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

The Income Tax Department is expected to release updated Income Tax Return (ITR) forms for the financial year 2025–26 in the ...

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

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 ...

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

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

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

The draft Income-tax Rules, 2026, propose several income-tax forms that were earlier prescribed under the Income-tax Rules, 1962. The CBDT is expected to notify the draft income tax rules by the first ...

In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are ...

Income Tax Refund Update: Like taxpayers, the centralised processing centre (CPC) of the Income Tax Department is bound by a deadline to process income tax return (ITR). If you have filed an ITR for ...