While business and professional filers of ITR-3 and ITR-4 get more time, even those who missed the 31 July deadline get a ...

The Excel utility is now live on the Income Tax e-Filing portal for companies required to file ITR-6, with updated reporting ...

Income tax refunds occur when paid taxes exceed actual liabilities after deductions and they are processed after ITR ...

The Income Tax Department has released the Excel utility for ITR-6 for the Assessment Year (AY) 2026-27, allowing eligible companies to start preparing and filing their returns.

F&O (Futures & Options) income is treated as non-speculative business income and is taxable under the head Profits and Gains ...

The income tax department has significantly reduced refund processing times over the past few years. But while some taxpayers receive refunds within days, others may wait several weeks or even longer.

F&O traders need to understand turnover calculation before filing ITR. Check how futures and options turnover is computed, ...

Bhubaneswar Police warn taxpayers about fake Income Tax messages on WhatsApp. Stay informed and safeguard your information.

A chartered accountant’s viral post on X has sparked a fresh discussion about the growing use of artificial intelligence for financial tasks after claiming that a man who filed his Income Tax Return ...

REIT distributions and capital gains are taxed differently depending on the nature of income and the holding period. Here's ...

No income tax for wife who sold shares and paid husband Rs 7.5 crore for buying his Mumbai property; Know how she won the case in ITAT Mumbai ...

Here’s a simple breakdown of why notices occur, how to spot fake ones, and what steps to take before deadlines slip by.