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ITR Filing Due Date: What happens if you miss deadline to file income tax today? ₹5,000 penalty and more

ITR Filing Due Date Extension: The deadline to file your income tax return (ITR) ends today, 15 September, with the income tax department confirming in a post on X that there will be no extension to ...

Updated return: Found omissions after Dec 31? File ITR-U to cut legal risk

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

Missed ITR for FY25? You can still fix it using updated return

Missed filing your ITR ? The deadline may be over, but the law still gives you a chance to come clean with extra cost. Today's Ask Wallet Wise query decodes how to file the missed return for FY25 The ...
Tax Guru

Section 139(8A) Updated Return (ITR-U): Law as Amended and Practical Implications

Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...
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You could fall victim to a scam in the name of ITR filing: One click could empty your bank account! How to protect yourself.

The time of ITR filing is crucial for every taxpayer. People fill out their income, investment, and tax details online. This ...

Budget 2026 brings big relief with revised ITR, updated returns and immunity from prosecution

Budget 2026 brings major relief to taxpayers by allowing revised and updated ITR filing, reduced penalties, and immunity from ...
Mathrubhumi English

Draft tax rules and new ITR forms: Check what it means for taxpayers

India’s income tax system will undergo a major overhaul from April 1, 2026, according to various reports. The Income Tax ...

How does Income Tax Department treat cases where HUF return of income has not been filed?

Missed filing an ITR for HUF income? Today’s Ask Wallet Wise explains why a member has no recourse once the deadline to file a revised ITR has expired. The Ask Wallet-Wise initiative offers expert ...

Income Tax Department releases draft Income-tax Rules, 2026: Simplified forms, easier compliance & other key features explained

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...

New income tax rules 2026: Simpler returns, stricter documentation — Key changes for taxpayers

A major focus of the draft rules is to make income-tax return (ITR) filing simpler under the new law. The government has ...