The Income Tax Department has released the draft Income Tax Rules, 2026. These new rules are proposed to come into effect ...

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

Taxpayers would continue to use existing income tax return (ITR) forms to report income for 2025-26 (FY26), even as revamped transactional forms and rules were likely to be notified by the first week ...

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 ...

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are ...

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

Taxpayers also get more flexibility to correct mistakes: the time limit to file a revised return has been increased from 9 ...

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

Income-tax Rules 2026: In Budget 2026, Finance Minister Nirmala Sitharaman announced that the government would implement the new rules from April 1, 2026. This means that filing taxes from this year ...

Moving beyond rate-centric reforms, the government has focused on re-designing the compliance lifecycle spanning original ...

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