New rules allow taxpayers to file revised income tax returns until March 31 for a fee. This extension, effective from April 1 ...

Central Board of Direct Taxes (CBDT) has notified ITR-U (updated), a form that allows taxpayers to rectify errors or omissions and file your previous Income Tax Return. ITR (U) was introduced under ...

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are ...

In her Union Budget 2026 speech, Nirmala Sitharaman said the deadline for filing ITR-1 and ITR-2 will continue to be July 31.

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...

From April 1, 2025, taxpayers earning up to ₹12 lakh can enjoy zero income tax under the new tax regime, following a higher ...

The Budget 2026 introduces significant penalties for correcting past income-tax errors with the updated Income Tax Return (ITR-U) provisions.

In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are ...

his usually happens due to excess TDS, advance tax, or self-assessment tax. Once your return is processed by the Income Tax Department, the extra amount is credited back to your bank account.

If you stay outside India for more than 182 days, you can't use ITR Form 1. It is not a question of being a resident or a non ...

For many Indians returning home after extended periods overseas, one recurring tax-season question is whether they can file their income tax return using ITR-1 if they have spent more than 182 days ...