Filed Wrong ITR in 2025? Here’s How to Correct Mistakes Without Paying Penalty Before December 31 The deadline to file Income Tax Returns (ITR) for the financial year 2024–25 (assessment year 2025–26) ...

Taxpayers across the country are increasingly filing incorrect and incomplete ITR forms, this has resulted in triggering ‘defective return’ notices under Section 139(9) of the Income Tax Act over ...

The annual income tax return (ITR) filing exercise is often tedious, as it involves a lot of paperwork, complex forms, rules and often glitches in the annual information statement (AIS) and even ...

ITR filing mistakes: Tax advisory platform Tax Buddy recently highlighted a real-world case study to caution taxpayers about the importance of verifying their Annual Information Statement (AIS) before ...

Understand how the Finance Act, 2025, changes the way you can update past income tax returns—along with the penalties and restrictions involved. The ITR-U form offers a second chance to taxpayers who ...

ITR Filing AY2025-26: With almost a two-month delay, the Income Tax Department has made available two Excel-based offline utilities for ITR-1 and ITR-4, which are applicable basically to individual ...

Sometimes, transactions are delayed due to technical reasons. If you filed your Income Tax Return (ITR) on time and the status shows 'Processed', but the refund hasn't yet been credited to your bank ...

If you’ve been waiting to file your income tax return (ITR) under Form ITR-2, here’s some good news. The Income Tax Department has finally activated ITR-2 for online filing with pre-filled data. That ...