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

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

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

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

Union Budget 2026 delivers major middle-class relief by extending ITR filing deadlines to March 31, cutting overseas ...

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 ...

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a three-month extension for filing ...

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

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...

Budget 2026 introduces significant relief for salaried and middle-class taxpayers, including a new simplified Income Tax Act and automated NIL deduction certificates. Key changes also encompass tax ...

Can you file ITR-1 after staying abroad for more than six months? Learn how residential status under the Income-Tax Act affects ITR-1 eligibility for returning NRIs.