As the new income tax filing season for the financial year 2024-25 (AY 2025-26) begins, the Income Tax Department is set to roll out updated ITR forms and an improved version of Form 16 — a key ...

In recent months, the income tax department has issued multiple notices highlighting mismatches between filed ITRs, Form 16, ...

As the December 31 deadline for filing income tax returns approaches, taxpayers are often confused about the difference ...

Taxpayers who have identified errors in their income tax returns for the 2024-25 financial year can still file a revised ITR ...

If you haven’t filed your Income Tax Return yet, December 31 is your final chance to claim your income tax refund. Missing ...

The tax return using ITR-U (updated return) can be filed regardless of whether the taxpayer filed an ITR in the relevant ...

ET Online Missed the December 31, 2025 deadline to file revised ITR? Here’s what to do in tax refund cases (AI generated ...

The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and revised return timelines. Under Section 139 (8A), a taxpayer may file an ...

This guide explains that disclosure under Schedule FA is mandatory, even for zero-income foreign accounts or unsold RSUs. Following calendar-year reporting and proper documentation helps avoid ...

I-T department has issued most of the tax refunds for the people who had filed their income tax returns (ITRs) this year, but ...

If excess tax paid by a taxpayer is not refunded within the stipulated time, the income tax department must pay simple ...