With the ITR filing deadline just hours away, taxpayers using ITR-3 and ITR-4 should carefully review pre-filled details. From income and tax credits to capital gains and deductions, here’s what you need to verify before submitting your income tax return.
3 min read31 Aug 2026Putting a relative’s name on a property deed may seem like a family arrangement, but tax authorities can now connect property records with financial data. Here’s when a gift, loan or benami issue can arise.
3 min read31 Aug 2026Taxpayers with business or professional income cannot switch between the old and new tax regimes every year. Form 10-IEA is required for the switch, with restrictions on re-entering the old regime. Here's what taxpayers filing ITR-3 and ITR-4 need to know for AY 2026-27.
2 min read30 Aug 2026Taxpayers with business income face an August 31 deadline to file income tax returns for AY 2026-27. Over 6.5 crore returns, including 5.9 crore filed by July 31, have been recorded. Non-audit taxpayers can use ITR-3, ITR-4, ITR-5, ITR-6, or ITR-7 forms.
1 min read26 Aug 2026The 31 July ITR deadline for AY 2026-27 has passed, but taxpayers in other categories have more time. Key deadlines are 31 August for non-audit cases, 31 October for audit cases, 30 November for transfer pricing cases and 31 December for belated returns.
3 min read26 Aug 2026Freelancers and professionals filing their ITR by the August 31 deadline should avoid mistakes around ITR-3/ITR-4 selection, presumptive taxation, TDS and AIS reconciliation. Experts explain what taxpayers should check before filing and after submitting the return to avoid tax complications.
4 min read26 Aug 2026A component of your basic salary for central government employees and pensioners, dearness allowance is subject to income-tax. Here's a look at how it should be reported in your ITR and what is the tax slab.
3 min read23 Aug 2026Income tax department has urged taxpayers to file their ITR before the August 31 deadline. Here's who should file by that due date and which return form is meant for you.
2 min read22 Aug 2026Legal 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 2026-7 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.
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