File right. Plan ahead.
A clear understanding of income heads, ITR forms, AIS/26AS and timelines helps you file confidently and avoid notices later.
Last reviewed: July 2026
This article is for general educational purposes only. Tax laws, GST provisions, labour laws, MCA rules, trademark rules and compliance requirements may change. Please consult Anagha Solutions before making business, tax or legal decisions.
Content based on latest available Acts, Rules, Notifications and Government Guidelines at the time of publication. Refer to the relevant Act, Rule, Section, Circular or Notification for authoritative text. No guaranteed legal or tax outcomes are implied.
Form selection depends on your income type, residential status and whether you have business or capital gains income.
Form 26AS shows TDS, TCS and tax payments. AIS (Annual Information Statement) is wider — it includes interest, dividend, mutual fund, share, property and high-value transactions reported by various sources.
Capital gains are split into short-term and long-term based on the asset and holding period. Rules differ for equity, property, debt funds, gold and unlisted shares.
If your estimated tax liability exceeds the prescribed limit, advance tax is payable in instalments. TDS/TCS reduces this liability. Salaried taxpayers usually have TDS handled by the employer.
Common notices include intimation u/s 143(1), defective return u/s 139(9), scrutiny u/s 143(2) and demand notices. Most can be addressed with timely, documented replies.
This guide is for general awareness. Rules and rates change. For your specific case, talk to our team for personalised guidance.
