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ITR filing deadlines for FY 2025–26 (AY 2026–27) are no longer the same for every taxpayer. The due date depends on the type of income earned, the ITR form used, and whether the accounts require a tax audit. In simple terms, most salaried individuals must file by July 31, business owners without an audit get time until August 31, and audit cases move to October 31. Choosing the correct deadline is important because filing late can lead to penalties, interest, and even delays

A taxpayer has the opportunity to file a complaint with the tax department if they are having trouble understanding any problems with their income tax return (ITR), TDS certificate, or any other income tax-related concerns. The grievance redressal procedure is used to file this complaint. To handle taxpayer concerns, the Income Tax Department has a Unified Grievance Management system called e-Nivaran. There is an internet channel for filing complaints about tax filing. In thi

Under sections 92A to 92F of the Income Tax Act, the corporation essentially completes Form 3CEB in conjunction with Form 3CD in accordance with transfer pricing requirements. Transfer Pricing is the main topic of these sections. Companies that carry out specific domestic and international transactions with any associate enterprise are required to file Form 3CEB. All foreign transactions as well as specific domestic transactions with related businesses are fully detailed in F

Managing taxes as a freelancer or professional in India can be a complex task, especially with the variety of regulations and compliance requirements that must be adhered to. Section 44ADA of the Income Tax Act, however, simplifies this process for eligible individuals. This presumptive taxation scheme offers significant tax benefits, including exemptions from maintaining detailed books of accounts and the requirement for tax audits for professionals whose gross receipts do n

Accurate tax reporting forms the backbone of smooth income tax return (ITR) filing. Among the key documents, Form 16 stands out as an essential certificate issued by employers that details salary income and the tax deducted at source (TDS). This certificate serves as a verified proof of the income earned and taxes paid during the financial year. Proper use of Form 16 during ITR filing significantly reduces errors and discrepancies that often trigger income tax notices from th

Income tax return filing for the financial year 2025–26 follows a structured timeline based on the type of taxpayer and the complexity of income. Each category, whether salaried individuals, professionals, businesses, or entities involved in international transactions, is assigned a specific due date to ensure smooth compliance. These deadlines are not uniform and vary depending on factors such as audit requirements, nature of income, and reporting obligations. Timely filing

Taxpayers do not all need the same level of support during tax filing. Some prefer self-filing with guided tools, others need expert review for accuracy, and some require deeper advisory support for planning and compliance. TaxBuddy structures its services around these different needs through three clear service layers: DIY filing, assisted filing, and expert consultations. This approach helps salaried individuals, freelancers, and businesses choose the right level of involve

looking for ways to save money and plan their taxes. They look for improved tax-saving options to lessen their tax burden because they care about their hard-earned money. One such choice available to Indians in the salaried class is the deductions specified in Chapter VI-A. In this article, we will explain these deductions in detail. Table of content Understanding Income Tax Deductions for Salaried Employees What is Chapter VI-A? Objectives of Chapter VI-A Deductions Deductio

Form 16 is a vital document for salaried individuals in India. It serves as a certificate of tax deducted at source (TDS) by the employer, providing crucial details of the salary earned and the tax paid. For taxpayers, it acts as a proof of tax payment and is essential when filing income tax returns (ITR). The form helps in ensuring that the tax deducted by your employer is correctly reflected in the income tax system, and it provides a clear overview of your taxable income.

It is common for salaried individuals to take a home loan while continuing to live in rented accommodation, often due to work relocation, family needs, or ongoing construction of their self-owned property. In such cases, taxpayers wonder if they can claim both House Rent Allowance (HRA) and home loan interest deduction in the same financial year. The Income Tax Law do allow both benefits, but only when certain conditions are met. HRA exemption is available under Section 10(13