The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

Budget 2026 introduces significant changes to income tax filing from April 1, 2026. Revised ITR forms will simplify compliance. The deadline for revised ITR filing moves to March 31. Share buybacks ...

Income Tax Return: Under the new tax regime, the effective threshold may start from Rs 3 lakh for some, but mandatory filing applies if income crosses the exemption.

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...