Additionally, the updated return utilities for AY 2021-22 and 2022-23, which must take into account the Finance Act, 2025, are still pending. These have left several taxpayers in a fix.

Now action is being taken against these identified names. It seems this action is restricted to FY 2018-19, 19-20 and 2020-21 cases (AY 2019-20, 2020- 21 and 2021-22), the circular specified.

Filing ITR 2 for AY 2025–26? Wait for the updated form as schema is pending. Pay pending tax on capital gains to avoid interest under Sections 234B/C. For home loans, claim Rs 30,000 interest ...