Filing the ITR may be the first milestone, but ensuring that the return is valid, accurately processed, and appropriately ...

The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is for individuals and HUFs with business or professional income.

The Income Tax Return (ITR) filing season for Financial Year (FY) 2025-26, corresponding to Assessment Year (AY) 2026-27, is ...

Taxpayers filing ITR-1 and ITR-2 must submit their returns by 31 July. Meanwhile, taxpayers filing ITR-3 or ITR-4 who are not ...

The refund amount calculated while filing your ITR is not always the amount you'll receive. Here's why the Income Tax ...

Once an intimation under Section 143(1) has been issued, the taxpayer must check whether the intimation is only a processing ...

Filing an income tax return for the first time may seem challenging, but following the correct steps and keeping all required ...

Reporting income/assets etc. in the ITR should be matched with Annual Information Statement (AIS). As through system checks and reconciliation runs, using technology for ITR processing might trigger ...

The Income Tax Department has enabled the Excel Utility for ITR-3 on its e-filing portal for AY 2026-27, allowing taxpayers with business or professional income to prepare their returns offline. The ...

With the Income Tax Department relying heavily on data analytics and information reported by banks, brokers, registrars, ...

The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping.

Filing an Income Tax Return offers benefits beyond tax compliance, including easier loans, TDS refunds, visa processing, and financial credibility. Timely filing also helps avoid penalties and ...