1don MSN
Budget 2026: Fixing old ITR errors gets costly - late disclosures can go up to 70-80% extra tax
The Budget 2026 introduces significant penalties for correcting past income-tax errors with the updated Income Tax Return (ITR-U) provisions.
For most taxpayers, the real sense of relief after filing an Income Tax Return (ITR) comes only when the refund amount is credited to their bank account. However, in 2025, many taxpayers are still ...
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