The Income Tax Department of India has intensified its efforts to track foreign income and assets held by resident taxpayers. Leveraging global data-sharing networks under the Common Reporting ...

The Income Tax Department has enabled ITR-2 filing for AY27 as experts warn investors and NRIs against costly filing errors ...

The Income Tax Department has enabled online filing of ITR-2 for AY 2026-27 on the e-filing portal. Check who can file ITR-2, ...

Wrong ITR form selection, incorrect residential status, and missing Indian income disclosures can create tax complications ...

It is important to have access to e-verification methods such as Aadhaar OTP, net banking or digital signature certificate ...

The Income Tax Department has launched online filing for ITR-1, ITR-2, and ITR-4 for AY 2026-27. Taxpayers must note changes, ...

Selecting the appropriate Income Tax Return (“ITR”) form is a crucial step in ensuring accurate tax compliance. Filing an ...

The Income Tax Department has officially enabled online filing and Excel Utility for ITR-2 for Assessment Year (AY) 2026-27 ...

With more Indians investing in cryptocurrencies and overseas equities understanding the tax treatment of these assets has become crucial. Taxpayers earning earning profits from Bitcoin, Ethereum, US ...

Taxpayers with foreign assets, high income, capital gains, or business complexities cannot file simplified ITR forms. Using the wrong form may result in defective returns and compliance ...

ITR Filing FY2024-25: One of the most common questions that arises during the ITR filing season every year is: Does my income level make me eligible to file an income tax return? What do the income ...

ITR-2 applies to individuals and Hindu Undivided Families who do not earn income from a business or profession.