The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

ITR filing FY 2025-26: The two regimes differ fundamentally in structure. The new tax regime offers lower slab rates but largely eliminates exemptions and deductions. The old tax regime, in contrast, ...

As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why taxpayers receive scrutiny notices, how they should respond, ...

Form 26AS is an important document that provides taxpayers with a consolidated view of tax related information linked to ...

The department is actively sending reminders to taxpayers to promote early filing, aiming to prevent last-minute ...

Taxpayers are advised to carefully select the correct ITR form, verify pre-filled information, and report all sources of income accurately FY25-26 ITR due July 31, 2026 for salaried taxpayers Check ...

Income Tax Return filing in India for FY 2025–26 and AY 2026–27 explained, learn forms, documents, online steps, and key mistakes to avoid.

The Income Tax Department has released the Excel Utility for ITR-5 for FY 2025-26. Know what the offline filing tool is, who ...

Income Tax Returns 2025-26: The new tax regime may be more beneficial for those with fewer deductions and a preference for simpler compliance.

Employees who changed jobs during FY 2025-26 should report salary from all employers while filing ITR for AY 2026-27. Verify ...

If you are making a cash payment, then only up to Rs 2,000 is allowed to donate. Otherwise, you should make an online payment ...