Income Tax Department has sped up the process of crediting ITR refunds to taxpayers accounts. These also include high-value refunds. Taxpayers can check the status of their refunds through the ...

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

Budget 2026 significantly softens penalties for income tax defaults. The jail term for failing to file ITR with tax exceeding ...

Finance Minister Nirmala Sitharaman during her Budget Speech 2026-27 said that individuals filing ITR-1 and ITR-2 will ...

Union Budget 2026 delivers major middle-class relief by extending ITR filing deadlines to March 31, cutting overseas ...

Sitharaman said, "I propose to extend time available for revising returns from 31st December to up to 31st March with the ...

Accurate filing of your income tax returns is very important both from a compliance standpoint and for peace of mind. The ITR-2 type of return must be filed by any individual or Hindu Undivided Family ...

Filing your Income Tax Return (ITR) using the wrong form can lead to your return being marked as defective by the Income Tax Department. To avoid unnecessary delays or rejections, it is important to ...

Starting this financial year, individuals and Hindu Undivided Families (HUFs) with capital gains can file their income tax returns using ITR-2. The form is now available online with pre-filled data on ...