Filing ITR-2 for FY 2025-26: Everything You Need to Know
Introduction Every year, many taxpayers get confused about which ITR form to file. A common mistake is filing ITR-1 (Sahaj) when in reality, their income profile requires ITR-2. This often leads to missing out on important disclosures; especially for non-residents, company directors, or individuals with capital gains and multiple house properties. Another overlooked aspect is […]
Data-Driven Tax Scrutiny in 2026: Why the Government Knows More Than You Think
TL;DR India’s tax ecosystem in 2026 is heavily data-driven. The government now uses AI systems, GSTN analytics, AIS/TIS reporting, banking integrations, e-invoicing, and digital payment tracking to identify mismatches automatically. Businesses with inconsistent GST filings, unexplained cash flow, incorrect ITC claims, or underreported income are increasingly receiving scrutiny notices. Proactive compliance, reconciliation, and expert advisory […]