Experts pointed out that the new income tax bill proposed for FY2026-27 would require taxpayers to file their ITR by the due date to claim refunds, unlike the current I-T rules, which allowed for claiming refunds even when taxpayers file belated returns. The I-T department issued clarification in this regard, noting that refund-related provisions will not be changed.
from Tax-Wealth-Economic Times https://ift.tt/aN4JQyD
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