The intent of the department is to keep the I-T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961
Professionals and other assessees covered under Section 44AB of the Income Tax Act will benefit, too
The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.
The Income Tax Department has started issuing notices and levying penalties on these non-compliant entities, directing field officers to complete the process by end-November
The Income Tax Department's new feature brings transparency and accountability to faceless assessments, helping taxpayers track official action and reduce uncertainty.
Tax audit deadline: One month more give to businesses and professionals after representations from industry groups
Compliance mismatches and backend slowdowns are keeping refunds stuck, taxpayers advised to be proactive
As tax filing deadlines for audit cases approach, experts break down who is at risk of a tax audit, common misconceptions, and tips to stay compliant
Experts explain late filing fees, refund delays, loss of carry-forward benefits and why you should still file your belated ITR before 31 December to limit the damage
Return has to be verified within 30 days to be considered valid by the tax department
Tax department allows people to file 'belated return' by paying a penalty and interest
An extra day allowed to complete process for AY 2025-26; experts says people risk Rs 5,000 penalty if they don't file returns
The e-filing portal will remain in maintenance mode from 12:00 am to 2:30 am on September 16, 2025
ITR deadline: From regime selection to e-verification, here's what to tick off before the ITR deadline ends tonight
More than six crore income tax returns for Assessment Year 2025-26 have been filed so far, the Income Tax department said on Saturday. The last date to file ITRs without penalty is September 15. "Thank you taxpayers & tax professionals for helping us reach the milestone of 6 crore Income Tax Returns (ITRs) as of now and still counting," the I-T department said in a post on X. To assist taxpayers for ITR filing, tax payment and other related services, our helpdesk is functioning on a 24x7 basis, and the department is providing support through calls, live chats, WebEx sessions & Twitter/X, it added. It also asked taxpayers who haven't filed ITR for AY 2025-26 to file at the earliest to avoid a last-minute rush. The Income Tax department in May announced an extension of the due date for filing ITRs for Assessment Year (AY) 2025-26 (for income earned in financial year 2024-25) by individuals, HUFs and entities who do not have to get their accounts audited from July 31 to September
With the September 15 deadline nearing, experts say Excel tools cut errors, simplify compliance, and help businesses, companies and trusts avoid costly tax disputes.
From missed income to wrong forms, ITR errors are common. Here's how revised returns, rectification, or updated filings can help you avoid penalties and refund delays
From losing the old regime option to higher interest outgo, here's how a delayed ITR beyond September 15 can shrink your savings.
Failing to give tax department information about various assets could lead to penalties of up to Rs 10 lakh
From filing the last return to claiming pending TDS, here's how families can manage a parent's tax matters after their passing.