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 ...
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.
Missed reporting income or made errors in your ITR? Taxpayers can still correct mistakes using ITR-U. With March 31 approaching, experts advise acting early to avoid higher penalties and ensure ...
If you made an error while filing your Income Tax Return (ITR) or failed to disclose your entire income, you still have an opportunity to rectify it. To do so, you can utilize the Updated Income Tax ...
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.
Several income tax changes will take effect from April 1, 2026, including new ITR filing deadlines, higher STT rates, an ...
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.
Rajya Sabha MP Raghav Chadha has proposed allowing married couples to file joint income tax returns in India. The move, he argues, could reduce the tax burden on single-income families and ensure ...
The Income Tax Department has identified 63,000 restaurants for potential income under-reporting. A nationwide survey revealed suppression of sales amounting to Rs 408 crore. Restaurants are urged to ...
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 ...