What is ITR U? ITR U is a form introduced by the Income Tax Department of India that allows taxpayers to file an Updated Return. If you made a mistake in your original tax return or forgot to report some income, you can correct it using ITR U. This form was introduced under Section 139(8A) of […]
The Indian government has introduced Section 44BBD in the Income-tax Act, which will take effect from April 1, 2026. This section provides special provisions for computing profits and gains of non-residents engaged in providing services or technology for setting up electronics manufacturing facilities or producing electronic goods in India. Key Highlights of Section 44BBD Who
The Finance Bill, 2025 has introduced several amendments to the Income-tax Act, 1961 that will impact taxpayers for Assessment Year (AY) 2026-27 and AY 2025-26. These changes aim to simplify tax provisions, provide relief to taxpayers, and improve compliance. This article provides a clear breakdown of the revised tax slabs, surcharge limits, tax deductions at
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