Income Tax return filing has only 17 days left before the extended deadline ends, and less than half of the total expected returns have been filed for the assessment year (AY) 2025-26. According to ...
Overview: Paper tax filing remains an option for taxpayers who prefer reviewing forms and details manually before submitting their return.The process includes d ...
The tax and ITR (Income Tax Return) filing system in India is set to undergo a major transformation starting April 1, 2026. The over-60-year-old system is being replaced by the concept of a "Tax Year, ...
The legal heirs are responsible for filing the return of income from 1st April till the date of death of the deceased and ...
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 ...
The Finance Bill 2026 proposes allowing taxpayers to file an Updated Return even after receiving a reassessment notice under Section 148. This move aims to reduce litigation by enabling voluntary ...
The National Board of Revenue (NBR) is likely to extend the income tax return deadline by another month to March 31, marking the fourth extension this year.
The 2025 income tax return filing deadline is Wednesday, April 15, 2026. Payments and completed municipal income tax returns can be placed in the secure, drive-up drop box in the east curbed island of ...
For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...
Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...