If you haven't filed your Income Tax Return (ITR) for the financial year 2024-25 (FY25), there's no need to panic. Even if ...

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

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR-U) framework introduced through the Finance Bill, 2026, taxpayers may have ...

India’s income tax system will undergo a major overhaul from April 1, 2026, according to various reports. The Income Tax ...

The Budget 2026 introduces significant penalties for correcting past income-tax errors with the updated Income Tax Return (ITR-U) provisions.

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 ...

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...