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

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

According to the new rules, you will be able to claim your TDS refund even if you file your income tax return late.

If you haven't filed your Income Tax Return (ITR) for the financial year 2024-25 (FY25), there's no need to panic. Even if ...

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are met. This amendment, effective April 1, 2026, aims to enhance voluntary ...

From the rollout of the Income Tax Act, 2025 to extended deadlines, foreign asset disclosures, and changes impacting investors, here are the top 10 income tax announcements in Budget 2026, with a ...

New rules allow taxpayers to file revised income tax returns until March 31 for a fee. This extension, effective from April 1, 2026, benefits individuals with international tax obligations. A fee of ...