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New Delhi: The Income Tax Department will notify new income‑tax return (ITR) forms and related rules under the streamlined Income Tax Act, 2025, by January, and the updated regulations be effective from April 1, 2026. The updated regulations will mark the transition from the nearly six-decade old Income Tax Act of 1961, multiple reports cited…
The gross collection of Direct Taxes (before adjusting for refunds) for FY 2025-26 stands at Rs 15.35 lakh crore, as against Rs 15.03 lakh crore collected during the same period last year, showing a growth of 2.15 per cent. |Last Updated: Nov 11, 2025, 06:44 PM IST|Source: YEARS Source link [ad_3]
New Delhi: Receiving an income tax notice can make any taxpayer anxious. But in most cases, these notices are triggered by small mistakes — mismatched data, missed income details, or incorrect claims. The good news? You can easily avoid such situations with a few careful steps. Here’s how you can keep your tax record clean…
Mumbai: As the extended deadline for income tax return (ITR) filing ends on Monday, filers are hurrying to comply, with more than 1 crore returns anticipated on the final day. As of now, 6.29 crore returns have been filed for the assessment year (AY) 2025–26. Last year, ITR filings grew 7.5 per cent year-on-year, and…
No news Business Income Tax Return ; Income Tax On Gifts Received On Birthdays And Weddings New Delhi45 minutes ago Copy link Income tax return (ITR) is to be filed for FY 2024-25 (Assessment Year 2025-26) by 15 September. While filing ITR, you need to take care of many things. One of these is to…
New Delhi: The clock is ticking for taxpayers! With less than 10 days left to file Income Tax Returns (ITR) for the assessment year 2025-26, the deadline of September 15 is fast approaching. If you’re planning to file your ITR yourself, here are some important steps to make sure your return is filed correctly. 1….
New Delhi: After filing their Income Tax Return (ITR), many taxpayers eagerly wait for their tax refund—especially if they’ve paid more tax than necessary during the year. Naturally, the big question that follows is: “When will my refund arrive?” Understanding how the refund process works can help ease the wait and ensure there are no…
New Delhi: With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the…
New Delhi: Made a mistake in your ITR? If yes, then you’re not alone. Even careful taxpayers can miss out on reporting income, choose the wrong deductions, or enter incorrect details by accident. The good news is that the Income Tax Department gives you a second chance. You can easily correct these errors by filing…
New Delhi: Missed filing your tax return or made an error in the past few years? Don’t worry there’s good news. The Income Tax Department is now giving taxpayers a chance to fix mistakes or file missed returns for previous years. As announced on July 30, 2025, you can now file Updated Returns for Assessment…