Profits from stock trading can be classified as business income for tax purposes, not just capital gains, depending on the nature and frequency of trades. Intraday trading is considered speculative business income,…
Over 6.5 crore income tax returns (ITRs) have been filed for the assessment year 2026-27 as of August 20, according to the Income Tax Department. The figure includes more than 2 crore…
Taxpayers with business or professional income exceeding Rs 1 crore in FY 2025-26 must file Schedule AL along with their income tax return (ITR) before the August 31 deadline. The disclosure of…
The August 31, 2026 deadline for filing income tax returns applies to taxpayers with business or professional income using ITR-3, ITR-4, ITR-5, or ITR-7 who are not required to get accounts audited.…
Stock market investors and traders are taxed differently based on the nature of their activity, with distinct ITR forms required for each category. For investors, listed equity shares held for 12 months…
Taxpayers have a series of key deadlines from August to December 2026 for ITR filing, advance tax, and audits. The July 31 deadline for non-audit taxpayers has passed, with over 5.5 crore…
Taxpayers who filed their income tax returns for Assessment Year 2026-27 may receive a defective return notice under Section 139(9) from the Income Tax Department if their ITR contains missing, inconsistent, or…
Even after filing your income tax return (ITR) on time, you may still receive a notice from the income tax department. According to ndtvprofit.com, there are three reasons why this can happen.…
Freelancers and self-employed professionals must file income tax returns by August 31, 2026, for assessment year 2026-27, unless a tax audit applies, which extends the deadline to October 31, 2026. Unlike salaried…
The Central Board of Direct Taxes has enabled taxpayers to view foreign asset information in the Annual Information Statement on the income-tax e-Filing portal. The data, received from over 100 jurisdictions under…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.