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

ITR filing rules for super senior citizens come with several relaxations, including relief from mandatory e-filing in specific cases. Here’s a look at the eligibility conditions, exemptions and key ...

First-time ITR filing can be complex due to multiple forms and compliance rules. Taxpayers must verify income details, choose ...

In India, intraday trading profits are taxed as speculative business income, while Futures & Options trading profits are ...

The Tribunal accepted the assessee’s claim that the opening capital figure in the earlier ITR was wrongly reported due to ...

This means shares purchased from the stock market can also be legally transferred as a gift. However, such gifts are governed ...

Tax experts say that even salaried individuals may fall under the business income category if they trade in derivatives, ...

Retirement does not automatically exempt individuals from income tax filing, as pension income remains taxable in many cases.

A Bengaluru-based business consultant received an Income Tax Department intimation despite correctly filing his ITR and legally switching from the new to the old tax regime. The case highlights how ...

The ITAT Ahmedabad held that demonetisation-related cash deposits cannot be treated as unexplained money merely on suspicion when sales are properly recorded in books. The Tribunal upheld deletion of ...

Struggling with visa financial requirements? Discover the essential documents like ITR, salary slips, and bank statements ...