Revision of income tax (I-T) can be done at any time three months before the end of the assessment year or before the assessment whichever is earlier.

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. Individual taxpayers with taxable income over $450,000; Married individuals ...

The beginning of the new financial year has heralded the tax return filing season. Taxpayers can now file their Income Tax Return (ITR) for AY 2025-26, i.e., FY 2024-25. Like before, ITR filing is ...

If you haven’t sent in your 2023 income tax return yet, you have until April 15 to do so. Unless, that is, you’re among the millions of people who, for different reasons, are granted more time to file ...