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ITR Filing: What if my income tax return is verified but not processed? Here's what to do next

ITR Filing: Millions of taxpayers across India are gearing up for the approaching income tax return (ITR) filing deadline, which is 15 September. Filing ITR is only half the job done. Once the ...
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ITR Filing 2025: E-verify your return within 30 days to avoid penalties

For the assessment year 2025-26, Indian taxpayers face an important change after filing their Income Tax Returns (ITR). The Income Tax Department now requires all taxpayers to complete the ...

Draft Income Tax Rules 2026: How ITR forms are evolving - top changes explained

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 ...

Missed ITR for FY25? You can still fix it using updated return

Missed filing your ITR ? The deadline may be over, but the law still gives you a chance to come clean with extra cost. Today's Ask Wallet Wise query decodes how to file the missed return for FY25 The ...
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Section 139(8A) Updated Return (ITR-U): Law as Amended and Practical Implications

Section 139(8A) now permits filing of ITR-U within 48 months from the end of the assessment year. However, it cannot be used to reduce tax liability, claim refunds, or bypass departmental ...