● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...

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

As per the Income Tax Department guidelines, it generally takes 4 weeks to 5 weeks to credit a refund to a taxpayers account.

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

ET Wealth Reader's Query: After retiring from a public sector bank, I transitioned to teaching at various MBA institutes in ...

With major tax relief already delivered, Budget 2026 is expected to focus on targeted tweaks rather than sweeping slab changes. Experts say simplification, compliance ease and fiscal discipline, ...

India’s income tax base is undergoing a fundamental transformation, with taxpayers steadily moving away from a single-income, salary-dependent model towards a new generation of multi-income earners.

Taxpayers are looking for meaningful relief as Finance Minister Nirmala Sitharaman presents Budget 2026 on Sunday, February 1 ...

The Supreme Court has taken up the controversy over delayed employees’ PF/ESI deposits, while the High Court upheld ...

The Tribunal held that inadvertent mistakes in filing Form 10AB cannot defeat a trust’s right to exemption. Registration was directed where objects and activities were never ...

As India approaches the Union Budget 2026–27, all eyes are on the Orange Economy, with creators, marketers, and platforms awaiting policies to shape the sector’s next growth phase ...

IIFL Finance shares drop 15% after Income Tax audit directive; founder calls it a standard procedural step amid ongoing assessments.