Experts expect fewer irrelevant disclosures, better system stability and smoother reconciliation with AIS in FY26 returns ...
New Delhi: The government has extended the deadline for revising Income Tax Returns (ITRs) till March 31 of the relevant ...
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Owning two houses but no rental income: Can you still file ITR-1, or is ITR-2 mandatory?
Hi, my father owns two properties but earns no rental income from either. He has no stock or mutual fund investments and meets all other eligibility criteria for ITR-1. I’m unsure whether owning ...
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Income tax return forms to be updated soon: What taxpayers can expect in the new ITR format
The Income Tax Department is expected to release updated Income Tax Return (ITR) forms for the financial year 2025–26 in the ...
One of the key changes proposed is the extension of the revised Income Tax Return (ITR) filing deadline. The FM has proposed to shift the last date for filing revised returns to March 31 from the ...
Budget 2026 overhauls India’s tax system by easing filing timelines, cutting overseas TCS rates, exempting key compensation income and opening a one-time foreign asset disclosure window ahead of the ...
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