Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors ...

● 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 ...

ITR Filing 2025: Salaried Individuals Get Deadline Relief Till September 15 In a major relief to taxpayers, especially salaried individuals and those not requiring audit, the last date to file Income ...

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

Union Budget 2026 delivers major middle-class relief by extending ITR filing deadlines to March 31, cutting overseas ...

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The issue was whether purchases recorded by the assessee were genuine. The Tribunal held that seized Tally data and statements proved bogus purchases, justifying full ...

The assessee challenged jurisdiction for lack of notice under Section 143(2). The Tribunal held that once the belated return was invalid, assessment under Section 144 was ...

Union Budget 2026 maintains the existing income tax framework, with the new regime offering tax-free income up to Rs 12 lakh for individuals. While the old regime continues with its deductions, the ...

Stock market highlights: As of 3.40 pm on Sunday, the BSE was down 1546.84 (-1.88%) points at 80,722.94, while the NSE was ...

Perusing the Union Budget 2026 is akin to gazing through a kaleidoscope, in which the usual factors, such as agriculture, ...