The Union Budget 2026-27 introduces several direct tax reforms to make life easier for taxpayers. These changes reduce tax deductions, simplify return filing, help small taxpayers, and remove confusion in rules, aiming to create a stress-free and transparent tax system.
The Income Tax Department has launched a new online feature on the ITR e-filing portal, allowing taxpayers to directly file rectification requests for TP/DRP/Revision Orders. Previously, applications had to be submitted manually or through the Assessing Officer.
Income Tax raids have entered the third day at Shubham Hero Agency linked to businessman Tanmay Modi in Maharajganj. Teams from Delhi are conducting searches across 36 locations in Purvanchal, including vehicle showrooms, rice mills, and liquor units.
ITR-6 also works like other income tax forms. Under the Companies Act 2013, all companies use ITR-6. Companies that claim under section 11 cannot use this form.
You can check the refund status by visiting the income tax website. The Income Tax Department has given taxpayers the ability to track ITR refunds via its official e-filing portal.
The Central Government is planning a major change in the Income Tax Act, which will be part of the upcoming Income Tax Bill 2025. Now, those who earn less than the amount that needs to be taxed won’t have to fill out the full Income Tax Return (ITR)
Dimple Yadav also spoke on Maha Kumbh incident in Prayagraj, demanding that state government should provide the details of all those devotees who lost their lives in the incident. Read further on Dynamite News:
During Finance Minister Nirmala Sitharaman Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class. Read further on Dynamite News:
In her budget speech for 2025, Finance Minister Nirmala Sitharaman made a major announcement on Income Tax. Read further on Dynamite News:
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