Bought a car costing more than ₹10 lakh? The 1% Tax Collected at Source (TCS) you paid at the time of purchase isn't an extra tax—it can be adjusted against your income tax liability or even claimed ...

Income is not the only factor that determines whether an ITR must be filed. Several other conditions, including high-value ...

Important ITR, TDS, TCS and Tax Filing Deadlines. The Income Tax Department has scheduled key compliance dates on July 7, ...

Income tax refund is broadly calculated as the excess of taxes paid or credited over the final tax liability of the taxpayer ...

July brings six key income tax deadlines, including the 31 July ITR filing cut-off. Missing them can lead to late fees, ...

Indian foreign travel over ₹2 lakh can trigger mandatory ITR filing, even with low income, learn how expenses, TCS and AIS reporting affect your tax duties.

One of the important deadlines for most individual taxpayers is July 31, 2026. Those filing ITR-1 and ITR-2 for the financial ...

If an individual deposits Rs 1 crore or more in one or more current accounts during a financial year, filing an ITR be ...

According to Mrinal Mehta, Joint Secretary at the Bombay Chartered Accountants' Society (BCAS), the Income Tax Department tracks spending patterns and high-value transactions, making return filing ...

Taxpayers must review their Annual Information Statement before filing their Income Tax Return. This statement details ...

Maximising tax refunds is not only about finding last-minute deductions; it starts with ensuring that your tax return accurately reflects your income, investments, and taxes already paid ...

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be ...