Income Tax Day

A small ₹10,000 income mismatch in savings interest, dividends or freelance receipts could trigger an income tax notice. Tax expert urges taxpayers to reconcile AIS and TIS statements before filing returns to avoid compliance hassles and penalties.

A Kolkata woman won an income-tax appeal after proving her husband alone funded a jointly purchased property that was valued ₹14.2 lakh higher by the stamp authority. ITAT Kolkata deleted the ₹7.09 lakh tax addition made in her hands under Section 56(2)(vii)(b).

A deceased person's income tax issues persist, requiring the filing of returns and the payment of taxes from their assets. Legal representatives must file returns until all taxes are settled, navigating disputes and uncertain heirship.

Capital gains tax treatment differs for brokerage, STT and loan interest. Learn which investment expenses can be deducted, which are excluded and how taxpayers should assess borrowing costs.

Filed your ITR before the 31 July deadline but spotted an error later? Eligible taxpayers can still revise their return under Section 139(5). Here's who can file a revised ITR, the process and the key documents to verify.

A Section 139(9) defective return notice and other income tax notices require timely action to avoid compliance issues. Experts explain how taxpayers should respond to Sections 139(9), 143(1), 142(1) and 148 notices, helping protect tax benefits and prevent unnecessary complications.

ULIP income in ITR for AY 2026-27: Exemption rules, capital gains reporting, correct form choice and filing tips ahead of 31 July deadline.

Report REIT and InvIT income in your ITR for AY 2026‑27. Know the tax treatment, choose the right form and keep essential documents ready to avoid mistakes before the 31 July deadline.

Finance Minister Nirmala Sitharaman called for firm actions against tax evaders while prioritising convenience of honest taxpayers. Details here.

A Section 143(1) tax demand does not always mean your ITR is wrong. Here's why taxpayers receive this notice, how to verify mismatches, respond correctly through the Income Tax e-filing portal and avoid penalties.