ITR filing: Taxpayers who miss the regular deadline for filing their income tax return get an additional chance through the updated income tax return (ITR-U) facility, introduced under Section 139(8A) ...
● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date ...
Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...
Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and ...
Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...
India's tax system is progressing towards automated Income Tax Return filing with pre-filled forms and consolidated financial ...
Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this window closes, taxpayers can no longer correct errors, ...
From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...
If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...