Income Tax
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Missed July 31 ITR deadline? Here's what you can do to minimise penalties, protect your tax benefits
Income Tax | Aug 03, 2026, 04:38 PM ISTIf you've missed the deadline, the first priority is to clear any outstanding self-assessment tax, as interest will continue to accrue until the tax is paid.
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Don't wait until last minute as late ITR filing risks delayed refunds and extra charges: Details
Income Tax | Jul 30, 2026, 03:19 PM ISTOne of the biggest consequences of delayed ITR filing is the postponement of tax refunds. If a taxpayer is eligible for a refund, filing the return late generally means waiting longer to receive that money.
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3 days left to file ITR for FY26, here's how missing the July 31 deadline affects taxpayers
Income Tax | Jul 29, 2026, 03:13 PM ISTIncome Tax ReturnUnder Section 139(4) of the Income Tax Act, 1961, taxpayers who fail to file their returns by the due date can submit their belated returns by December 31, 2026, or before the completion of the assessment process.
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4 crore income tax returns filed so far, Finance Ministry urges taxpayers to beat July 31 deadline
Income Tax | Jul 27, 2026, 03:36 PM ISTITR-1 (Sahaj) is a relatively simple form designed for a large number of small and medium taxpayers. This form can be filed by taxpayers with annual income up to Rs 50 lakh.
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Your financial profile can improve home loan eligibility after ITR filing: All you need to know
Personal Finance | Jul 22, 2026, 03:25 PM ISTTwo similar earners can walk into the same bank with very different loan approvals purely because one of them declared their side income through proper filing and the other did not.
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Key factors to consider before choosing old vs new tax regime, expert explains
Income Tax | Jul 21, 2026, 04:55 PM ISTOne of the main errors taxpayers commit is electing a tax regime which is only beneficial in the current year.
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ITR filing 2026: Five important income tax-related deadlines in July you should not miss
Income Tax | Jun 30, 2026, 05:04 PM ISTOne of the important deadlines for most individual taxpayers is July 31, 2026. Those filing ITR-1 and ITR-2 for the financial year 2025-26 must file their returns by this date.
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Big blow to Azam Khan's Jauhar Trust as I-T Dept cancels tax exemption over 'non-genuine' activities
Uttar Pradesh | Jun 25, 2026, 06:34 PM ISTThe Income Tax Department has revoked the tax-exempt status of Azam Khan-promoted Maulana Mohammad Ali Jauhar Trust, alleging "non-genuine" activities that violated its declared charitable objectives. The Trust may now face tax demands, interest and penalties.
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Income Tax: Foreign travel and luxury spending can create tax filing obligations - Details
Market | Jun 15, 2026, 05:16 PM ISTRemember that non-filing carries costs beyond penalties. You forfeit the TCS credit and leave an unexplained AIS footprint that can mature into a notice or a best-judgment assessment.
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Tax notices are increasing: Here are some common mistakes that trigger them
Income Tax | Jun 12, 2026, 02:42 PM ISTOne of the most common triggers for tax notices is the mismatch between the income reported in the Income Tax Return (ITR) and the information available in the Annual Information Statement (AIS), Taxpayer Information Summary (TIS), or Form 26AS.
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Rules changing from June 1: From income tax to car prices, these major changes to impact your pocket
Personal Finance | Jun 01, 2026, 11:27 AM ISTTo make digital payments more secure, the official name of the person or merchant registered with the bank will now be visible before sending money via UPI.
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Income Tax Return of AY 2026-27 begins with release of excel utilities for ITR-1, ITR-4
Income Tax | May 15, 2026, 01:18 PM ISTIncome Tax Return of AY 2026-27: Taxpayers can prepare an Excel sheet offline and upload it to the portal as per their convenience.
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PPF Extension Rule: For how long can you keep it going, and what are the options? Full details
Personal Finance | Apr 09, 2026, 03:55 PM ISTPPF remains the safest, tax-free, and guaranteed return small savings scheme, and therefore, if you don't need the money immediately, you can remain invested and avail the benefits of long-term investment.
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Form 121 for TDS exemption: Here's what has changed for taxpayers - Full details
Personal Finance | Apr 06, 2026, 01:29 PM ISTForm 121 has replaced Forms 15G and 15H under the new Income Tax Act, 2026, simplifying TDS exemption for all taxpayers with a single, unified declaration process.
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Income tax rules 2026: 10 key changes from April 1 investors, salaried people must know
Personal Finance | Mar 31, 2026, 02:08 PM ISTStarting April 1, 2026, Permanent Account Number (PAN) will be mandatory for if the total amount in a financial year reaches Rs 10 lakh or more.
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Draft Income Tax rules propose higher PAN thresholds, new crypto reporting norms
India | Feb 09, 2026, 07:10 PM ISTDraft Income Tax Rules propose higher PAN limits for cash transactions, property, vehicles, and hotel bills, expand metro cities for HRA, revise perquisite values, and mandate crypto exchanges to share data with tax authorities.
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Budget: From no changes in income tax rates to new ITR deadline, key announcements by Sitharaman
Budget | Feb 01, 2026, 02:42 PM ISTSitharaman proposed to exempt Minimum Alternate Tax (MAT) for non-residents who pay tax on presumptive basis.
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Budget 2026 HIGHLIGHTS: Centre defends long-term growth aimed Budget against Opposition's jabs
Budget | Feb 01, 2026, 08:47 PM ISTBudget 2026 LIVE: Finance Minister proposed to raise STT on futures trades to 0.05 per cent from 0.02 per cent. On options premium and exercise of options, the STT on both is proposed to be raised to 0.15 per cent from 0.1 per cent and 0.125 per cent, respectively.
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Budget 2026: Big tax relief for married couples? Government's big plan on joint tax system
Budget | Jan 21, 2026, 05:05 PM ISTOnce implemented, the joint tax system will be extremely useful for single-income families, retired couples, and families where the tax exemption for the non-earning spouse currently goes unused.
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Union Budget 2026: Tax slabs set for a big shake-up or higher exemption limit ahead? All eyes on FM
Budget | Jan 20, 2026, 04:55 PM ISTIn the Union Budget 2025, the government offered a huge relief to the middle class by announcing that income up to Rs 12 lakh per annum would be tax-free under the new tax regime.