New Delhi: Union Finance Minister Nirmala Sitharaman proposed multiple direct tax measures for TDS, TCS, income tax exemptions, and revised dates for filing returns in her Budget 2026 announcement. 1.
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Income tax refund after revised return deadline: How taxpayers can still claim their money
The deadline for filing revised and belated Income Tax Returns (ITR) ended on December 31, leaving many taxpayers anxious about their pending refunds. A common concern is whether missing this deadline ...
Belated Return (Section 139(4)): Filed when the original deadline is missed. This usually incurs a penalty under Section 234F plus applicable interest. Revised Return (Section 139(5)): Used to fix ...
The government has introduced major changes in income tax forms under the new Income Tax Rules 2026, including the ...
A crucial distinction lies between the Assessment Year (AY) 2026–27 and the tax year 2026–27. Returns to be filed by July 31, 2026 (for non-audit cases) will still be governed by the existing Income ...
Many notices are triggered because income is missed. A careful approach can help you save tax. Plan your income tax at the start of the financial year using common deductions wisely Report all income ...
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