As taxpayers prepare to file returns for AY 2026-27, experts are warning that common mistakes such as choosing the wrong ITR form or failing to disclose all income sources could lead to penalties, ...

Learn when senior citizens must file an Income Tax Return, who qualifies for the age-75 exemption, and how Form 125 works.

An amount of Rs. 1,293/- was deducted by ICICI Bank during the Financial Year 2023-24 as Income Tax at Source (TDS) from the interest payable to me on my investment in senior Citizen Savings Scheme ...

After you file the income tax return (ITR), the Income Tax Department processes the return and issues an intimation under Section 143(1) of the Income Tax Act. This intimation provides the details ...

The Annual Information Statement (AIS) is a comprehensive statement that provides detailed financial information about a taxpayer for a specified financial year. It includes data on income, tax ...

You may then have to file a corrected return within the prescribed time. This can increase processing time and delay your ...