With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

India's tax system is progressing towards automated Income Tax Return filing with pre-filled forms and consolidated financial ...

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

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

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and lost tax benefits, missing the ITR deadline makes compliance more ...

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 ...

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With simpler language, consolidated provisions and expanded pre-filled returns, ...

Cleartax annual report for 2025 suggests that tax filers are no longer relying on a single source of earnings. They are ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...