Income Tax – Page 3 – SRK Analytics

ITR Filing 2026: New Reporting Provisions for Exempt Income Introduced

The Indian Income Tax Department has introduced a critical update to the Income Tax Return (ITR) forms for the 2026 assessment cycle, specifically addressing the reporting of tax-exempt receipts. Taxpayers…

Prasenjit Bhowmik July 4, 2026

Economy

ITR 2026: Mandatory Filing Rules Beyond Income Thresholds

Uncover mandatory ITR filing rules for 2026 beyond income thresholds, including high-value transactions and foreign assets, to ensure tax compliance.

Prasenjit Bhowmik July 3, 2026

Economy

Understanding TDS Obligations on Jointly Owned Property Rent

Individual tenants in India paying monthly rent exceeding ₹50,000 must now apply a per-landlord threshold when calculating Tax Deducted at Source (TDS) under Section 194IB of the Income Tax Act.…

Prasenjit Bhowmik July 3, 2026

Economy

Navigating the Tax Maze: Comparing the New and Old Regimes for a ₹25 Lakh Salary

With the Indian government continuously adjusting personal income tax structures, taxpayers earning a salary of ₹25 lakh annually currently face a critical decision between the default new tax regime and…

Prasenjit Bhowmik July 2, 2026

Economy

ITR Filing 2026: Tax Department Clarifies Transition Rules

The Income Tax Department has officially addressed growing taxpayer confusion regarding the transition to the new tax filing system scheduled for 2026, confirming that individuals will not be required to…

Prasenjit Bhowmik July 2, 2026

Economy

Navigating the ITR Filing Process: How to Track Your Status for AY 2026-27

Easily track your Income Tax Return status for AY 2026-27 using the official e-filing portal and stay informed on your tax journey.

Prasenjit Bhowmik June 30, 2026

Economy

Income Tax Return Calendar Gets Major Reset: New Filing Deadlines and Extended Revision Windows

In a significant shift for the fiscal calendar, tax authorities have announced a restructured timeline for Income Tax Return (ITR) filings, providing distinct deadlines for different categories of taxpayers. Effective…

Prasenjit Bhowmik June 30, 2026

Economy

The Essential Guide to e-Verifying Your Income Tax Return

Taxpayers filing their Income Tax Returns (ITR) in India must complete the mandatory e-Verification process within 30 days of submission to ensure their returns are legally valid. The Income Tax…

Prasenjit Bhowmik June 29, 2026

Economy

Understanding Section 87A Tax Rebates for AY 2026-27

Maximize your tax savings for AY 2026-27 by understanding Section 87A rebates and how they can reduce your income tax liability.

Prasenjit Bhowmik June 28, 2026

Economy

Tax Season 2025: Essential Guidance for Filing Income-Tax Returns

The Income-Tax Department has officially launched the online filing forms for ITR-1 through ITR-4 for the 2025-26 fiscal year, signaling the start of the annual tax compliance season. Taxpayers across…

Prasenjit Bhowmik June 27, 2026