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 ...
Taxpayers also get more flexibility to correct mistakes: the time limit to file a revised return has been increased from 9 ...
In her Union Budget 2026 speech on February 1, FM Nirmala Sitharaman had said, “The simplified Income Tax Rules and Forms ...
Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are ...
From April 1, 2025, taxpayers earning up to ₹12 lakh can enjoy zero income tax under the new tax regime, following a higher ...
With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...
Moving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original ...
In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are ...
It is proposed to extend the prescribed time limit for filing a revised return from the existing nine months to twelve months ...
After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...
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Revised return: Made a mistake while filing your ITR? The government has given you time until March 31st, but keep this in mind.
Revised Return: Since the Union Budget 2026 was presented, there has been a heated discussion among salaried employees and ...
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