ITR-2 is intended for individuals whose income sources extend beyond a standard salary and a single house property. You should file ITR-2 if you have incurred capital gains or losses from shares, ...

Many salaried taxpayers assume they can simply file ITR-1 (Sahaj) because their primary source of income is salary, which is not always true. If you have income from multiple sources, own certain ...

The income tax return filing deadline has passed for many taxpayers, but not everyone had to submit their ITR by July 31.

The Income Tax Department emphasizes the importance of filing ITRs for AY 2026-27 for non-audit business and professional ...

Individuals (residents or non-residents) and Hindu Undivided Families (HUFs) who receive income other than that which is taxable under the head "Profits and Gains of Business or Profession" can use ...

For years, a large group of salaried taxpayers had no choice but to file ITR-2, the longer and more detailed income tax return form. This was not because their finances were complicated, but simply ...

The Income Tax department has urged taxpayers to file their ITR-1 and ITR-2 returns before the July 31, 2026 deadline to avoid the penalty as well as the last-minute rush. "Avoid the 31 July, 2026 ...

For AY 2026-27, taxpayers should check the deadline that applies to them based on their income and whether a tax audit is ...

Taxpayers filing ITR-1 or ITR-2 have just five days left to meet the 31 July deadline. Experts urge immediate action, warning that last-minute filing increases risk of mistakes and delays in ...

With more granular reporting and enhanced data matching, mismatches are likely to be identified more quickly. Kindly note that this illustration generated using ChatGPT has only been posted for ...

The Income Tax Department has enabled both the online filing option and the Excel Utility for ITR-3 on its e-filing portal for Assessment Year (AY) 2026-27, allowing eligible taxpayers to start filing ...

The window to file your Income Tax Return is about to close, with the July 31 deadline just a day away. As of now, there is no official word from the government on extending the due date. Taxpayers ...