ITR-U updated return: file missed income within 48 months of the assessment year ending, with 25-70% additional tax under Section 140B. Last dates, who can file, and when it is barred.
Diwali gifts from parents, siblings and in-laws are fully tax-free with no limit. Gifts from friends and cousins are tax-free only up to Rs 50,000 a year — cross it, and the whole amount is taxable. Here is how the rule works, with examples.
Diwali bonus is fully taxable as salary. Employer gifts in kind are tax-free only below Rs 15,000 in Tax Year 2026-27; cash gifts are fully taxable. Worked example, slab impact and FAQs.
Filed your ITR with a mistake? A revised return under Section 139(5) replaces it. Free till 31 Dec 2026, last date 31 Mar 2027 with a fee. Steps, tables and FAQs inside.
Filing your ITR is only half the job – verify it within 30 days or the return is invalid. All 7 e-verification methods, the 30-day rule, and what to do if you miss it.
Dhanteras 2026 gold tax guide: 12.5% LTCG after 24 months, 3% GST on gold + 5% on making charges, ETF 12-month rule, and the SGB Budget 2026 change.
September 2026 GSTR-3B was due 20 October. Missed it? This guide covers the Rs 50/day late fee, 18% interest on net cash liability, the 57th GST Council waiver status, and a 4-step action plan to get compliant today.
Missed the 21 October 2026 tax audit report deadline? Here is how the Section 271B penalty works, when Section 273B reasonable cause saves you, and the exact steps to take before the 21 November ITR date.
Which expenses can freelancers claim in India? Home-office rent, internet, laptop depreciation, travel, software — with new Act section numbers and worked examples.
NSC pays 7.7% for 5 years. Interest on a National Saving Certificate is taxable every year as Income from Other Sources – but years 1-4 interest can be offset with a matching 80C (Section 123) deduction. Year 5 interest is fully taxable.