It has been almost 2 months since the new financial year started. The Income Tax Department has soon issued a notification to file ITR for the assessment year 2025-26. After which taxpayers started ...

Indian ROR taxpayers must disclose all foreign assets and interests in Schedule FA, even if non-taxable abroad. Non-compliance can trigger strict penalties under the Black Money Act, though a ₹20 lakh ...

Income Tax Refund Update: The last date to file income tax return is 31 December, which is just seven days later. Meanwhile, the income tax department has been sending bulk SMS and emails to some ...

Tax Return Issues And Delays 2025: Tax returns this year have caused a state of confusion. The deadline for submitting Income Tax Returns (ITR) for AY 2025-26 ended on September 16, 2025, and a ...

According to the ClearTax annual report, traditionally, the bulk of salaried taxpayers filed simpler forms such as ITR-1, ...