New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.
In her Budget speech, Finance Minister Nirmala Sitharaman announced two major compliance-friendly measures which are staggered ITR filing deadlines and additional time to revise returns.
The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...
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