Learn why NGOs must file ITR correctly, avoid mistakes, and stay compliant to protect tax exemptions and donor trust.

Several taxpayers have complained that they have received an email and/or SMS from the income tax department saying that ...

Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

Taxpayers classified as resident and ordinarily resident must report overseas bank accounts, foreign shares or securities, ...

Many taxpayers face issues with missing foreign asset and income details in revised Income Tax Returns. If a taxpayer has any assets outside of India, such as immovable property, bank accounts, ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

Many taxpayers revising their Income Tax Returns this year are hitting an unexpected snag. Details of foreign assets or overseas income simply aren’t showing up in their revised forms. The tax ...

Taxpayers receiving emails about undisclosed foreign assets must revise returns using Schedule FA, FSI, and TR in ITR-2/3.

This guide explains that disclosure under Schedule FA is mandatory, even for zero-income foreign accounts or unsold RSUs. Following calendar-year reporting and proper documentation helps avoid ...

When a taxpayer discovers any error or wrong statement in filing the original Income Tax Return (ITR) submitted earlier. The ...

The Income Tax Department is alerting taxpayers about foreign assets and income. Income earned from abroad requires reporting ...

Understand Income Tax in India for FY 2025-26, including the latest tax rules, new & old tax slab rates, deductions, exemptions, special tax rates, and the complete ITR filing process under the ...