With the July 31, 2026, deadline for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 fast approaching, taxpayers earning long-term capital gains (LTCG) from listed shares, equity ...

Taxpayers must accurately report capital gains from shares, mutual funds, and ETFs while filing the ITR for AY 2026-27. It is ...

The government has simplified tax filing by allowing up to Rs 1.25 lakh LTCG in ITR-1. This benefits salaried individuals and ...

Taxpayers, take note! The Income Tax Department has officially released ITR forms 1 to 5 for Assessment Year 2025-26. Here’s a complete breakdown of the changes compared to last year. In a major ...

Individuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandatory filing applies if you have capital losses to carry forward ...

The shift is the result of a key relaxation in the eligibility rules for ITR-1 for AY 2026-27. Earlier, the presence of any capital gains however small pushed a taxpayer out of ITR-1 and into ITR-2.

Section 54EC provides that a taxpayer can claim exemption from long term capital gains arising from of sale of a land and building held for more than 24 months ...

AI Quick Read For most taxpayers, filing an income tax return begins with choosing the correct ITR form. That choice has become more important this year, with the Income Tax Department revising the ...

Taxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is ...

With the ITR filing momentum on its peak, we focus today on two practical tax queries that would interest readers.

Carried-forward losses can then be offset against eligible capital gains in subsequent years, allowing investors to optimize tax efficiency over time. If your stock market portfolio ended FY 2025-26 ...