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What is ITR-BN? CBDT notifies new income tax return form; check eligibility and filing details

New Delhi, July 30 -- The Central Board of Direct Taxes (CBDT) has notified a new income tax return form for block assessments arising from search and seizure cases. The ITR-BN (income tax return for ... Read More


Reddit user says mother received Rs.50L cash from inherited property sale; experts explain ITR rules, possible penalties

New Delhi, July 30 -- A Reddit user recently claimed that their mother inherited a property from her own mother and later sold it to a builder who allegedly insisted on making the payment in cash. Acc... Read More


ITR deadline tomorrow: What to select in the 'reason for filing ITR' field in your tax return form - Check here

New Delhi, July 30 -- With the July 31 income tax return (ITR) deadline now just a day away, the return filing season has entered its final and busiest phase. More than 5 crore ITRs have already been ... Read More


This EPFO error is silently hurting job prospects and hiring chances for several subscribers. Here's how

New Delhi, July 30 -- Several Employees' Provident Fund Organisation (EPFO) subscribers have reported discrepancies in their service history on the EPFO member portal, with some seeing overlapping emp... Read More


Section 10 of the Income-tax Act: Misusing these provisions to save tax may result in a 200% penalty

New Delhi, July 30 -- As income tax return (ITR) deadline is just a day away, Section 10(14)(i) has emerged as a widely discussed tax-saving provision among salaried employees. Several users on social... Read More


Gift worth over Rs.50,000 from non-relative? This rule can eliminate tax liability: Here's how

New Delhi, July 29 -- Receiving cash, property, shares or other assets worth more than Rs.50,000 from a non-relative as a gift is treated as taxable income under Section 56(2)(x) of the Income-tax Act... Read More


Gift worth over Rs.50,000 from a non-relative is taxable, but this rule could wipe out this liability; here's how

New Delhi, July 29 -- Receiving cash, property, shares or other assets worth more than Rs.50,000 from a non-relative as a gift is treated as taxable income under Section 56(2)(x) of the Income-tax Act... Read More


ITR filing 2026: Where to file return online other than the tax portal; know the charges

New Delhi, July 29 -- As the due date for filing income tax return (ITR) for assessment year 2026-27 (FY2025-26) is just two days away, many taxpayers may be looking for easier ways to submit their re... Read More


"I'll do it tomorrow" often turns into deadline-day panic, warns income tax dept ahead of 31 July ITR due date

New Delhi, July 29 -- With the July 31 deadline for filing income tax return (ITR) for Assessment Year 2026-27 (FY2025-26) just two days away, the income tax department has issued a timely reminder fo... Read More


ITR filing deadline: After 4 extensions in last 5 years, why AY 2026-27 may not get extra time

New Delhi, July 29 -- With the deadline for filing the income tax return (ITR) for the Assessment Year 2026-27 (FY 2025-26) drawing closer, many taxpayers are once again wondering whether the governme... Read More