May 17, 2026

ITR

Income tax return.jpg

ITR filing: What are the nuances of new income tax return forms? Top things salaried taxpayers, including cross border employees should know

contact@dailyupdatesindia.com012 mins

With another tax return filing season round the corner, it is pertinent for taxpayers to plan. (AI image) India’s personal tax compliance framework is undergoing a decisive transformation, driven by digitisation, pre-filled data integration, and the introduction of simplified tax regimes by the Indian Income tax department.The Income tax return (ITR) forms for FY 2025–26…

Read More
High court.jpg

Ignorance of tax laws no excuse! Missed filing ITR on time? Why Delhi High Court refused to condone delay in this case

contact@dailyupdatesindia.com06 mins

Delhi High Court has held that ignorance of tax laws, lack of awareness of deductions, or general assertions of hardship do not constitute “genuine hardship”. (AI image) In a significant ruling on the scope of condonation powers under the Income Tax Act, the Delhi High Court has held that ignorance of tax laws, lack of…

Read More
1774955336 unnamed file.jpg

ITR filing AY 2026-27: Income Tax Return forms ITR-1 to ITR-7 notified; key changes, eligibility explained

contact@dailyupdatesindia.com02 mins

The government on March 30, 2026 notified Income Tax Return (ITR) forms ITR-1 to ITR-7 for the assessment year 2026-27, marking the start of the ITR filing season. Individuals, pensioners, professionals and other taxpayers can now file their returns using the applicable forms by July 31, 2026.A key change this year relates to ITR-1 (Sahaj),…

Read More
128614877.jpg

Received an ITR refund email or SMS alert? Income Tax Department has an important warning for taxpayers

contact@dailyupdatesindia.com03 mins

The Income Tax Department has cautioned taxpayers against a surge in refund-related fraud attempts, warning that scammers are exploiting delays and heightened expectations around tax refunds through fake emails, phone calls and SMS messages.In a message posted on X, the department urged taxpayers not to share one-time passwords (OTPs), bank details or personal information in…

Read More
New income tax rules 2026.jpg

New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance – what common taxpayers should know

contact@dailyupdatesindia.com03 mins

New Income Tax Rules 2026 (AI image) New Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial year 2026-27. There are several changes aimed at simplification in tax filing and ease…

Read More
Income tax.jpg

Income Tax department emails rattle taxpayers! Tax refunds, ITR processing on hold over claim mismatches – here’s what’s happening

contact@dailyupdatesindia.com05 mins

The income tax notices suggest that the assessment of income tax returns and the release of refunds have been paused for these categories of taxpayers. (AI image) Income Tax alert! The Income Tax Department is sending emails and SMSes to taxpayers, just ahead of the year-end, alerting them of mismatches in their deduction and exemption…

Read More
Income tax return.jpg

ITR filing: Received ‘nudge’ from Income Tax Department for tax return & refund claims? Here’s what you need to do

contact@dailyupdatesindia.com07 mins

Identified taxpayers are being sent SMS and email under the government’s NUDGE campaign. (AI image) ITR filing FY 2024-25 (AY 2025-26): The Income Tax Department is stepping up scrutiny for tax returns and many taxpayers are getting alerts to check their exemption and deduction claims. The last date to file income tax returns for FY…

Read More
1766565131 unnamed file.jpg

ITR filing: Why are taxpayers getting messages from Income Tax Department on claims? Key FAQs before Dec 31 deadline

contact@dailyupdatesindia.com03 mins

Representative image (AI-generated) The Income Tax Department on Tuesday issued a press release clarifying why several taxpayers have received emails and SMS alerts seeking a review of their tax deduction and exemption claims.The department urged taxpayers to review their deduction and exemption claims for the current assessment year and take corrective steps before the revised…

Read More