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Latest Compliance Revisions

Income Tax May 26, 2026

ITR-3 AY 2026-27: Business Income, F&O Traders, and the Freelancer Audit Threshold

The ITR-3 AY 2026-27 is the most complex individual return form, and the right form for anyone earning business or professional income without opting for the presumptive scheme. F&O and intraday traders, e-commerce sellers, freelance consultants beyond 44ADA limits, agency businesses, and any proprietor who maintains regular books of accounts will file ITR-3 this year. […]

Income Tax May 26, 2026

ITR-2 AY 2026-27: The Essential Filing Guide for Investors & NRIs

The ITR-2 AY 2026-27 is the main workhorse form for anyone whose income profile is just a bit too complex for the standard ITR-1 Sahaj, but who does not run a business or profession. If you trade stocks beyond the small ₹1.25 lakh LTCG threshold, hold even a single foreign asset, act as a company […]

Income Tax May 26, 2026

ITR-1 Sahaj AY 2026-27: New Two-House Rule & Easy Filing Guide

The ITR-1 Sahaj AY 2026-27 is the simplest return form in the Indian tax system, and as of this year, it covers a meaningfully wider slice of salaried taxpayers than ever before. CBDT Notification 45/2026 expanded ITR-1 in two ways that genuinely matter: a second house property is now allowed, and small equity long-term capital […]

Income Tax May 26, 2026

Ultimate ITR Forms AY 2026-27 Guide: Pick the Right ITR (1 to 7)

The ITR forms AY 2026-27 look identical to last year. Same seven numbers, ITR-1 through ITR-7, same offline utility on the e-filing portal. Underneath, though, CBDT Notification 45/2026 quietly rewrote the eligibility rules. A lot of people who comfortably filed ITR-1 last year are no longer eligible this time around. File on autopilot and you […]