AIS analytics now detect non-filers where pension and interest income exist. Voluntary filing through ITR-U helps avoid notices under Sections 142(1) and 148, saving professional costs and compliance ...
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ITR-U: What is it, how filing updated income tax return is helpful – who can submit and who cannot | Explained
However, the taxpayers who miss the regular deadline for their ITR or make a mistake on a previous one, the Income Tax Department offers them a golden window to do so through the Updated Return or ITR ...
New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...
The Finance Bill 2026 proposes allowing taxpayers to file an Updated Return even after receiving a reassessment notice under Section 148. This move aims to reduce litigation by enabling voluntary ...
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Income tax return forms to be updated soon: What taxpayers can expect in the new ITR format
The Income Tax Department is expected to release updated Income Tax Return (ITR) forms for the financial year 2025–26 in the coming weeks. This move comes ahead of the implementation of the new Income ...
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