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

However, from April 1, 2026, transactional forms such as tax deducted at source statements, remittances, Form 60, and Form 15G/15H would operate under the new simplified framework.

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

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 ...

Income tax refund not credited yet? Before you panic, check the latest processing data and the common reasons that may be ...

In keeping with the spirit of Jan Vishwas, ease of living, and to reduce the burden of litigation and compliance, Budget 2026 has proposed changes related to the filing of ITR.

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

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 ...

Taxpayers would continue to use existing income tax return (ITR) forms to report income for 2025-26 (FY26), even as revamped ...

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 ...

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

Earlier this month, US President Donald Trump and Prime Minister Narendra Modi announced agreeing to a trade deal. Under the proposed framework, the US will impose an 18% tariff on Indian exports to ...