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

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

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 ...

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are met. This amendment, effective April 1, 2026, aims to enhance voluntary ...

New rules allow taxpayers to file revised income tax returns until March 31 for a fee. This extension, effective from April 1, 2026, benefits individuals with international tax obligations. A fee of ...

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 Delhi: The government has extended the deadline for revising Income Tax Returns (ITRs) till March 31 of the relevant ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are ...

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

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

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...