T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, ...

The new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change ...

Taxpayers will receive the full compliance framework for the revamped Income Tax Act, 2025 by January, with simplified return ...

Hi, my father owns two properties but earns no rental income from either. He has no stock or mutual fund investments and meets all other eligibility criteria for ITR-1. I’m unsure whether owning ...

Facing delay in Income Tax refund? Know how to check refund status on the IT portal, reasons for delay, processing timeline, ...

The delay is mainly due to high-value ITR filing, which the department is carefully scrutinizing to avoid any mishap. That ...

Income Tax: Fewer than 30 days are remaining before the September 15 deadline to file the income tax return (ITR) for FY 2024-25. It is crucial for taxpayers to use the correct income tax return form ...

Highlights the legal obligations of timely ITR filing, penalties for delays, and the benefits of maintaining a clean financial ...

Every year several taxpayers wait anxiously for their income tax refunds to get credited to their bank account. For many, the ...

Chairman Ravi Agrawal said on Monday that the tax department is looking into incorrect deductions claimed in certain cases, which is causing a delay in refunds, PTI reported.