The ITR filing deadline for AY 2026-27 is July 31, 2026 — and with just weeks to go, millions of Indian taxpayers are scrambling to get their returns filed. Whether you are salaried, self-employed, or a freelancer, missing this deadline means paying a late fee of up to ₹5,000 plus … Continue reading
File your ITR for FY 2025-26 before July 31, 2026. New Income Tax Act 2025 — zero tax up to Rs.12 lakh. Avoid late filing penalty under Section 234F. Continue reading
Learn how tax loss harvesting works in India. Offset STCG (20%) and LTCG (12.5%) with losses, carry forward up to 8 years, and save lakhs legally before 31st March. Step-by-step guide with examples Continue reading
Learn how to get a completely confidential chartered accountant and tax consulting services online without revealing who you are, keeping your financial matters confidential while still getting expert advice Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Freelancers and self-employed professionals have unique tax obligations. Here are the most important tax tips to minimise your tax bill and stay compliant. 1. Opt for Presumptive Taxation (Section 44ADA) If your gross professional receipts are up to Rs. 75 lakh, … Continue reading
Good news! Income Tax payers are no longer required to sign ITR-V and send ITR V To Banglore CPC. ITR-V can not now be verified online using Aadhar card and / or net banking. This is a much awaited initiative from Income tax department which is welcomed by all income … Continue reading
Why need to file tax returns before 31st march 2015? If you are yet to file income-tax return for the previous financial year 2013-2014 (assessment year 2014-15), you still have a chance to do so by March 31. The return for income earned in the financial year ending on 31 … Continue reading
If you have not filed Income return for last few years ( ie Previous year 2012-2013, 2011-2012, 2010-2011, and 2009-2010) then chances are that you might have received income tax notice from income tax department. Income Tax Department is collating information from various sources and is sending notice to non-filers of Income Tax … Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Under Section 194IA, the buyer of an immovable property (other than agricultural land) must deduct TDS at the time of payment if the property value is Rs. 50 lakh or more. TDS on Property Sale – Section 194IA (FY 2025-26) Detail … Continue reading
Income Tax Return filing last date is 31st july 2014 for non- Audit cases. There is lot of confusion among tax payers, which is the correct income tax form. Whether I should use ITR 1 or ITR 2. Who can use ITR 1 ITR–1 Form is to be used by … Continue reading