxable'. Influencers must report all earnings from reels, brand deals, and affiliate links, say experts.
'Every crypto move is taxable,' warn experts, as AI-powered tax tools tighten the net on undeclared gains, swaps, gifts, and even crypto spent on shopping.
Maintaining records and reporting each income source are key to avoiding tax hassles, say exports
You can move to another regime while filing Income Tax return, but maybe asked to pay extra tax if you change your choice says tax expert. Be ready for.
Those who sold land or building must observe the recent changes to indexation benefits for calculating capital gains tax
Stricter disclosure norms and additional reporting fields added to documents
From figuring out residency to claiming DTAA benefits, here's how NRIs can avoid common tax mistakes and make the most of concessions on Indian income
Salaried individuals, small businesses and investors with minor gains can fill up these forms, say experts
ITR filing deadline: Businesses and professionals under audit will not get more time and they must stick to the original dates
Here's how you can easily fill and file your tax returns offline before uploading them to the portal through the newly released excel utilities by the IT department
Salaried taxpayers can switch tax regimes yearly; business professionals face stricter limits
Completing the process even if your income is below taxable limit establishes financial credibility, say experts
The tax body said that the extension comes in the wake of the new structural and content revisions aimed at simplifying compliance, enhancing transparency, and enabling accurate reporting
ITR-U is applicable to any individual or corporate entity that has omitted or misreported income, missed deductions, or failed to file returns altogether.
Professionals must select the correct ITR form and assess whether presumptive taxation or regular provisions suit their income, expenses and documentation requirements
Experts decode how your cash, property, or crypto gifts could quietly land you on the tax radar
Filing an ITR isn't just for paying taxes, it's a powerful tool for building financial credibility, accessing loans, securing subsidies, and opening doors to major opportunities, even with no tax due