Latest News for: itr

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

The Times of India 17 Feb 2026
... incorrect form selection.Capital gains complexityThe draft rules allow ITR-1 and ITR-4 where long-term capital gains under section 198 don't exceed Rs 1.25 lakh and there are no carry-forward losses.
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Self-reporting of unexplained income in ITR to save 50%: A permanent Voluntary Disclosure of Income ...

The Economic Times 12 Feb 2026
Budget 2026 reshapes taxation of unexplained income ... This creates a compliance-first architecture ... .
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Govt flags backlog of 24.6 lakh ITRs pending beyond 90 days

The Economic Times 10 Feb 2026
More than 24 lakh income tax returns remain unprocessed for over 90 days ... .
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No Change In ITR Forms For AY 2026-27 Despite New Tax Law From April: Report

News18 09 Feb 2026
ITRs for AY 2026-27 will use current forms under the Income Tax Act, 1961, despite the new Income Tax law from April 1, 2026, as per Moneycontrol. Major changes start from 2027 ....
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Draft Income Tax Rules 2026: Simplified ITR Forms, Easier Compliance; What Taxpayers Should Know

News18 08 Feb 2026
The income tax department has released the Draft Income-tax Rules, 2026, to operationalise the Income-tax Act, 2025 ....
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New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance - what common taxpayers should know

The Times of India 07 Feb 2026
New ITR Forms Under Draft Tax RulesThe Central Board of Direct Taxes has also said that the new Income Tax Return (ITR) forms included in the draft income tax rules have been simplified to make compliance easier for taxpayers.
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Extended ITR deadline explained: Who can file till August 31 and who can't

India Today 04 Feb 2026
Extended ITR deadline explained Who can file till August and who cant ... .
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Budget 2026: Immunity from prosecution, fee for late ITR revision — key income tax rule ...

Live Mint 04 Feb 2026
In keeping with the spirit of Jan Vishwas, ease of living, and to reduce the burden of litigation and compliance, Budget 2026 has proposed changes related to the filing of ITR ....
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