The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's tax landscape, aiming to simplify ...

According to a report, Union Finance Minister Nirmala Sitharaman is set to announce an overhaul of the Income Tax Act of 1961 ...

The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...

The CBDT has extended the deadline for resident individuals to file belated or revised Income Tax Returns for AY 2024-25 from ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, ...

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty ...

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late ...

Not filing an ITR on time can have numerous consequences, from penal interest and late fees to possible jail time. Meanwhile, if you file your return within the period for filing a belated return and ...

Extended due date for filing belated Income Tax Return till January 15, with penalties and consequences for non-filers.