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Updated return filing via ITR-1 & ITR-2 now live on income tax portal for AY22 & AY23: What taxpayers should know

The Income Tax Department has now enabled utilities for filing updated income tax returns (ITR-U) in ITR-1 and ITR-2 for the assessment years (AY) 2021-22 and 2022-23 as per Finance Act, 2025. Union ...
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Owning two houses but no rental income: Can you still file ITR-1, or is ITR-2 mandatory?

Hi, my father owns two properties but earns no rental income from either. He has no stock or mutual fund investments and meets all other eligibility criteria for ITR-1. I’m unsure whether owning ...

How To File ITR For The First Time

● If you have business or professional income and you want the old regime, you must file Form 10-IEA within the due date under section 139 (1), as per the Income Tax Department guidance. On the portal ...
The Financial Express

ITR refunds delay: Over 50 lakh taxpayers awaiting return processing; here’s the key reason refunds are stuck

Over 50 lakh income tax returns for AY 2025-26 are still unprocessed, delaying refunds for many taxpayers. Heightened ...

Income Tax Act 2025: 5 things that will change for taxpayers when new laws replace old rules

India's new Income Tax Act, 2025, effective April 1, 2026, aims to simplify tax rules and enhance compliance. Key changes ...

ITR-U cannot be filed if proceedings are initiated against a taxpayer, even when it is unrelated to the income to be disclosed in ITR-U, why Budget 2026 must fix this

ITR-U cannot be filed once case have started, even if they are unrelated to the income disclosed in ITR-U, why Budget 2026 ...