The Income Tax Department has made the process of filing the ITR-1 (Sahaj) form for Assessment Year 2026-27 extremely simple and digital. To assist taxpayers, the Department has released a ...

Income Tax Return: As we enter the tax season, taxpayers will have to file their Income Tax Return (ITR). The deadline to file ITR 2025-26 is September 15. While filing their tax return, every ...

Taxpayers can now report long-term capital gains under Section 112A from listed equity shares or equity-orientated mutual funds up to Rs 1.25 lakh in ITR-1, provided there are no brought-forward or ...

The Income-Tax Department has notified all I-T return forms for the financial year 2025-26 i.e. the assessment year 2026-27. Further, the department has enabled Excel Utility for ITR-1 (Sahaj), ITR-2 ...

ITR Form 1 (Sahaj) is for small taxpayers with income up to ₹50 lakh. Over 1.7 crore ITRs were filed for 2025-26, urging timely submissions before the July 31 deadline to avoid penalties and delays in ...

With the income tax return (ITR) filing season underway, many taxpayers are preparing to submit their returns for the ...

The department is actively sending reminders to taxpayers to promote early filing, aiming to prevent last-minute ...

In case taxpayers have filed the wrong ITR form for AY 26-27, they can fix the error by logging into the Income Tax Department's e-filing portal, filing a Revised ...

Reconciling income with Form 26AS, AIS, and TIS is essential to ensure consistency with the tax department’s records and to mitigate the risk of future scrutiny. Filing the Income Tax Return (ITR) for ...