If you missed filing your Income Tax Return (ITR) this year, don’t panic just yet. The Income Tax Department still allows taxpayers to file a belated return until December 31, 2025. However, there are ...

Once the deadline for filing the Income Tax Return (ITR) has passed, taxpayers have the option to submit a belated ITR till December 31, 2025, but they will incur a late fee. It’s important to note ...

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...

Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

Missed filing your ITR ? The deadline may be over, but the law still gives you a chance to come clean with extra cost. Today's Ask Wallet Wise query decodes how to file the missed return for FY25 The ...

India’s new Income Tax law will simplify ITR filing from 2027 with pre-filled returns, crypto disclosure and changes to PAN rules.

Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...

India’s income tax system will undergo a major overhaul from April 1, 2026, according to various reports. The Income Tax ...

Taxpayers would continue to use existing income tax return (ITR) forms to report income for 2025-26 (FY26), even as revamped ...

Tax authorities initiated scrutiny and proposed addition solely because share acquisition details were not properly disclosed in the ITR. The case reinforces that for directors, the ITR functions as a ...

A major focus of the draft rules is to make income-tax return (ITR) filing simpler under the new law. The government has clearly spelled out formulas and valuation methods in advance especially for ...