The income tax returns (ITR) forms for AY 2025-26 require mandatory disclosure of the exact date of transfer for each asset for capital gains. The revised ITR forms include specific schedules for ...

While the AIS aims to improve voluntary compliance in income tax filing, the system’s early-stage flaws are causing more ...

Filing a wrong ITR doesn't just stall refunds, it can trigger penalties and scrutiny if not fixed,' warns a tax expert ...

Tax refund is the amount the Income Tax Department repays to you when the total tax paid by you—through TDS, advance tax or ...

Avoid income tax notices by understanding frequent errors: not reporting all income, incorrect ITR forms, TDS mismatches, unreported foreign assets, false deductions, high-value transaction oversight, ...

Try to avoid common income tax return mistakes for FY 2024-25 to prevent scrutiny and tax notices. Know key filing errors, ...

The experts warn that misreporting or under-reporting may result in interest, penalties, or assessment notices under various ...

Many taxpayers make avoidable mistakes while filing their income tax returns, such as using the wrong ITR form, missing income sources, or forgetting to e-verify. Being accurate, choosing the right ...

As ITR filing season begins, taxpayers often juggle multiple forms and numbers. One form that truly stands out in this mix is ...

Switching jobs mid-year can complicate tax filing, but with a little attention to detail, you can avoid common mistakes. As ...

Filing your first ITR? Avoid these seven mistakes—wrong form, missed income, fake bills, wrong AY, unreported bank accounts, and ignoring AIS/Form 26AS, etc. Stay careful for smooth refunds.

Filing your ITR is not enough. You must verify it too. If you forget, the tax department treats it as if you never filed it ...