Central Board of Direct Taxes (CBDT) has notified ITR-U (updated), a form that allows taxpayers to rectify errors or omissions and file your previous Income Tax Return. ITR (U) was introduced under ...

Filing your Income Tax Return (ITR) using the wrong form can lead to your return being marked as defective by the Income Tax Department. To avoid unnecessary delays or rejections, it is important to ...

Budget 2026 proposes allowing taxpayers to file an updated return even after receiving a reassessment notice under Section 148. While this creates a compliance window to settle disputes, it also ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The Finance Bill 2026 proposes allowing taxpayers to file an Updated Return even after receiving a reassessment notice under Section 148. This move aims to reduce litigation by enabling voluntary ...

If you are still waiting for your income tax return (ITR) to be processed or for your refund to arrive, you are not alone.

The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...

Tax advisory platform TaxBuddy has shared a post on X regarding the modus operandi of the Tax refund scam.

Taxpayers should file a revised return to correctly report crypto income and disclose it under the relevant schedule. If the ...

The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...

The 2025 income tax return filing deadline is Wednesday, April 15, 2026. Payments and completed municipal income tax returns ...