Tax filing in India to change from April 1, with changes to income tax rules coming into effect Form 130 will replace Form 16 as the new TDS certificate for salaried employees and pensioners ITR forms ...
For millions of taxpayers, Budget 2026-27 has quietly changed how and when income tax returns (ITRs) must be filed. While there was no change in tax slabs, the government has redrawn ITR timelines, ...
Income Tax refund update: The income tax department has been sending alerts via SMS and email to hundreds of taxpayers saying that their income tax refund has been put on hold due to a mismatch in ...
The government has notified Income Tax Return (ITR) forms for Financial Year 2025–26, effective from 1 April 2026, with certain updates to the old forms. The new Income Tax Act also took effect on 1 ...
Today marks the beginning of the new financial year FY2026-27, which also means that the new Income-tax Act, 2025 has kicked in and replaced the decades-old Act rolled out in 1962. Meanwhile, the ...
The government on March 30, 2026 notified Income Tax Return (ITR) forms ITR-1 to ITR-7 for the assessment year 2026-27, marking the start of the ITR filing season. Individuals, pensioners, ...
A nuanced understanding of the various ITR forms for FY 2025–26 is essential for globally mobile professionals, domestic ...
ITR-U lets taxpayers correct errors or disclose missed income. March 31 is key; delay increases extra tax liability. Budget 2026 allows ITR-U after reassessment and loss set-off. Did our AI summary ...
As countless taxpayers continue to monitor their bank accounts for long-pending income tax refunds, the wait has stretched well beyond the September 16, 2025, deadline for filing returns. Despite ...
The Income Tax Department has notified all income tax return forms for the assessment year (AY) 2026-27. While ITR forms 1-4, filed by small and medium taxpayers, were notified on March 30, ITR forms ...
New Delhi: Previously, the income tax law had more than 800 sections. In the new system, the number of sections and chapters has been reduced to less than half. This means that understanding taxes ...
ITR-U: The concept of ITR-U was introduced by the government a few years ago to allow taxpayers to voluntarily disclose previously unreported or underreported income. Unlike a revised return—which is ...