FM Nirmala Sitharaman has announced that senior citizens will now be allowed to submit Form 15H just once through their ...

IRS tax refunds can be delayed for several reasons, including filing errors, identity verification issues, or additional ...

If taxpayers fail to get their accounts audited and do not furnish the audited report, they will have to pay Rs 75,000 for a ...

The Finance Bill, 2026 proposes revised return-filing timelines to give taxpayers more preparation time. Non-audit business taxpayers gain an extended August ...

The Union Budget for financial year 2026–27 has introduced a stricter, more structured framework for income-tax compliance, ...

Budget 2026 made no new changes in income tax slabs, nor did it make any tweak to the new tax regime. However, there have ...

The Finance Bill introduced daily fines and a flat penalty for incorrect crypto disclosures while leaving the existing tax ...

Budget 2026 has changed how ITR deadlines work. Filing dates will now depend on the ITR form used. While salaried taxpayers ...

Taxpayers can now seek immunity even where under-reporting arises from misreporting. This is allowed on payment of additional tax in place of penalty. The move encourages faster dispute ...

Taxpayers can now seek immunity even where under-reporting results from misreporting. Payment of full tax, interest, and additional tax replaces penalty and blocks prosecution. The move encourages ...

The Finance Bill, 2026 introduces targeted reforms to India’s direct tax litigation framework, focusing on reducing the ...

To date, the number of taxpayers who have activated their Coretax accounts at the DGT has reached 12,917,027. This includes ...