New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....
01 Apr, 2026, 02.19 PM IST
March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late feesTaxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits an...
27 Mar, 2026, 05.32 PM IST
Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayerThe Income Tax Appellate Tribunal Mumbai has ruled in favour of a taxpayer. The tribunal stated that the tax department must provide TDS cr...
02 Feb, 2026, 07.12 AM IST
I have filed ITR but e-verification is yet to be done? Can I do it after ITR filing deadline?ITR filing deadline: The government extended the ITR filing deadline to September 16, 2025, offering relief to taxpayers facing portal issu...
16 Sep, 2025, 03.50 PM IST
60%, 70% penal income tax payable when filing updated income tax return in 3rd, 4th year from end of AY: Budget 2025Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face higher penalties,...
01 Feb, 2025, 04.56 PM IST
NRIs' expectations from Budget 2025: 9 changes that NRIs want in income tax rulesThe simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing...
29 Jan, 2025, 07.00 PM IST
ITR filing deadline: Last date to claim Section 87A tax rebate; do it now by filing revised ITR on or before January 15, 2025Income tax deadline: The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay ...
15 Jan, 2025, 01.22 PM IST
ITR Filing Deadline: Income Tax Department extends belated, revised ITR filing deadline to January 15, 2025 for these taxpayersIncome tax return: The revised and belated ITR filing deadline has been extended by the Income Tax Department to January 15, 2025 for resid...
02 Jan, 2025, 12.56 PM IST
Mandatory scrutiny of ITR: Income tax dept reveals the criteria how the ITRs will be selected for the scrutinyIncome tax return: The tax department has released a circular which outlines the criterias and procedure to be followed if a particular inc...
23 May, 2024, 04.30 PM IST
Senior citizens aged 75 and above are not exempted from ITR filing this yearAs per the memorandum to the Budget 2021, "In order to provide relief to senior citizens who are of the age of 75 years or above and to red...
10 Sep, 2021, 09.46 AM IST
Income tax returns rise 8% in FY21 vs FY20Reducing processing time of returns on year-on-year basis, educating and empowering the tax payers by pro-actively engaging with tax payers...
19 Jul, 2021, 04.13 PM IST
I-T dept offers one-time relaxation for verification of returns filed electronicallyThe Central Board of Direct Taxes (CBDT) has allowed for returns of all years from AY 2015-16 till AY 2019-20, to be signed and sent to CPC...
13 Jul, 2020, 09.04 PM IST
How to prepare and file ITR completely onlineUsing this method, a person can fill the form, ITR1 or ITR4, online by entering the relevant information and finally submit it online as we...
31 Aug, 2018, 10.30 AM IST
Foreign travel details in ITR at suggestion of SIT: Arun JaitleyThe new ITR forms, however, were put on hold shortly after the notification as they were criticised for seeking too many private details.
12 May, 2015, 07.46 PM IST
Government to modify new income tax return formsGovernment today said it has decided to "modify" the new Income Tax Return (ITR) forms in wake of concerns raised over them.
12 May, 2015, 05.51 PM IST
Over 3 crore I-T returns filed electronically in 2014-15Jaitley said govt has provided free ITR preparation software with facility of pre-filled tax payment and tax deduction columns in ITR to av...
12 May, 2015, 05.05 PM IST
Send e-return copies to Bangalore centre: Income Tax department to taxpayersI-T dept has asked electronic filing taxpayers not having sent their returns copy for the two previous assessment years by post to its cent...
13 Sep, 2013, 02.31 PM IST