Made less than Rs 1.25 lakh LTCG from equities this year, do you need to file ITR?

Even if your long-term capital gains from stocks are under Rs 1.25 lakh, you must still file your Income Tax Return for AY 2026-27. While this amount is tax-exempt, the Income Tax Department requires you to report these gains. Failure to disclose can lead to issues. Learn how to correctly report these gains in your ITR.

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8 reasons why filing income tax return is important for you: From tax refunds to carry forward losses

ITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, carrying forward losses to reduce future tax, and enhancing loan and visa application prospects. Even if your income is below taxable limits, filing might be mandatory under certain conditions.

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Zero income tax in Form 16? You may still have to file an ITR in these cases

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant bank deposits, foreign travel, or owning foreign assets can trigger a filing requirement.

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Filing ITR? Here's what AIS and Form 26AS tell the income tax department about you

As taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This unified document offers a comprehensive view of your financial footprint, detailing income sources, investments, and tax credits. Reviewing it meticulously against your records helps ensure accurate reporting, prevent mismatches, and avoid potential tax notices, streamlining your return submission.

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Stock traders' alert: When income tax audit becomes mandatory for AY 2026-27

Stock market traders, especially those involved in intraday and F&O trading without a registered business, need to understand tax audit rules. Income from these activities is typically classified as speculative business income. Turnover calculation, based on the aggregate of positive and negative differences, determines audit applicability, generally requiring an audit if it exceeds Rs 10 crore for banking channel transactions.

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ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respond

As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why taxpayers receive scrutiny notices, how they should respond, the consequences of non-compliance and under-reporting of income, the relief available under Section 270AA, and the key compliance lessons for filing current-year returns.

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Working abroad? You may pay zero tax on selling Indian shares if you meet this condition

Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign exchange. This provision, under Section 215 of the Income Tax Act, 2025, allows for tax exemption if the sale proceeds are reinvested in specified Indian assets within six months. However, a three-year lock-in period applies to the reinvested assets.

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Income tax deadlines in July 2026: From July 31 ITR filing to TDS due dates; key forms you can't afford to miss

July 2026 presents crucial income tax deadlines for Indian taxpayers. The most significant deadline is July 31, marking the final day for salaried individuals and pensioners to file their Income Tax Returns (ITR-1 and ITR-2).

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ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exempt

Individuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the applicable exemptions and deductions exceeds the basic exemption limit. Even if you’re exempt, file a return if you have a refund due, or you need to apply for a loan, passport or visa.

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Didn’t report FD interest in your ITR? Here’s how you can still correct the mistake

Missed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receives FD interest details, so omissions can be flagged. Filing an Updated Return (ITR-U) within four years allows you to declare missed income and rectify errors, though additional tax and penalties may apply. This voluntary step helps avoid future disputes and keeps your tax records accurate.

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Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these cases

ITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sources and can club income back to the original provider. This applies to FDs, shares, and gold, where income or capital gains from gifted assets are often taxed in the transferor's hands. Proper documentation and reporting are crucial to avoid penalties and tax demands.

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GSTAT extended relaxed scrutiny guidelines for filing appeals till December 31, 2026; Know how this helps taxpayers

The Goods and Services Tax Appellate Tribunal (GSTAT) has extended its relaxed scrutiny guidelines for filing appeals until December 31, 2026. This move aims to prevent procedural technicalities from hindering substantive justice, allowing the registry to focus on significant defects rather than minor form-related issues. Taxpayers benefit from this taxpayer-friendly measure, ensuring smoother navigation of the digital appellate system while still needing to adhere to appeal filing deadlines.

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Taking a second loan for home loan repayment? Claim tax deduction on both under old tax regime for Tax Year 2026-2027

Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay it, under the old tax regime. This benefit, supported by a 1969 CBDT circular and expected to continue under the Income-tax Act, 2025, allows for dual deductions up to Rs 2 lakh for self-occupied properties.

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