India's tax system is progressing towards automated Income Tax Return filing with pre-filled forms and consolidated financial ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

India's new Income Tax Act, 2025, effective April 1, 2026, aims to simplify tax rules and enhance compliance. Key changes include the introduction of a 'Tax Year,' more detailed ITR disclosures, and a ...

Every year, millions of taxpayers file their income tax returns on time to receive their refunds quickly and avoid future ...

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

If the time of refund is greatly delayed, along with no update on the online status, contact the Centralised Processing ...

Resident and Ordinarily Resident (ROR) taxpayers with foreign income face challenges due to the December 31 deadline for revised and belated Indian Income Tax Returns (ITRs). This clashes with ...

From April 1, 2026, the new Income-tax law will replace ‘Assessment Year’ with ‘Tax Year’ to simplify tax filing and ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and lost tax benefits, missing the ITR deadline makes compliance more ...