Search results for income tax e-filing explained in India 2026 explained 2026
- indiapolicyhub.in › 2026 › 07 › 10EN
ITR e-Filing 2026: Step-by-Step Guide for AY 2026-27
Filing your income tax return for Assessment Year 2026-27 comes with a few more twists than usual. India’s tax system is in the middle of a significant transition and hence there are certain key facts about ITR e-Filing 2026 which you should know. While the new Income Tax Act, 2025 has officially come into effect, the return you’re filing this year for income earned during FY 2025-26 is still governed by the old law. [...] For decades, taxpayers in India have worked with two separate terms: the Financial Year, when income is earned, and the Assessment Year, when that income is reported and taxed. The Income Tax Act, 2025 simplifies this system by replacing both with a single term called the “Tax Year,” which runs from 1 April to 31 March. The change is explained in detail by ClearTax. Going forward, income earned from April 2026 onwards will simply be reported for “Tax Year 2026-27,” without the separate [...] The introduction of the new Act has generally been viewed as a welcome attempt to simplify India’s direct tax framework, a view reflected in this commentary . Behind the scenes, however, there have been several structural changes. Many familiar forms have been renumbered under the new legislation. For example, Form 16 now has a different corresponding form number under the Income Tax Act, 2025. The e-filing portal has also separated downloadable forms into two categories, one for the Income Tax
- sscoindia.com › blog › what-is-itr-income-tax-return-india-2026-guideEN
What is ITR? Complete Guide to Income Tax Return Filing in India (2026)
In 2026, income tax compliance in India is fully digital, data-driven, and strictly monitored. Delaying ITR filing can result in: Late fees Refund delays Filing early ensures: Peace of mind Financial credibility Faster refunds Complete compliance Whether you are salaried, a business owner, a director, or an NRI, professional guidance helps avoid costly mistakes. For secure, accurate, and nationwide online filing support, choose SSCOIndia. [...] # What is ITR? Complete Guide for 2026 ## What is ITR and Why It Matters in 2026 ITR stands for Income Tax Return. It is an official document that taxpayers in India submit to the Income Tax Department to report their income, expenses, deductions, and tax liabilities for a financial year. In simple words, ITR filing is how you inform the government about how much you earned and how much tax you have paid. [...] It ensures legal compliance under the Income Tax Act, 1961 It helps avoid penalties and interest It protects you from income tax notices It enables you to claim tax refunds It creates financial credibility In 2026, the Income Tax Department uses advanced analytics through AIS (Annual Information Statement) to track high-value transactions, investments, and income mismatches. Even minor discrepancies can trigger scrutiny.
- instagram.com › reel › DYWdbK0B8rnEN
cleartax on Instagram: "🚨ITR Filing for AY 2026-27 is Now LIVE! The Income Tax Department has officially enabled online filing and Excel utilities for ITR-1 and ITR-4 on the e-Filing portal. 📄 🔹 Taxpayers can now start filing their returns for the Assessment Year 2026-27. 🔹 Filing early may help avoid last-minute stress and delays. [itr filing live, itr filing 2026, ay 2026-27, income tax return filing, itr 1 filing, itr 4 filing, income tax india, e filing portal, tax filing india,cleartax ITR Filing, cleartax]"
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- incometax.gov.in › iec › foportal › helpEN
Objective and scope of the New Act | Income Tax Department
Effective 1 April 2026, the 1961 Act will be repealed. However, its provisions will continue to govern all tax years beginning before 1st April, 2026. Accordingly: (i) The Income -tax Department's e -filing portal will facilitate compliance under both the old and the new Acts concurrently. (ii) Taxpayers filing returns for AY 2026 -27 (pertaining to the period governed by the old Act) in July 2026 will do so using the forms prescribed under the old Act. At the same time, advance tax payments [...] A 'Tax year' is a period of twelve months contained in a financial year. It replaces the term 'previous year' used in the Income Tax Act, 1961. The concept of "Tax Year " is applicable from 01 April 2026, i.e., for income earned during FY 2026 -27 onwards and this will be referred to as Tax Year 2026-27 under the Income Tax Act ,2025. Simply put, Tax Year concept under the new Act corresponds to Previous Year concept under the Income Tax Act, 1961. Accordingly, the income of a Tax Year [...] # EFiling Logo EFiling Logo e-filing and Centralized Processing Center e-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries 1800 103 0025 (or) 1800 419 0025 08:00 hrs - 20:00 hrs (Monday to Friday) Tax Information Network - NSDL Queries related to PAN & TAN application for Issuance / Update through NSDL +91-20-27218080 07:00 hrs - 23:00 hrs (All Days) AIS and Reporting Portal
