Income Tax Return
New Income Tax Rules 2026 explained: 6 key form changes and what they mean for taxpayers
Major tax overhaul streamlines compliance as Income Tax Rules 2026 transform key forms, merging TDS, PAN and AIS systems to simplify filing and improve accuracy nationwide
2 min read7 May 2026Income tax: How much cash can you deposit to prepay home loan principal without attracting I-T notice?
Income tax rules discourage cash transactions, limiting annual deposits to ₹10 lakh. Experts recommend using savings accounts for cash deposits
3 min read4 May 2026ITR filing: Key strategies to maximise savings and reduce tax liability
Taxpayers must plan their finances for the 2026-27 financial year, taking into consideration income tax rules, exemptions and deductions to assess their tax liability. Here's how you can maximise your savings.
2 min read30 Apr 2026Is pension taxable in India? Rules, exemptions and how to declare it in ITR
Pension income in India is taxable based on type. Regular pensions are taxed as salary, while commuted pensions can be partially exempt. Full details here.
2 min read30 Apr 2026ITR filing FY 2025–26: Important income tax return deadlines and dates for salaried, business and audit filers
Check out ITR Filing 2026 deadlines for FY 2025–26 and AY 2026–27, covering key income tax return due dates, revised filing timelines, belated return provisions and essential compliance updates for all taxpayer categories in the country.
3 min read27 Apr 2026Reported wrong income in your ITR? Here’s how you can avoid up to 200% penalty
Incorrect income reporting can lead to penalties under the Income Tax Act, 2025 with fines up to 200%. Taxpayers can avoid such steep penalties by voluntarily disclosing errors and paying required taxes. Details here.
2 min read27 Apr 2026New ITR-4 form introduces mandatory investment disclosure for presumptive taxpayers: Here's how to file step-by-step
To file ITR-4 for AY 2026-27, visit the Income Tax e-Filing Portal, verify details, enter income and deductions, validate the form, and submit using Aadhaar OTP or EVC. Eligibility includes earning under ₹50 lakh from business, with specific conditions for freelancers and property owners.
2 min read26 Apr 2026ITR filing 2026: Are credit card rewards, cashback taxable in India? What you need to know
As ITR filing season nears, credit card rewards in India are generally treated as discounts, not taxable income. However, high-value rewards or those linked to business expenses may attract scrutiny. Here's what experts have to say about its tax treatment.
3 min read23 Apr 2026Income-tax returns: Here's how to declare gifts, mutual fund and share transfers in ITR form
Recipients of significant financial gifts from relatives should disclose these in their ITR to ensure transparency. Proper reporting and retention of documents can prevent tax queries or notices from the tax department in the future.
3 min read22 Apr 2026Income tax rule changes from 1st April 2026. How will it impact the buyback of shares? Explained
Buyback of shares: The income tax compliance has shifted from the dividend-based model to capital gains-based approach.
2 min read20 Apr 2026Wait for it…
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