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 Filing: Do you have to get your account audited if you have loss in F&O?
A person who opts for Section 44AD must continue with the scheme for the next five years. If they opt out before completion of five years, they cannot opt for it again for the next five years.
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 ITR rush overwhelms portals, millions of returns still pending
As of now, only 5.47 crore returns have been filed, leaving almost two crore still pending. With three days to go, the pressure is mounting on both taxpayers and professionals
ITR Filing: TDS deducted on unpaid salary. Can a refund be claimed?
Your tax liability arises as soon as the salary becomes due, regardless of whether you receive it in the future.
September 15 ITR Deadline Nears: Easy guide to advance tax payment, due dates & late payment interest
If you haven’t paid advance tax for FY25 yet, you can pay it at the time of filing your ITR. But for the next year, plan better by paying the due advance tax for FY26 by September 15 2025.
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.
OPINION | Macroeconomic implications of GST 2.0
The weighted average GST rate after the new structure takes effect is likely to be about 9.5%, the optimal rate that maximises revenue in a Laffer Curve sense. It is likely, however, that the economic boost from the new structure may come more construction-led investment rather than consumption
OPINION | India’s economic future hinges on interest income tax reform
India’s high interest income tax deters individual investors, limiting affordable debt for infrastructure and SMEs. Reforming to a concessional rate could unlock domestic capital, reduce costs, and boost economic growth
ITR Filing: Can NRIs claim refund on short-term capital gains tax if income is below the exemption limit?
As an NRI, you must pay the full tax on your STCG—20% on gains realized on or after July 23, 2024, and 15% on gains realized before this date.
OPINION | GST Reform: Promise, pitfalls and the road ahead
Categorizing most items into just two tax slabs shows that the GST Council prioritised efficiency over other goals. Some potential benefits of this move are a positive impact on consumer demand and lower incidence of tax evasion. However, the gap between tax slabs can lead to distortions
ITR Filing: Can you switch between the old and new tax regimes when your source of income changes?
As per current income-tax provisions, the new tax regime is the default option. If you wish to opt for the old tax regime and you have income under the head “Profits and Gains of Business or Profession”, you are required to file Form 10-IEA by the due date.
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'
ITR Filing: Do you need to declare Sovereign Gold Bond redemption in your income tax return?
The redemption of SGBs by an individual with the RBI is not treated as a “transfer” under Section 47(viiic) of the Income Tax Act.
GST rate overhaul may put India Inc’s systems, supply chains to the test
Current changes are more nuanced the same would require a fair bit of updating of invoicing, accounting, and ERP systems, say experts.
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
Tax rules for NPS Tier 2 withdrawals before and after July 23, 2024
Indexation benefit has been removed for all capital assets sold/transferred on or after July 23, 2024 except for the limited purpose of taxing sales of land and buildings acquired before the date by resident individuals and HUFs
ITR filing: Why you shouldn’t wait until September 15 to file your returns
Filing early ensures you’re not paying unnecessary interest or waiting endlessly for refunds. Treat the extension as a cushion, not a deadline
GST 2.0: The big picture
The government’s bet is that lower rates and reduced compliance burdens will expand the tax base and stimulate consumption. However, this must be supported by clarity in classification, promised faster refunds, and improved digital infrastructure to ensure that the benefits reach all stakeholders
Can medical expenditure deduction be claimed if already covered under CGHS?
If no amount has been paid to buy or maintain a health insurance policy for the senior citizen or their parents, then a deduction of up to Rs 50,000 can be claimed for medical expenses actually incurred.
GST reforms to bring big relief to people who suffered huge tax burden under Congress: Ashwini Vaishnaw
The GST Council's decision to bring all products, except those under the sin and luxury goods category, under 5 per cent and 18 per cent slabs, while reducing it to zero on a host of essential items, will come into effect from September 22, the first day of Navratri.
Lower GST on renewables to accelerate green projects, but all eyes on input price fluctuations: Industry
The biggest beneficiaries of the GST reduction will be the rooftop solar segment, giving a boost to PM Surya Ghar Muft Bijli Yojana
