Filing Income Tax Returns (ITR) every year is a cumbersome task for most people. Selecting the right form, filling in the ...

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With ...

From April 1, 2026, the new Income-tax law will replace ‘Assessment Year’ with ‘Tax Year’ to simplify tax filing and ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date ...

New Income Tax Act: A ‘tax year’ is a period of twelve months contained in a financial year. It replaces the term ‘previous year’ used in the Income-tax Act, 1961. With the discontinuance of the use ...

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.