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

With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

ITR Filing Due Date Extension, ITR Filing 2025: The notified ITRs for AY 2025-26 have undergone structural and content revisions aimed at simplifying compliance, enhancing transparency, and enabling ...

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

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 ...

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 ...

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 ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this window closes, taxpayers can no longer correct errors, ...

A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian ...

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