If you missed filing your Income Tax Return (ITR) this year, don’t panic just yet. The Income Tax Department still allows taxpayers to file a belated return until December 31, 2025. However, there are ...

Once the deadline for filing the Income Tax Return (ITR) has passed, taxpayers have the option to submit a belated ITR till December 31, 2025, but they will incur a late fee. It’s important to note ...

Tax experts say reporting gaps often arise due to misunderstanding of disclosure rules, reporting timelines, and the ...

Budget 2026 introduces major tax rule changes from April 2026 including the new Income Tax Act 2025, TCS revisions, STT hike, revised ITR deadlines and buyback taxation changes.

The income tax laws allow a person to file a revised Income Tax Return (ITR) by December 31, in case the taxpayer finds some mistakes or omissions.

A step-by-step ITR filing guide for salaried individuals for FY 2024-25, including key forms, tax regime choices, document checklist, offline utility details, and the new extended filing deadline.

The Union Budget 2026 introduces amendments to the Income Tax Act in order to simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers that could impact an ...

Taxpayers can file updated returns before March 31 to correct past omissions. They have to pay the due taxes, along with applicable interest and additional tax. Filing updated returns (ITR-U) under ...

"Taxpayers who are age 65 or older may be eligible for the enhanced deduction for seniors. The maximum amount of the ...

Effective April 1, 2026, India will implement the Income-tax Act 2025 and Rules 2026, introducing significant changes to ...

The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...

AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance ...