With data analytics tightening the tax net, salaried taxpayers are increasingly facing income tax notices over small mismatches flagged through AIS/TIS and NUDGE alerts. Budget 2026 aims to ease this stress by widening correction windows and softening penalties. From March 1, 2026, taxpayers get more time to file revised returns, can submit updated returns even after reassessment notices, and access a revamped immunity framework.
from Tax-Wealth-Economic Times https://ift.tt/tMNPqBI
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