AY 2025-26 can be filed till December 31 2025. Tax expert explains ITR-U helps correct errors but cannot reduce tax or claim refunds.

Filing your Income Tax Return (ITR) can be a complex process, and even the most careful taxpayers can make mistakes — from incorrect income entries to missed deductions. Fortunately, the Income Tax ...

If you missed the deadline to file your Income Tax Return (ITR) or made mistakes in your earlier submission, there’s good news — you still have time to fix it. The Income Tax Department allows ...

The extended four-year window under ITR-U gives taxpayers a chance to fix past errors, but use it wisely, say experts.

In a significant win against the Income-Tax Department, Bollywood actor Aishwarya Rai Bachchan has won a ₹4 crore dispute in ...

Do you have income tax-related queries? Please ask your questions HERE and rediffGURU Mihir Tanna, associate director, S K Patodia and Associates, will Kindly note that this illustration generated ...

Filing is mandatory for all companies and firms (including LLPs), regardless of whether they made a profit or incurred a loss ...

Clubbing provisions under Section 64 will trigger and any income arising to your wife from the assets gifted or acquired from ...

A taxpayer lost all deductions for AY 2024–25 as late ITR e-verification made her return belated, forcing her into the new tax regime. Timely verification is now ...

If you miss the December 31, 2025 deadline of linking PAN with Aadhaar, your PAN card will be deactivated from January 1, 2026. Therefore, don’t let a small step mistake up big financial plans and ...

Additions of unsecured loans were sustained where creditworthiness was not proved, and relief upheld only for creditors who responded to notices under section 133(6) or furnished adequate ...

According to a notification issued by the Central Government on April 3, 2025, every individual who was allotted a PAN using ...