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

Draft Income Tax Rules: The Income Tax Department recently introduced the Draft Income Tax Rules 2026. These new rules are being prepared to comply with the Income Tax Act 2025, which will come into ...

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

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...

With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

A major focus of the draft rules is to make income-tax return (ITR) filing simpler under the new law. The government has ...

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 ...

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 ...

No interest is payable if the refund amount is less than 10 percent of the tax determined under section 143(1) or pursuant to regular assessment ...