The Government will soon release simplified ITR forms for AY 2026–27, aligned with the new Income-tax Act, 2025. These updated forms aim to make filing easier, reduce compliance burden, and reflect changes expected in Budget 2026. Here’s a quick, clear overview for taxpayers.

This guide clarifies the distinction between the two common income tax refund statuses, "Refund Issued" and "Refund Credited." Learn what each status means, the complete refund timeline, key differences, and how to check your refund status for a smoother tax experience

The new scrutiny guidelines for ITRs (FY 2024-25) provide transparency in the tax department's functioning and bring in a data-driven approach for identifying cases for scrutiny assessment. This blog post demystifies the new scrutiny guidelines for ITRs (FY 2024-25) and provides a comprehensive guide for taxpayers to ensure that they are compliant with the tax laws and avoid any potential scrutiny.