Over 6.5 crore income tax returns have been filed for assessment year 2026-27 as of August 20, including more than 2 crore ITR-3 and ITR-4 forms, with a deadline of August 31 for non-audit taxpayers.
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Over 6.5 crore income tax returns have been filed for assessment year 2026-27 as of August 20, including more than 2 crore ITR-3 and ITR-4 forms, with a deadline of August 31 for non-audit taxpayers.
More than 6.5 crore income tax returns have been filed for AY 2026-27, including over 2 crore ITR-3 and ITR-4 returns. The Income Tax Department has urged non-audit taxpayers to file before August 31.
The probe comes after data showed 6,422 entities remitted Rs 1.29 lakh crore abroad in Q2 FY26. A significant 72.3% of the total outflow went to five jurisdictions—Singapore, UAE, Hong Kong, Mauritius and China.
From converting dollar payments into rupees to filing the right ITR, claiming business expenses and dealing with GST, there are several rules freelancers need to keep in mind.
If a notice is issued, you need to first verify the authenticity of the document on the official income-tax e-filing portal.
CBDT has notified Foreign Assets of Small Taxpayers-Disclosure Scheme Rules, 2026, effective August 16; sets Rs 1 crore and Rs 5 crore thresholds for eligibility.
From belated and revised returns to ITR-U, taxpayers still have options after missing the original filing deadline. Here's a look at the remaining ITR deadlines for AY 2026-27.
Unlike salaried employees, freelancers generally do not receive Form 16 because their earnings are not treated as salary income.
A taxpayer paid over Rs 1.14 crore in income tax but appears to qualify for just Rs 10 as a refund. A CA’s post explaining the tiny refund has sparked reactions online.
A delay beyond the July 31 deadline may lead to financial and legal consequences, including a late filing fee and interest on pending tax payments.