Tax Guru

Delayed ITR verification ≠ denial of 80P: ITAT allows deduction

The Tribunal held that delayed verification of an e-filed return is only a procedural lapse. Deduction under Section 80P ...
The Financial Express

Relief for taxpayers: Late ITR filing won’t block tax deduction, rules ITAT in a key case

Mumbai ITAT has ruled that housing societies can claim Section 80P deduction on interest earned from co-operative banks, even ...
India Today on MSN

Income tax return filing: Know the cost of missing the July 31 ITR deadline

Filing your income tax return after July 31 can cost more than you expect. From late fees and interest to delayed refunds and ...

ITR-U filing before March 31: Last chance to update old tax returns and avoid higher penalty

Taxpayers can file ITR-U within 48 months from the end of the relevant assessment year. This means the updated return for ...

ITR-U filing deadline: Last chance to fix errors before March 31

ITR-U lets taxpayers correct errors or disclose missed income. March 31 is key; delay increases extra tax liability. Budget ...

March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late fees

March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late fees ...
The Financial Express

This year, your employer may not issue Form 16 — what you’ll get instead

From new ITR forms to the replacement of Form 16 with Form 130, income tax filing is set to change from April 1, 2026. Here’s ...
Tax Guru

Form 10B Delay Cannot Defeat Charitable Exemption When Report Filed Before Processing

The ITAT held that a 29-day delay in filing Form 10B is a procedural lapse and cannot be the sole basis for denying exemption under Sections 11 and 12. It ruled that substantial compliance and ...