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

New rules allow taxpayers to file revised income tax returns until March 31 for a fee. This extension, effective from April 1 ...

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 ...

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

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

From April 1, 2026, India’s new Income-tax Act, 2025 will reshape how taxpayers file their returns. While ITR-1 to ITR-7 remain, the draft Income-tax Rules, 2026 tighten eligibility for simplified ...

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

Finance Minister Nirmala Sitharaman has proposed extending the deadline for revising income tax returns from December 31 to March 31, allowing for a nominal fee. This change aims to address issues ...

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

Budget 2026 may introduce optional joint ITR filing for married couples. Here’s what the proposal means, how tax slabs may change, and expert views from Sajal Goell and Nupur Gupta.

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...

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