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Don't miss this tax benefit: How car buyers can claim a minimum Rs.10,000 refund

New Delhi, July 19 -- Buying a car is a major expense but many buyers don't realise they may be entitled to an income tax refund on the purchase. If the vehicle's value exceeds the prescribed limit, t... Read More


ITR filing 2026: When should a salaried taxpayer file ITR-2 instead of ITR-1?

New Delhi, July 19 -- Many salaried taxpayers assume they can simply file ITR-1 (Sahaj) because their primary source of income is salary, which is not always true. If you have income from multiple sou... Read More


Foreign asset details for 2022-24 now available under AIS: What to do if you missed disclosing them in previous ITRs?

New Delhi, July 18 -- Taxpayers will now be able to access information about their foreign assets and income directly through the Annual Information Statement (AIS) on the income tax e-filing portal, ... Read More


ITR filing 2026: FD interest is taxable - here's how to report it correctly

New Delhi, July 18 -- If you have earned interest from fixed deposits (FDs) during the financial year 2025-26, you are required to report it while filing your income tax return (ITR) which is due on J... Read More


Claiming tax relief on salary arrears, advance pay or gratuity? Here's why Form 10e must be filed before ITR

New Delhi, July 18 -- Salary arrears, advance pay, gratuity and certain other lump-sum payments can increase your tax liability by pushing up your total income for a financial year. To reduce this bur... Read More


ITR filing 2026: If your tax liability is nil after Section 87A rebate, should you still file a return?

New Delhi, July 18 -- If your tax liability becomes zero after claiming the Section 87A rebate, you may assume that you no longer need to file an income tax return (ITR). However, the rebate only redu... Read More


EPFO interest credit begins: How members can check if the amount is credited to their accounts

New Delhi, July 15 -- EPFO members may begin seeing the annual interest for FY2025-26 reflected in their provident fund accounts from today July 15, as the retirement fund body starts crediting intere... Read More


Property registry alone doesn't prove ownership: Here's what else homebuyers need to do

New Delhi, July 15 -- Imagine you have purchased a house in a city, paid the full amount and even completed the property registration in your name. Most homebuyers would assume that the job is done an... Read More


EPFO alert: Why updating your profile photo is crucial for e-nominations and PF claims

New Delhi, July 15 -- EPFO members must ensure that they upload a recent profile photo on the Unified Member Portal to complete e-nominations and facilitate online claim settlements. The profile photo... Read More


India-UK trade deal takes effect: What gets cheaper and which sectors benefit the most - all you need to know

New Delhi, July 15 -- The India-UK Comprehensive Economic and Trade Agreement (CETA) came into effect on Wednesday, which is expected to boost bilateral commerce by reducing trade barriers and creatin... Read More