Missed reporting income or made errors in your ITR? Taxpayers can still correct mistakes using ITR-U. With March 31 ...

New Income Tax Return forms are now available for Assessment Year 2026-27. The updated ITR-U form allows taxpayers to correct ...

Accordingly, the ITR forms will be aligned with the 1961 law as amended by the Finance Act, 2026. Therefore, taxpayers will continue to see terms like ‘Assessment Year’ and ‘Previous Year’, not ‘Tax ...

ITR-U lets taxpayers correct errors or disclose missed income. March 31 is key; delay increases extra tax liability. Budget ...

Individuals, pensioners, professionals and other taxpayers can start filing their returns using the relevant form, with the ...

Filing your Income Tax Return (ITR) on time is important, but rushing at the last minute often leads to mistakes. If you filed your ITR in a hurry for Assessment Year (AY) 2025–26 and later realized ...

Holding foreign stocks, bank accounts or ESOPs? A small mistake in reporting them in your ITR can lead to a penalty of up to Rs 10 lakh. Here’s why Schedule FA is critical and how to avoid common ...