Tag: income tax return
ITR deadline nears: Step-by-step guide to file return, avoid ₹5,000 penalty
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…
Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31
As the tax filing deadline nears, many are treading a minefield of rules on foreign assets, the details of which were uploaded to taxpayers’ Income…
Foreign or local? Investors at lossover GIFT funds
Mumbai: Investors betting on overseas markets through GIFT City funds are in a quandary over how to report the investments in their tax returns. What…
Financial planning: Received your Income Tax Refund? Here is how to make the most of it
July is when most salaried individuals file their Income Tax Returns (ITRs). The last date for filing ITR for individuals who don’t need an audit…
Budget 2026 extends tax filing deadlines, simplifies forms for individual taxpayers| Business News
The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals…
Zepto partners with ClearTax to offer ITR filing services for delivery executives
Quick commerce firm Zepto on Tuesday said it has partnered with ClearTax to offer income tax return filing services for its delivery workforce, enabling refunds…
Is that exempt income actually so? Asks taxman, spooks many
Mumbai: Several senior professionals, equity partners of at least two Big4 firms, members of well-known partnership ventures as well as some of the retired senior…