ITRs

Indian residents can rectify missed foreign income or asset disclosures through ITR-U or FAST-DS, depending on factors such as the nature of the asset and tax liability. Here's everything you need to know about the two options and which one is more economical.

The milestone comes against a backdrop of sustained growth in ITR filings.

Filing your ITR before the 31 July deadline does not guarantee that you will not receive an income tax notice later. Mismatch in AIS/Form 26AS, incorrect tax claims and errors in the return can still trigger a communication from the Income Tax Department.

A retired Mysore teacher who deposited ₹1.33 crore in cash won his tax appeal after ITAT Bangalore found the reassessment notice was issued beyond the permissible limitation period.

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.

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.

Taxpayers can file a revised return if they have made mistakes in their initial submission before the 31 July deadline. Know the due date and whether revising errors can lead to a penalty.

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.

Taxpayers who file their ITR on 31 July can complete e-verification within 30 days. Here's how the verification timeline affects the filing date, the belated return status and compliance with income tax rules.

The Income Tax Department, in a recent X post, reminded taxpayers that 31 July is the last date to file ITR-1 and ITR-2 for AY 2026-27. Complete filing and e-verification today to avoid late fees, interest and compliance issues.