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 ...

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a three-month extension for filing ...

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

Budget 2026 significantly softens penalties for income tax defaults. The jail term for failing to file ITR with tax exceeding ...

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

From April 1, 2025, taxpayers earning up to ₹12 lakh can enjoy zero income tax under the new tax regime, following a higher ...

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are ...

Union Budget 2026 delivers major middle-class relief by extending ITR filing deadlines to March 31, cutting overseas ...

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

For individual taxpayers filing ITR-1 and ITR-2, the original due date will remain 31 July, ensuring that salaried ...

For the majority of individual taxpayers, the July 31 due date remains unchanged. Salaried employees and those filing ITR-1 ...