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
February 28, 2015 Madam Speaker, I rise to present the Budget of the Union for the year 2015-16. 2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges, India is … Continue reading
Key highlights of Suresh Prabhu’s First Railway Budget 2015: No increase in rail fares Railways to raise reserved ticket booking window to 120 days vs 60 days now Presenting his maiden Railway Budget, Rail Minister Suresh Prabhu on Thursday announced a 24*7 helpline for Indian Railways. An all India 24*7 … 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