Income Tax Return Filing 2026–27: New Deadlines and ₹5,000 Penalty Explained
ITR filing rules for AY 2026–27 explained. Check new deadlines, ₹5,000 late fee, reduced penalty for small taxpayers, and belated return dates.
Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITR filing rules for AY 2026–27 explained. Check new deadlines, ₹5,000 late fee, reduced penalty for small taxpayers, and belated return dates.
Yes Bank’s ₹345 crore income tax refund highlights key refund rules for individuals and corporates. Know timelines, CPC deadlines, compliance, and impact.
Income Tax refund rules explained: taxpayers get 6% interest on delayed refunds. Learn how to track refunds via Income Tax portal & NSDL TIN for AY 2025–26.
India’s Income Tax Act 2025 replaces the 1961 law from April 2026. Zero tax up to ₹12 lakh, simpler slabs, no exemptions, and major relief for the middle class.
ITAT rules that survey statements alone cannot justify bogus purchase additions under Section 68. Corroborative evidence is mandatory in tax assessments.