Tax

No interest will be levied if the income tax due is deposited by December 31, says CBDT circular.

Why retaining employee-funded group health insurance add-ons makes sense despite no GST exemption

Group health covers offer several advantages over retail policies, including smoother claim settlement, no waiting period for pre-existing diseases, which are critical for employees' elderly parents, in particular.

Income Tax Return filing deadline extended by a day to September 16

However, the e-filing portal will be in maintenance mode until 2:30 am to enable change in utilities

ITR filing 2025: Why individual taxpayers must file their tax returns on September 15

While you can file belated returns by December 31, 2025, not adhering to the September 15 deadline will attract late-filing fees of Rs 1,000–Rs 5,000, besides other restrictions

ITR filing 2025: Why checking AIS and Form 26AS is critical before submitting tax returns

Difficulty in accessing AIS has been the chief complaint of many tax professionals ahead of the September 15 ITR filing due date. It is important to review AIS to avoid missing out on disclosures, which can then trigger scrutiny and notices from the tax department.

ITR filing 2025-26: Yet to file tax returns? Know the consequences of missing September 15 deadline

Completing the ITR filing process after September 15 will mean coughing up penalties of Rs 1,000-5,000.

September 15 ITR filing deadline: TDS on fixed deposits explained

File ITR by September 15, 2025; understand TDS on fixed deposits, threshold limits, rates and refund process.

ITR filing: Advance tax deadline-ITR filing due date clash, I-T portal glitches causing delays, say CAs

However, income tax officials have refuted claims of technical snags on the official e-filing portal.

ITR-3 filings grew over 600 percent in 2024 among investors under the age of 25, shows Cleartax data

The fastest increase in ITR-2 and ITR-3 filers, the categories linked to capital gains and market activity, is coming from Indians under the age of 25. While this highlights extraordinary enthusiasm, it also signals risk.

Last minute rush: Steer clear of these common ITR filing errors to avoid I-T queries, notices later

Filing income tax returns in a hurry can increase the risk of errors, defective returns and, thus, I-T notices. Here’s a last-minute guide to avoiding costly mistakes.

Can I gift to my granddaughter instead of my daughter? What will be the income tax implications?

A granddaughter (whether the son’s daughter or the daughter’s daughter) is treated as a lineal descendant of the donor and therefore falls within the definition of a 'relative'

GST 2.0: Why middle-class families should invest before splurging during festival season

While the government and corporate India hope that GST cuts will boost festive spending, advisoes urge households to channel the additional money to bolster their investments

I-T relief for employees working overseas: No jail for not reporting low-value foreign assets

In line with Budget 2024’s announcement to waive the penalty for non-disclosure of low-value foreign assets of up to Rs 20 lakh, the I-T department has decided to eliminate prosecution provisions as well

Juggling US’ IRS and India’s I-T dept: How Indians investing in US stocks are taxed

Investing in US stocks as an Indian resident isn't just about picking the right companies — you need to be aware of the tax nuances as well. While the India-US DTAA provides relief from double taxation, compliance requires correct documents and timely filing

LTCG on immovable properties: How non-indexed gains can push up your total income, trigger surcharge

For many middle- and upper-middle-class taxpayers, a one-time sale of property can inflate their gross total and push them into higher surcharge brackets, despite having no actual capital gain (after inflation adjustment).

ITR filing |Tax rebate on short-term capital gains: ITAT ruling opens a window

Chartered accountants differ over whether small taxpayers will be able to obtain section 87A rebate on their STCG income for FY 2024-25 (AY 2025-26) based on the Ahmedabad tax tribunal’s recent order.

No HRA? Here’s how you can still claim tax deduction under Section 80GG on rent paid

The section allows self-employed professionals as also salaried employees who are not entitled to HRA to avail of tax breaks on rent paid

Govt amends income tax law to ensure parity between NPS, UPS

The Taxation Law (Amendment) Bill, 2025, makes 60 percent of the lump sum received by UPS subscribers at retirement tax-free, aligning its tax treatment with that of the NPS.

No ITR filing exemption for small taxpayers in new Income Tax Bill, say CAs

The parliamentary panel headed by BJP MP Baijayant Panda had recommended that small taxpayers not be compelled to file an ITR solely to avoid penalties for non-filing.

New Income Tax Bill: Late ITR filers will still be eligible for tax refund

The new Income Tax Bill, 2025, which will replace the Income Tax Act, 1961, was passed by the Lok Sabha on August 11

ITR filing 2025: Filed your return? Complete e-verification within 30 days or risk invalidation

You can e-verify your returns in a few minutes via Aadhaar-OTP, net banking and electronic verification codes generated through pre-validated bank accounts.

How to save taxes on freelance income through business expense deductions

Claiming legitimate expenses can reduce your taxable income and boost savings

Will my NRI child pay tax on selling an inherited Indian home?

Article 13 of the India–US DTAA entitles each country to levy tax on capital gains as per their domestic laws. Therefore, the son will have to pay tax on long-term capital gains whenever the residential house property inherited by him in India is sold.

ITR filing 2025: Submitted your income tax return? Here’s how to check the refund status

ITR filing: Taxpayers can check the status of the refunds due on the income tax department’s official e-filing portal (incometax.gov.in).

ITR-3 form is now live: Check who is eligible and key changes

Taxpayers, who fall under ITR-3 category such as those earning from futures and options trading, can now file their returns before the September 15 deadline