Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify ...
The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.
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Draft income tax rules 2026 signal tighter eligibility and digital-first filing for ITR-1 to ITR-7
The draft Income-tax Rules, 2026, propose several income-tax forms that were earlier prescribed under the Income-tax Rules, 1962. The CBDT is expected to notify the draft income tax rules by the first ...
The Income Tax Department has released the draft Income Tax Rules, 2026. These new rules are proposed to come into effect ...
In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a three-month extension for filing ...
Finance Minister Nirmala Sitharaman has proposed to increase time limit for filing revised income tax return (ITR) from December 31 to March 31 with nominal fee.
This proposal is important as excess tax deduction at source (TDS) creates liquidity challenges for small taxpayers. They have to wait for refunds after filing their returns. For instance, a ...
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