Accordingly, the ITR forms will be aligned with the 1961 law as amended by the Finance Act, 2026. Therefore, taxpayers will continue to see terms like ‘Assessment Year’ and ‘Previous Year’, not ‘Tax ...
Confused about whether the new Income-tax Act will apply to your ITR filing in 2026? Here’s a simple explanation of what ...
India's tax framework is set for a major overhaul, with the decades-old Income Tax Act, 1961, being replaced by the new ...
India’s new Income Tax Act, 2025, will replace the 1961 law effective April 1, 2026, ushering in significant changes. Key ...
The deadline for filing income tax returns for assessment year 2025-26 was extended to September 15, 2025. Many taxpayers are ...
India’s new Income-tax Act, 2025, effective April 1, 2026, will introduce a major shift in tax documentation by replacing Form 16 with Form 130, while also renaming several other commonly used tax ...
Missed reporting income or made errors in your ITR? Taxpayers can still correct mistakes using ITR-U. With March 31 ...
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ITR-U filing before March 31: Last chance to update old tax returns and avoid higher penalty
Taxpayers can file ITR-U within 48 months from the end of the relevant assessment year. This means the updated return for Assessment Year 2021-22 can be filed only up to March 31, 2026.
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