- incometax.gov.in › iec › foportalEN
Home | Income Tax Department
The Income Tax Department has enabled the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FADS 2026) on the e-Filing Portal. Introduced as a one-time compliance opportunity by the Government, this scheme allows eligible taxpayers to voluntarily disclose specified foreign assets and foreign income that were not reported. Under the scheme, eligible taxpayers can furnish the prescribed declaration form online through the e-Filing Portal. Navigation Path: e-File → Income Tax Forms → File [...] Search description The new and intuitive official website of Income Tax Department which deals with e-Filing of returns/forms and other related functionalities. Follow us on youtube twitter facebook whatsapp instagram Last reviewed and updated on : 01-Nov-2026 This site is best viewed in 1024 \ 768 resolution with latest version of Chrome, Firefox, Safari and Internet Explorer. Copyright @ Income Tax Department, Ministry of Finance, Government of India. All Rights Reserved. [...] 2. Due dates for filing of Income Tax Returns and Audit Reports for AY 2026-27 are extended in the cases of persons mentioned at Sl.No.2 in the Table below Explanation2 to Sub-section (1) of Section 139 of Income Tax Act 1961 vide Circular No.07/2026 dated 28th September,2026. 3. Form 1 under the “Foreign Assets of Small Taxpayers Disclosure Scheme” is now available for filing.
- fincart.com › blog › itr-filing-2026EN
ITR Filing 2026: Complete Step-by-Step Guide - Fincart
## What Is ITR Filing and Why Should Even Zero-Tax Earners File? An Income Tax Return is a formal declaration you submit to the Income Tax Department of India, covering your income, tax paid, deductions claimed, capital gains, assets, and losses for the relevant financial year. For Assessment Year 2026-27, it covers income earned between April 1, 2025 and March 31, 2026. But ITR filing matters even when your income falls below the taxable limit, for quite a few reasons: [...] The online filing process for ITR filing 2026 works as follows: ###### Step 1: Log In to the Income Tax Portal Go to the income tax portal and log in using your PAN as the user ID. First-time filers need to register using their PAN, Aadhaar, and registered mobile number. Ensure your Aadhaar is linked with your PAN before proceeding as this is mandatory. ###### Step 2: Download Your AIS and Form 26AS First [...] ITR filing 2026 is manageable when your income profile is straightforward. But the moment you add capital gains, rental income, business income, or foreign assets, it gets considerably more complex. At Fincart, our tax consulting services are built around your specific income profile. Whether you are a salaried professional, a freelancer with multiple income streams, or an investor with equity and mutual fund positions, our team takes a personalised approach to your return.
- incometax.gov.in › iec › foportal › helpEN
Income Tax Returns | Income Tax Department
These are two entirely separate compliance obligations: (i) For AY 2026 -27 (income of FY 2025 -26): File the return using old ITR forms on the e -filing portal, selecting AY 2026 -27. The due date is 31st July, 2026 or 31st August for non -audit cases , etc. (ii) For Tax Year 2026 -27 (income of FY 2026 -27): This return is not due until July 2027. However, the taxpayer should keep track of income, TDS, and advance tax payments under the new Act framework from April 2026 onwards. [...] For AY 2026 -27, the ITR forms (ITR -1, ITR -2, ITR -3, ITR -4, ITR -5, ITR -6, ITR -7) applicable under the Income Tax Act, 1961 will soon be notified. These forms will be available on the e -filing portal well before the due date. Taxpayers should select AY 2026 -27 while filing the ITR for income earned during FY 2025 -26. ### 6. If a taxpayer discovers an error in the ITR filed for AY 2026 -27 and wishes to file a revised return, which Act governs the revision? [...] The new ITR forms under the Income Tax Rules, 2026 will be notified by the Government well before the due dates for filing returns for Tax Year 2026 -27. These ITR forms will be made available on the e -filing portal. ### 12. What are the time -limits for filing belated return, revised return and updated return in the Income Tax Act, 2025?
