India's tax system is progressing towards automated Income Tax Return filing with pre-filled forms and consolidated financial ...

India is progressing towards fully automated Income Tax Return filing. Significant steps have already been taken to simplify ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.

From April 1, 2026, income tax return filing is set to become significantly easier with the new Income-tax Act, 2025. With simpler language, consolidated provisions and expanded pre-filled returns, ...

The Institute of Chartered Accountants of India (ICAI) has proposed introducing optional joint taxation for married couples ...

Resident and Ordinarily Resident (ROR) taxpayers with foreign income face challenges due to the December 31 deadline for revised and belated Indian Income Tax Returns (ITRs). This clashes with ...

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and lost tax benefits, missing the ITR deadline makes compliance more ...

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

Cleartax annual report for 2025 suggests that tax filers are no longer relying on a single source of earnings. They are ...

Under India’s income tax rules, December 31 is the last date to file a revised return or a belated return for a given assessment year. Once this window closes, taxpayers can no longer correct errors, ...