● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and effort.

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and lost tax benefits, missing the ITR deadline makes compliance more ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this window closes, taxpayers can no longer correct errors, ...

his usually happens due to excess TDS, advance tax, or self-assessment tax. Once your return is processed by the Income Tax ...

An income tax refund delay can be frustrating, especially when everything seems in order. From data mismatches to bank ...

For most taxpayers, the real sense of relief after filing an Income Tax Return (ITR) comes only when the refund amount is ...

India's new Income Tax Act, 2025, effective April 1, 2026, aims to simplify tax rules and enhance compliance. Key changes include the introduction of a 'Tax Year,' more detailed ITR disclosures, and a ...

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.