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.

Many taxpayers assume that long-term capital gains (LTCG) below the ₹1.25 lakh exemption limit need not be reported in their income tax return. Tax experts say that's a common misconception that could ...

The ITR filing due date is today for eligible taxpayers. Some are also hoping for an extension like last year, but experts ...

From reporting income from two house properties to furnishing additional details for donations and rental income, the latest ITR-1 utility brings several changes. Here's what taxpayers need to know ...

A LinkedIn post by information security specialist Uddeshya Kumar has gone viral after he detailed how he used Anthropic’s Claude AI desktop application to complete his ITR-1 filing process ...

Salaried taxpayers planning to file their Income Tax Return (ITR)-1 for Assessment Year (AY) 2026-27 should take note of several important changes introduced in the latest Excel utility. According to ...

There is an important update for those who file income tax returns annually. The Income Tax Department has officially begun the process of filing income tax returns for the financial year 2025-26 (AY ...

Because there are some financial transactions that could make you ineligible to file ITR-1 and require you to switch to ITR-2 or even ITR-3. Filing the wrong return form can delay ...

Think your salary determines which income tax return form you should file? It doesn't. The right ITR form depends on your ...

There are a total of seven income tax return filing forms and each year there are changes in some of these forms, so it’s important to be informed if your ITR form for a financial year is different ...