Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

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

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...

New rules allow taxpayers to file revised income tax returns until March 31 for a fee. This extension, effective from April 1 ...

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

Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...

It is proposed to extend the prescribed time limit for filing a revised return from the existing nine months to twelve months ...

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

Finance Minister Nirmala Sitharaman has proposed extending the deadline for revising income tax returns from December 31 to March 31, allowing for a nominal fee. This change aims to address issues ...

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

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 ...