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

The Union Budget 2026 has delivered long-awaited clarity for millions of taxpayers by removing confusion around income tax return (ITR) filing deadlines. In her budget speech on February 1, 2026, ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

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

Filing your income tax return can be, for many, a dreaded annual task. And paying to file unnecessarily can only add insult to injury. Still, many eligible filers fail to take advantage of a free ...

Filing your income tax return can be, for many, a dreaded annual task. And paying to file unnecessarily can only add insult to injury. Still, many eligible filers fail to ...

Many middle-class taxpayers finished listening to Budget 2026 with a sense of disappointment. No big announcements, no ...

Previously, PAN was mandatory for cash withdrawals or deposits above Rs 50,000, but now PAN will be required only if the total cash transaction exceeds Rs 10 lakh in a year ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

Got your W-2s ready? Today, the IRS will begin accepting 2025 tax returns for the 2026 tax filing season. “The Internal Revenue Service is ready to help taxpayers meet their tax filing and payment ...

The Tribunal ruled that reopening of assessment is void where the notice under Section 148 was issued prior to communication of sanction under Section 151. Such procedural lapse renders the entire ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.