Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing ...

ITR form selection is vital for tax returns. ITR-1 suits salaried individuals with income up to ₹50 lakh, whereas ITR-2 caters to a wider income spectrum. Filing the wrong form can cause rejection by ...

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

If you are a salaried employee filing your Income Tax Return (ITR) for the first time, you have likely come across Form 16.

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms ...

With multiple ITR forms notified by the Income Tax Department, it could be confusing for many, especially for senior citizens, to choose the right form. It’s important to choose the right ITR form to ...

A new child tax credit is coming, bringing changes that will alter how much assistance families receive and which families ...

They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

While the AIS aims to improve voluntary compliance, the system’s early-stage flaws are causing more confusion than clarity.

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, ...