According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, starting from the year they vest until they are sold. He added that when ...

The Tribunal held that an intimation under Section 143(1) based on a forged revised return is appealable. It directed a fresh assessment after allowing the assessee to file the correct return, ...

If you have not disclosed foreign assets (FA) or foreign income in your ITR (Income Tax Return), you can still include them by filing a revised return before December 31. The IT Department has asked ...

The association’s surplus was not distributable to members and activities were non-profit. The ITAT ruled that these factors support charitable character and restored the case for ...

ET Online Missed the December 31, 2025 deadline to file revised ITR? Here’s what to do in tax refund cases (AI generated ...

I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...