From new ITR forms to the replacement of Form 16 with Form 130, income tax filing is set to change from April 1, 2026. Here’s what taxpayers should know.

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.

Mumbai ITAT has ruled that housing societies can claim Section 80P deduction on interest earned from co-operative banks, even ...

ITR Update: With the new income tax rules set to take effect in 2026, the government is not merely altering the forms; it is ...

With two days left for FY 2024-25 ITR filing, experts stress the importance of filing for those earning under Rs 12 lakh.

Income earned in FY 2025-26 (April 1, 2025 to March 31, 2026) will continue to be governed by the Income Tax Act, 1961 and ...

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.

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 ...

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

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

Raghav Chadha, MP from the Aam Aadmi Party, spoke in the Rajya Sabha during the debate on the Union Budget, presenting ...