The new Income Tax Act, enacted on August 21, 2025, will come into effect from April 1, 2026, replacing the…
The Income Tax department will implement simplified ITR forms and rules under the new Income Tax Act, 2025, effective April…
As the Modi government gears up for Budget 2026-27, taxpayers across India are hoping for meaningful relief, easier compliance, and…
This comes on the heels of two High Courts in the country – the Karnataka High Court and the Rajasthan…
Between April 1 and September 17, 2025, the government issued income tax refunds of only Rs 1.61 lakh crore. This…
While the Income Tax Department claimed the e-filing portal worked smoothly, many taxpayers and CAs reported technical glitches until the…
ITR Deadline Extension, Income Tax Return Due Date Extension 2025 Updates: The last date to file ITR for AY 2025-26…
The deadline to file Income Tax returns is winding down for most taxpayers — with many likely to incur fines after…
Taxpayers were given an additional 1.5 months to file their returns without penalties after facing ‘unprecedented hardships’ due to multiple…
The deadline to file Income Tax Return (ITR) for FY 2024-25 is approaching soon, and taxpayers cannot afford to wait…
According to the latest data updated till 30 August 2025, the Income Tax Department has received more than 4.18 crore…
According to the Income Tax Department website, as many as 3,67,94,801 income tax returns (ITRs) have been filed as of…
The Income Tax Bill 2025 also stirred debate among taxpayers due to some proposals. One of them is – expanding…
It is mandatory to report such earnings — even if the overall income is exempt under the current tax brackets.
The legislation was passed in the Parliament last week and is aimed at consolidating and updating India’s income tax framework.
JioFinance’s Rs 24 income tax return filing plan looks attractive, but it is not suitable for all taxpayers. While it…
Even if some income is tax-free, you must still report it in your ITR. This helps show your full financial…
New tax regime (from FY 2025-26): Those with taxable income of Rs 12.75 lakh or less can get a tax…