Income
Section 44AD ITR filing: Which income you must disclose — and which need not be reported under the presumptive scheme
Section 44AD allows eligible small business owners to declare income on a presumptive basis without maintaining detailed books. However, taxpayers must still disclose turnover and other taxable income sources while filing ITR.
3 min read01:53 PM IST2026 ITR season reveals major reporting gaps among crypto investors: Who can still file tax returns by 31 August?
The 2026 ITR season has exposed major tax reporting gaps among crypto investors, with many mistaking TDS for their final tax liability. Investors who missed the deadline can still file a belated return, report income in Schedule VDA, and claim eligible TDS refunds.
2 min read6 Aug 2026Freelancers need to file ITR by 31 August: Forms, income reporting rules, tax methods and deductions explained
Freelancers must file their ITR by 31 August if they are not required to get their accounts audited. The choice of ITR form, tax method and deductions depends on their income structure. Proper documentation and reconciliation of receipts and foreign income are essential for accurate filing.
2 min read6 Aug 2026One in 3 Indian companies skipped mandatory filings, clouding corporate records
Legal experts attributed the decline in compliance to a combination of dormant and inactive companies, financial stress and rising compliance challenges, particularly for smaller businesses.
4 min read6 Aug 2026AY 2026-27 deadlines: Taxpayer's guide for timely payment before last date — Key dates and penalties for late filing
AY 2026-7 deadlines: To ensure timely payment before last date, here's a taxpayer's guide with key dates. Learn more about penalties associated with late filing.
3 min read6 Aug 2026Radhika Gupta says REITs are not fixed-income investments, but differ from equities: Here’s what another expert thinks
REITs are often mistaken for fixed-income products due to their regular payouts, but they carry equity-like risks. Their returns depend on rental income, occupancy and property cycles, making them a diversification tool rather than a substitute for debt investments.
3 min read5 Aug 2026ITR-6 Excel utility for AY 2026-27 released: Eligibility, due dates, key documents explained
The Income Tax Department has released the Excel utility for ITR-6 for AY 2026-27. The utility is now available on the e-Filing portal. The form is applicable to companies that are not claiming exemption under Section 11 of the Income Tax Act.
2 min read5 Aug 2026Beyond 31 July: Taxpayer's guide to every ITR deadline
While business and professional filers of ITR-3 and ITR-4 get more time, even those who missed the 31 July deadline get a chance to file a belated ITR, though with a penalty.
4 min read5 Aug 2026ITR processed but refund not received yet? Here's expected timeline and most common reasons for delay
Income Tax Refunds occur when paid taxes exceed actual liabilities after deductions, and they are processed after ITR e-verification. Here's when to expect it and common reasons for delay.
2 min read5 Aug 2026Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
Taxpayers who missed the July 31 ITR deadline can still file a belated return until December 31, 2026. Here's the filing process, applicable late fees, and the tax benefits you may lose by filing late.
2 min read5 Aug 2026Wait for it…
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