For taxpayers filing ITR-4 for Assessment Year (AY) 2026-27, disclosing their bank balance has now been made mandatory. The ...

To file ITR-4 for AY 2026-27, visit the Income Tax e-Filing Portal, verify details, enter income and deductions, validate the form, and submit using Aadhaar OTP or EVC. Eligibility includes earning ...

Taxpayers should be aware of the necessary documentation and deadlines for filing ITR. For FY2025-2026, the deadline is 31 ...

The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under ...

Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...

Small businesses and freelancers opting for presumptive taxation must now declare fixed deposits, equity, mutual fund holdings ...

The Income Tax Department has notified all seven ITR forms, along with ITR-V and ITR-U, for the Assessment Year 2026-27 (Financial Year 2025-26). This has led many taxpayers to wonder if they can ...

Finance Minister Nirmala Sitharaman announced staggered ITR deadlines while presenting the Union Budget 2026 on 1 February ...

Purpose / when used Filed after missing the original due date (late filing). Filed to correct an error/omission in an already-filed return (original or belated). Filed to voluntarily disclose missed ...

The government has revamped ITR-1 to ITR-4 forms, simplifying capital gains reporting while expanding disclosures on property, donations, investments, political contributions and businesses.