You need your adjusted gross income from last year's taxes to file your federal income tax return online in 2026.

Missed filing your ITR ? The deadline may be over, but the law still gives you a chance to come clean with extra cost. Today's Ask Wallet Wise query decodes how to file the missed return for FY25 The ...

A Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for ...

A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax notice treating the ...

The National Board of Revenue (NBR) has extended the income tax return submission deadline for individual taxpayers by another month.

NBR has once again extended the deadline for filing income tax returns for individual taxpayers for 2025–2026 tax year until 31 March, 2026.

The Supreme Court issued notice on whether delay in filing ITR can be condoned under Section 119(2)(b). The High Court had refused relief, holding that internal director disputes do not constitute ...

Tax authorities initiated scrutiny and proposed addition solely because share acquisition details were not properly disclosed in the ITR. The case reinforces that for directors, the ITR functions as a ...

Taxpayers should file a revised return to correctly report crypto income and disclose it under the relevant schedule. If the ...

If you haven't filed your Income Tax Return (ITR) for the financial year 2024-25 (FY25), there's no need to panic. Even if ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.

The Draft Income Tax Rules, 2026, propose to remove the requirement of filing a separate form to claim concessional tax rates ...