For taxpayers filing ITR-4 for Assessment Year (AY) 2026-27, disclosing their bank balance has now been made mandatory. The ...
The Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, ...
Income Tax Department updates ITR forms for AY 2026-27, expanding disclosures for salaried taxpayers, traders and small ...
The latest revision in ITR-4 for assessment year 2026–27 sharpens the existing compliance norms. The financial particulars of ...
Small businesses and freelancers opting for presumptive taxation must now declare fixed deposits, equity, mutual fund holdings ...
The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...
Filing the correct Income Tax Return form is crucial. and taxpayers must select forms based on income sources. Here are the ...
The Central Board of Direct Taxes (CBDT) has introduced a major change in the revised ITR-4 by making investment disclosure ...
Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...
The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under ...
Taxpayers should be aware of the necessary documentation and deadlines for filing ITR. For FY2025-2026, the deadline is 31 ...
Draft Income Tax Rules 2026: Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details are some of the changes that income taxpayers can ...