- incometax.gov.in › iec › foportal › helpEN
Salaried Individuals for AY 2026-27 | Income Tax Department
# EFiling Logo EFiling Logo e-filing and Centralized Processing Center e-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries 1800 103 0025 (or) 1800 419 0025 08:00 hrs - 20:00 hrs (Monday to Friday) Tax Information Network - NSDL Queries related to PAN & TAN application for Issuance / Update through NSDL 07:00 hrs - 23:00 hrs (All Days) AIS and Reporting Portal [...] | | | --- | | 5. Form 26 AS | AIS (Annual information Statement) | | Provided by: Income Tax Department (It is available on e-Filing Portal: Login > e-File > Income Tax Return > View Form 26AS) | Provided by: Income Tax Department (It can be accessed after logging on to Income Tax e-Filing portal) Login to e-filing portal > AIS | [...] | | | 4. Form 67- Statement of Income from a country or specified territory outside India and Foreign Tax Credit | | Submitted by | Details provided in the form | | Taxpayer on or before the due date specified for furnishing the ITRs u/s 139(1) of Income Tax Act,1961. | Income from a country or specified territory outside India and Foreign Tax Credit claimed |
- timesofindia.indiatimes.com › business › india-business › itr-deadline-on-july-31-2026-top-things-nris-should-keep-in-mind-when-filing-tax-returnEN
ITR deadline on July 31, 2026: Top things NRIs should keep in mind when filing tax return - The Times of India
However, NRIs should first confirm their tax residential status for the relevant financial year and accordingly report their taxable income.First-time filers should register on the Income Tax e-Filing portal at incometax.gov.in, ensure that their PAN, bank account and contact details are updated and keep supporting documents relating to income and taxes deducted readily available before filing the return.The applicable income tax return form for NRIs is generally ITR-2, where there is no [...] ## NRI tax filing: Quick guide Parizad Sirwalla, Partner and Head - Global Mobility Services, Tax, KPMG in India shares some important pointers and tips:The return filing process and mandatory return filing requirement for NRIs is broadly similar to that of resident taxpayers, as returns are filed through the same Income Tax e-Filing portal using the applicable ITR form. Watch ITR Filing 2026: 10 Costly Mistakes To Avoid [...] where there is no business or professional income. In case of business or professional income, ITR-3 should be used, in which case your deadline is August 31, 2026.Also Read | ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guideBefore filing, NRIs should review Form 26AS, Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) to verify tax deducted at source, income details and other reported transactions.It is important for
- finance.yahoo.com › news › every-tax-filing-status-explained-180000393.htmlEN
Every Tax-Filing Status Explained
You must pay for more than 50% of your household's expenses. You must be unmarried for the entire tax year. You must have qualifying individuals who rely on you, such as biological children, foster children, grandchildren, siblings, parents, step-parents and in-laws, who lived with you for more than half the year. You must be able to claim the qualifying individuals as dependents. [...] ### 1. Single The single filing status generally applies to taxpayers who are unmarried or are legally separated from their spouse, have a separate maintenance decree or are divorced by decree on the last day of the tax year, and have no dependents. [...] 8 min read | | Married Filing Jointly | Married You and your spouse agree to file one tax return | | Married Filing Separately | Married You and your spouse file separate returns | | Qualifying Widow(er) | Your spouse died during one of the past two years Have at least one dependent child living in the home for the entire year Have not remarried by the end of the current tax year Paid more than 50% of household costs |