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

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

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

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

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

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

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 ...

Freelancing is growing fast in India. Many people now work on their own instead of staying in one office all day. They may ...

With the Income Tax Return (ITR) filing season for Assessment Year (AY) 2026-27 gaining momentum, taxpayers across India are ...