Tax law allows taxpayers to file an Updated ITR within four years from the end of the assessment year if income was omitted ...

No penalty is levied for revising a return, provided the original return was filed on time: ITR Revised Return Guide ...

Taxpayers can correct mistakes in their income tax return by filing a revised return without facing penalties. The deadline ...

Once an intimation under Section 143(1) has been issued, the taxpayer must check whether the intimation is only a processing ...

Accuracy in filing ITR is of utmost importance and the income tax department emphasises on timely, accurate and transparent ...

Worried about filing your returns? Still have questions on how to file your Income Tax Return? Timesnownews.com spoke to ...

As of now, there is no CBDT notification extending the AY 2026-27 filing deadline for individual taxpayers. Therefore, ...

Expanded ITR-1 eligibility allows taxpayers with limited long-term capital gains to avoid filing ITR-2. Taxpayers must ...

The revised ITR-3 form was notified by the Central Board of Direct Taxes (CBDT) on March 30, 2026. One of the biggest changes ...

Taxpayers should retain adequate documentation to substantiate the gift, including a gift deed, proof of the donor's identity and source of funds, and a clear banking trail.

If you sold equity shares, redeemed mutual funds, or sold a property during FY26, you may have capital gains that need to be reported while filing your income tax return this year (AY 2026-27).