Filing the wrong ITR form can make your return INVALID — as if it was never filed!

✅ ITR-1: Salary, pension, interest, income up to ₹50 lakh
✅ ITR-2: Capital gains, foreign assets, director, income above ₹50 lakh
✅ ITR-4: Presumptive business/profession income

A simple form selection mistake can lead to notices, delayed refunds, loss of carried-forward losses, and penalties.

Before filing, make sure your ITR matches every source of income.

#IncomeTax #ITR2026 #TaxFiling

NRI investors, take note 👇

Debt Mutual Funds purchased on or after 01-Apr-2023 are generally covered under Section 50AA.

❌ No indexation
❌ No LTCG benefit based on holding period
✅ Taxed as STCG at applicable slab rates

Many liquid fund redemptions are being reported incorrectly while filing returns.

#NRI #Section50AA #MutualFunds #CapitalGains #IncomeTax

https://www.tumblr.com/bowlby4/816584422003441665

🚨 ITR Alert!

📅 Last date to file ITR for AY 2026-27 (FY 2025-26): 31st July 2026

⚠️ Late filing may result in a penalty of up to ₹5,000.

✅ File now. Stay compliant. Avoid penalties.

#ITR #IncomeTax #EFILETAX

Please don't start your tax filing conversation with, "How much refund will I get?" before the work has even begun.

A responsible tax professional needs time to review your income, deductions, taxes paid, and compliance details before determining the correct outcome.

Let's move away from the idea that a "massive refund" is the goal. The real goal is filing an accurate return and staying compliant.

#ITR #IncomeTax #TaxFiling

Why Vaibhav Sooryavanshi's ₹7 Crore IPL Earnings May Be Taxed Differently In India

https://fed.brid.gy/r/https://in.mashable.com/culture/110509/why-vaibhav-sooryavanshis-rs7-crore-ipl-earnings-may-be-taxed-differently-in-india

Take-Home Pay Calculator UK: What You Actually Earn

The salary on your offer letter is a fiction. Four deductions chew it down before the money lands. Budgeting from the headline is why so many UK households feel poor on good pay.

#TakeHomePayCalculator #UKSalaryCalculator #IncomeTax #UKPersonalFinance

https://freedomisntfree.co.uk/articles/take-home-pay-calculator-guide?utm_source=mastodon&utm_medium=social&utm_campaign=take-home-pay-calculator-guide

Jamaat-e-Islami chief seeks tax relief for salaried class

https://fed.brid.gy/r/https://dailytimes.com.pk/1502056/jamaat-e-islami-chief-seeks-tax-relief-for-salaried-class/

ITR filing update for AY 2026–27 is now visible on the Income Tax portal for ITR-1 & ITR-4 e-return.

Key due dates shown in the portal:

31-Jul-2026 – Others
31-Aug-2026 – Business / Profession
31-Oct-2026 – Audit Case
30-Nov-2026 – 92E cases

Before filing, check the correct due date based on your category to avoid late fee, interest, and compliance issues.

For Income Tax, GST, ROC & MCA filing support, connect with EFILETAX.

#ITR #IncomeTax #ITRFiling

Judge to decide Monday whether Missouri tax overhaul stays on August ballot

https://fed.brid.gy/r/https://missouriindependent.com/2026/05/29/judge-to-decide-monday-whether-missouri-tax-overhaul-stays-on-august-ballot/