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 ...

If you haven't filed your Income Tax Return (ITR) for the financial year 2024-25 (FY25), there's no need to panic. Even if ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

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 ...

Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadline for revised ITR filing moves to March 31. Share buybacks ...

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

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