However, the taxpayers who miss the regular deadline for their ITR or make a mistake on a previous one, the Income Tax Department offers them a golden window to do so through the Updated Return or ITR ...

AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance ...

Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...

The government has informed Parliament that more than 24.64 lakh income tax returns have been pending for processing for over ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.

Income tax refund not credited yet? Before you panic, check the latest processing data and the common reasons that may be ...

No interest is payable if the refund amount is less than 10 percent of the tax determined under section 143(1) or pursuant to regular assessment ...

Cash deposits, property deals and investments above set limits are automatically reported to the Income Tax Department under SFT rules ...

The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...

An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account and treated as unexplained investment. The ITAT Mumbai deleted the addition after he ...

The Income Tax Department has cautioned taxpayers against a surge in refund-related fraud attempts, warning that scammers are ...