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

Finance Minister Nirmala Sitharaman has proposed extending the deadline for revising income tax returns from December 31 to March 31, allowing for a nominal fee. This change aims to address issues ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced a three-month extension for filing ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...

In her Union Budget 2026 speech, Nirmala Sitharaman said the deadline for filing ITR-1 and ITR-2 will continue to be July 31.

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

Finance Minister Nirmala Sitharaman clarified this during her Budget speech, saying that only specific taxpayers would get extra time, while most individuals would continue to follow the existing ...

The Budget 2026 introduces significant penalties for correcting past income-tax errors with the updated Income Tax Return (ITR-U) provisions.

Finance Minister Nirmala Sitharaman has proposed to increase time limit for filing revised income tax return (ITR) from December 31 to March 31 with nominal fee.

Non-audit tax filers gain three additional months to file revised returns, plus a one-time foreign asset disclosure scheme ...