Section 87A Rebate on Capital Gains Tax Under the New Tax Regime: What Taxpayers Must Know in 2026

  The Income Tax Department has already enabled online filing and released the Excel utilities for ITR-1 , ITR-2, and ITR-4 on the e-filing portal. This allows taxpayers, including senior citizens, to begin preparing and filing their income tax returns for AY 2026-27 without having to wait until the deadline approaches, helping ensure a smoother and more timely filing process ITR filing for senior citizens AY 2026-27: Filing income tax returns can be confusing for senior citizens, especially with multiple forms such as ITR-1, ITR-2, ITR-3, and ITR-4. For AY 2026-27, senior citizens must select the appropriate ITR form based on the nature of their income rather than their age. The Income Tax Department has already activated online filing and released Excel utilities for ITR-1, ITR-2, and ITR-4 on the e-filing portal, enabling taxpayers to begin preparing and submitting their returns well ahead of the due date. Who is a senior or super senior citizen? Senior citizen: 60 years or abov...

  Income-tax returns: Received a tax notice from the I-T department? Here’s what you should do — Stepwise guide. Finding an official communication from the income tax department in your inbox can be an unsettling experience. However, receiving a tax notice from the IT department does not mean you have committed a financial crime or are facing a penalty. More often than not, it is simply a request for clarification, documentation, or a correction of an inadvertent error made during your online tax filing India process. As digital tax assessment mechanisms in India become increasingly automated and data-driven, thousands of honest taxpayers receive automated compliance alerts every financial year. Whether it is an inquiry about a high-value investment or a minor mismatch in your TDS certificates, knowing exactly received tax notice from IT department what to do can save you time, stress, and unnecessary litigation. In this complete 2026 guide, we break down the exact steps you nee...