The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...

The Union Budget 2026 introduces amendments to the Income Tax Act in order to simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers that could impact an ...

The income tax laws allow a person to file a revised Income Tax Return (ITR) by December 31, in case the taxpayer finds some mistakes or omissions.

A step-by-step ITR filing guide for salaried individuals for FY 2024-25, including key forms, tax regime choices, document checklist, offline utility details, and the new extended filing deadline.

Missing the Income Tax Return (ITR) filing deadline can happen for many reasons. You may have missed a document, made an error, or simply overlooked the timeline. However, if you have already filed ...

Taxpayers can file updated returns before March 31 to correct past omissions. They have to pay the due taxes, along with applicable interest and additional tax. Filing updated returns (ITR-U) under ...

Effective April 1, 2026, India will implement the Income-tax Act 2025 and Rules 2026, introducing significant changes to ...

Overview: Paper tax filing remains an option for taxpayers who prefer reviewing forms and details manually before submitting their return.The process includes d ...

The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...

AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance ...