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 →Foreign Income in ITR: Schedule FSI, Schedule FA, Schedule TR and Social Media Income
Foreign income reporting in ITR-3 should never be taken lightly. Many Indian residents now receive income from YouTube, Meta, Instagram, Facebook, Twitter,…
Read the guide →F&O and Intraday Reporting in ITR: Turnover, Losses and Business Income Explained
F&O and intraday reporting in ITR-3 is one of the most confusing areas for taxpayers. Many people trade in shares, intraday, futures…
Read the guide →Books of Accounts in ITR-3: When Balance Sheet and Profit & Loss Are Required
One of the biggest confusions in ITR-3 filing is whether every taxpayer must prepare a balance sheet and profit and loss account.…
Read the guide →ITR-3 Filing AY 2026-27: Complete Guide for Individuals With Business, Profession and Trading Income
ITR-3 filing for Assessment Year 2026-27 is not a simple data entry exercise. It is a comprehensive income tax return for individuals…
Read the guide →TDS on Cash Withdrawal: New Confusion Under Income Tax Act 2025 Explained
TDS on cash withdrawal has created fresh confusion due to the language used in the new Income Tax Act, 2025. The issue…
Read the guide →ITR Filing for Army Personnel AY 2026-27: Key Dates, Allowances and Correct ITR Form
Army personnel need to be careful while filing their income tax return for AY 2026-27. Salary income, pension income, capital gains, special…
Read the guide →Salary and Pension Income Tax: Why Combined Income Can Create Tax Liability
Many taxpayers receive pension income after retirement and also continue working in a job. In such cases, both pension and salary income…
Read the guide →Cash Routed Through Bank Account Can Be Treated as Benami Property: Key Tax Compliance Lesson
Cash transactions continue to be closely examined under income tax and benami law. One important point discussed by the expert is that…
Read the guide →ITR Filing Changes: 4 Important Updates Taxpayers Should Know
ITR filing season has started, and this time taxpayers need to be more careful while preparing their return. Some changes make filing…
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