Filing your Income Tax Return (ITR) is a crucial step that not only fulfils a legal requirement but also facilitates smooth financial transactions, such as availing loans, credit cards, and visas.

Selecting the right ITR form is essential when filing income tax returns. Filing your return using the wrong form can lead to rejection by the Income Tax Department and even a delay in refunds. Among ...

The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...

Did our AI summary help? New income tax return (ITR) forms for the financial year ending March 2026 and the assessment year 2026-27 are expected to be notified soon. While the forms have been ...

Did our AI summary help? Wondering if you can continue using Income Tax Return(ITR) Form 1 after living outside India for more than 182 days in a financial year? Today’s Ask Wallet Wise explains how ...