Taxpayers may soon see updated Income Tax Return (ITR) forms as the government prepares to implement the new Income Tax framework scheduled to take effect from April 1 this year. The revised forms are ...
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 ...
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 ...
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