New Delhi, July 17 -- Tax compliance nowadays is no longer just about filing an annual tax return. It is about staying vigilant and being clear about your tax-related compliance issues with tax authorities.

With 31 July being the due date for filing income tax returns (ITRs) for Assessment Year 2026-27, taxpayers have just about two weeks more to prepare and complete the process.

As of 17 July, more than two crore ITRs have already been filed.

Income tax authorities rely on multiple reporting systems, and financial institutions share transaction data with the IT department to improve tracking.

You should retain all essential information and documents to establish the purchase, sale, holding period and taxability of your investments. ...