What is ITR-U and How Can It Help You? Filing Income Tax Returns (ITR) correctly and on time is crucial to avoid penalties and notices from the Income Tax Department. However, mistakes can happen. If ...

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

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are met. This amendment, effective April 1, 2026, aims to enhance voluntary ...

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...