When a taxpayer discovers any error or wrong statement in filing the original Income Tax Return (ITR) submitted earlier. The ...

The Income Tax Department of India has announced that taxpayers can now file their returns online using ITR-1 and ITR-4 forms for the assessment year 2025-26 through the e-filing portal. This means ...

The Income Tax Department has rolled out online filing facilities for ITR-1 and ITR-4 for Assessment Year 2025–26. Taxpayers can now file their returns through the e-filing portal, which includes ...

If ITR is not processed by December 31, 2025 then you can’t file revised ITR; Here’s what you can do if you have a tax refund ...

CA Himank Singla highlighted that foreign equity holdings such as ESOPs and RSUs must be disclosed in Schedule FA every year, ...

The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and ...

The income tax department has reportedly started sending bulk SMS and emails to taxpayers, saying that their refunds had been ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

Most taxpayers have received their ITR returns, but some still await refunds. If refunds fail, taxpayers can request reissue ...

The Court held that the tax authority wrongly dismissed a delay condonation plea without considering the assessee’s serious medical condition. The ruling emphasizes that genuine hardship must be ...

The ruling framework mandates extra tax of 25% to 70% over tax and interest based on delay. This makes timely belated filing financially ...