ITR Filing 2024-25 Last Date: A last date is approaching for filing Income Tax Return (ITR) for this financial year 2024-25. This is very important for taxpayers to keep in mind. This time, the ...

Central Board of Direct Taxes (CBDT) has notified ITR-U (updated), a form that allows taxpayers to rectify errors or omissions and file your previous Income Tax Return. ITR (U) was introduced under ...

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 ...

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.

Several income tax changes will take effect from April 1, 2026, including new ITR filing deadlines, higher STT rates, an ...

The Income Tax Act, 2025 replaces the old 1961 law from April 2026, streamlining compliance, revising deadlines, rationalising STT and TCS and introducing key relief measures for taxpayers.

The government’s move to replace the six-decade-old income-tax rules, 1962 with a new framework from April 2026 is set to ...

Aam Aadmi Party MP Raghav Chadha proposed reforms to ease financial burdens, advocating for optional joint income tax filing ...

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

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 ...