● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

With the last date for filing Income Tax Returns (ITR) for the financial year 2024-25 (assessment year 2025-26) fast approaching, taxpayers are being reminded not only of the filing deadline but also ...

Taxpayers also get more flexibility to correct mistakes: the time limit to file a revised return has been increased from 9 ...

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, ...

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

For most taxpayers, the real sense of relief after filing an Income Tax Return (ITR) comes only when the refund amount is ...

his usually happens due to excess TDS, advance tax, or self-assessment tax. Once your return is processed by the Income Tax ...

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