AY 2026-27 ITR Exempt Income Reporting: Impact of Removal of “Any Other” Option
Income Tax Return filing for Assessment Year 2026-27 has introduced an important practical change in the reporting of exempt income and non-taxable…
Read the guide →Start Here
What are you figuring out?
From The TaxClear Desk
Latest guidance, without the jargon.
Practical guidance from the TaxClear CA Consultation Team.
Form 140 TDS Return Filing for Non-Salary Payments: Complete Compliance Guide for Tax Year 2026-27
Form 140 is an important TDS compliance form for reporting tax deducted on non-salary payments made to resident deductees. From Tax Year…
Read the guide →Amazon and Flipkart Seller Accounting in Tally: GST-Ready Automation for Online Businesses
Accounting for online sellers is one of the most time-consuming areas for accountants, tax professionals and finance teams. Amazon and Flipkart sellers…
Read the guide →RSU and ESPP Taxation in India: ITR Reporting Guide for Foreign Company Shares
Indian employees working with multinational groups often receive Restricted Stock Units (RSUs) or Employee Stock Purchase Plan (ESPP) shares from a foreign…
Read the guide →US Stock Investment Taxation in India: ITR Reporting for Capital Gains, Dividends and Schedule FA
Many Indian residents now invest directly in US stocks through platforms such as Vested and INDmoney. While the investment process has become…
Read the guide →NRI Capital Gains in ITR-2: How to Report Shares, Mutual Funds, Broker Statements and Losses
Many NRIs invest in Indian shares and mutual funds. When these investments are sold, the capital gains or losses have to be…
Read the guide →NRI ITR-2 Filing AY 2026-27: Complete Guide for Indian Income, Capital Gains and Tax Reporting
ITR-2 filing for NRIs for Assessment Year 2026-27 is important for taxpayers who have Indian income but do not qualify as resident…
Read the guide →AIS, TIS and Form 26AS in ITR: What Taxpayers Must Match Before Filing
Before filing ITR, taxpayers should always review AIS, TIS and Form 26AS. These statements may show salary, TDS, bank interest, dividend, securities…
Read the guide →ITR Tax Audit and Turnover: Cash Receipts, Digital Transactions and 44AB Reporting
Tax audit reporting in ITR is a practical area where many taxpayers make mistakes. The portal asks questions about turnover range, cash…
Read the guide →House Property Reporting in ITR: Rent, Tenant Details and Home Loan Interest
House property reporting in ITR may look simple, but mistakes are common. A taxpayer may have rental income, municipal tax, home loan…
Read the guide →Exempt Income in ITR: What to Report and What Records to Keep
Many taxpayers are confused about exempt income and non-taxable receipts while filing ITR. Some receipts are required to be reported in the…
Read the guide →FD Interest in Wife or Child Name: Clubbing Provisions and ITR Reporting
Many taxpayers open fixed deposits in the name of their spouse or child. This is very common in India. But while filing…
Read the guide →