To streamline the law, the new bill reduces the number of pages from 823 to 622, removing redundant provisos and explanations ...

At present, there are various deadlines for submitting ITR depending on the category of income taxpayers. Will the new income ...

An updated tax return, filed as per Section 139(8A), permits taxpayers to correct omitted or inaccurate income declarations.

Introduced in Budget 2022, the ITR-U or Updated Income Tax Return is the form that allows you to rectify errors or omissions ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The question arises: Will the new Income Tax Bill 2025 change the deadlines for filing ...

The deadline for filing income tax is a critical factor in tax compliance for all taxpayers. Presently, there are varying ...

Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and ...

Salaried individuals with an annual income of up to Rs 12.75 lakh will have zero tax liability under the new tax regime. But ...

ITR-U is a form that lets taxpayers update their income tax returns if they missed filing the original or belated return or ...

Budget 2025 increased the tax rebate limit under the new regime to ₹12 lakh from FY26. If trends from previous years continue ...

The new bill, which aims to simplify the tax language for common people, will replace the Income Tax Act, 1961.

Budget 2025 extends the period for filing updated income tax returns from 24 months to 48 months. Taxpayers will now face ...