The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27.

Before filing ITR for AY 2026-27, taxpayers should reconcile Form 16 with Form 26AS and the Annual Information Statement (AIS ...

Form 16 provides details of salary income, deductions, exemptions and TDS deducted by the employer. While taxpayers can file their ITR without it, experts advise verifying all income and tax details ...

Senior citizens need not choose an ITR form based solely on age. For AY 2026-27, the correct return form depends on the ...

Apart from Form 16, other important documents that you should keep handy are Form 26AS, Annual Information Statement (AIS), ...

Taxpayers should rely primarily on Form 26AS and AIS, as these reflect TDS entries reported and processed by the tax ...

Form 16, divided into Part A and Part B, is essential for salaried employees to prove tax deductions from their salary. Part ...

As tax season picks up, a growing number of Indian professionals are turning to AI tools, particularly Anthropic's Claude, to ...

This guide explains how taxpayers can select the correct ITR form based on their income profile and tax status. It highlights eligibility conditions and common mistakes that may lead to defective ...

The Strait of Hormuz closure has been responsible for global crude oil prices surging and resulting in an economic shock for ...

Mrinal Mehta, Joint Secretary at Bombay Chartered Accountants’ Society, says first-time taxpayers often wrongly assume no tax ...

The timing is significant as India’s tax framework is undergoing a structural overhaul under the Income‑tax Rules, 2026, with ...