"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to January 15, 2025, ...

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The Income Tax slab for senior citizens is part of the Indian Income Tax Act and supports their financial stability by ...

Even if your return has been processed and you have received a refund or paid any additional tax that may have been demanded, you can revise your return.

Taxpayers now have the option to submit rectification requests online, even if their Income Tax Returns (ITRs) are under review by the Assessing Officer (AO).

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

The Income Tax Department is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.