New Income Tax Return forms and rules will be notified by January. These changes will be effective from April 1, 2026, replacing the old Income Tax Act of 1961. The Income Tax Department aims for ...

India is about to witness the biggest overhaul in its income tax system in more than six decades. From April 1 next year, the ...

The I-T department will by January notify the ITR forms and rules under the simplified Income Tax Act, 2025, which will come into effect from next fiscal beginning April 1, Central Board of Direct ...

Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...

Taxpayers will receive the full compliance framework for the revamped Income Tax Act, 2025 by January, with simplified return forms and clearer definitions aimed at easing filings ...

India's Income Tax Act 2025, effective April 1, 2026, simplifies tax compliance, expands the tax base, and modernizes laws by ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

CBDT Chairman stressed that the department aims to make the new forms straightforward, ensuring taxpayers can comply with minimal difficulty under the revised framework.

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Filing Income Tax Returns (ITR) may be ...

Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...