Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...

With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

If you haven't filed your Income Tax Return (ITR) for the financial year 2024-25 (FY25), there's no need to panic. Even if ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.

Missed filing your ITR ? The deadline may be over, but the law still gives you a chance to come clean with extra cost. Today's Ask Wallet Wise query decodes how to file the missed return for FY25 The ...

Finance Minister Nirmala Sitharaman clarified this during her Budget speech, saying that only specific taxpayers would get extra time, while most individuals would continue to follow the existing ...

India’s income tax system will undergo a major overhaul from April 1, 2026, according to various reports. The Income Tax ...

India’s new Income Tax law will simplify ITR filing from 2027 with pre-filled returns, crypto disclosure and changes to PAN rules.

Filing your income tax return can be, for many, a dreaded annual task. And paying to file unnecessarily can only add insult ...

Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...