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 new law and new forms will come into effect on April 1, 2026, replacing the existing Income Tax Act, 1961. This change will have the potential to make tax filing more digital, easier and clearer ...

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

The Income Tax Act, 2025, approved by Parliament on 12 August, represents the most comprehensive reform of India’s direct tax legislation in more than half a century.

The new Income Tax Bill, 2025, will come into effect from April 1, 2026. It aims to simplify tax compliance and make it more ...

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

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

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

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 ...