The Central Board of Direct Taxes (CBDT) has announced an extension for filing Income Tax Returns (ITR) for non-audit taxpayers. For FY 2024–25 (Assessment Year 2025–26), the deadline has been moved ...
India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, from April 1, 2026. This will replace the nearly six-decade-old Income Tax Act ...
New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...