Each taxpayer is supposed to file their income tax return within the time prescribed under section 139(1)/139(4) of the Income Tax Act. However, it may be possible due to any genuine hardship or ...
The Income Tax Act, 2025 replaces the old 1961 law from April 2026, streamlining compliance, revising deadlines, rationalising STT and TCS and introducing key relief measures for taxpayers.
Many taxpayers who have already filed their Income Tax Return (ITR) are now running into an unexpected hurdle: when attempting to file a revised return, details related to Schedule Foreign Assets (FA) ...