The Central Board of Direct Taxes (CBDT) has announced an extension for filing Income Tax Returns (ITR) for non-audit taxpayers. For FY 2024–25 (Assessment Year 2025–26), the deadline has been moved ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

Income Tax Department has sped up the process of crediting ITR refunds to taxpayers accounts. These also include high-value refunds. Taxpayers can check the status of their refunds through the ...