Income Tax Updates

The income tax return filing deadline for July 31, 2026, has not been extended for many taxpayers. Those who missed this date must now file a belated return. Some people are exploiting the income-tax return filing deadline by sending fake income tax department notices over WhatsApp and other platforms.
- The Union Budget 2026 has introduced significant procedural reforms in India's income tax compliance framework by staggering the deadlines.
- Cybercriminals are targeting assessees rushing to meet the I-T return filing deadline.
- The All-India CPI-IW for June 2026 increased by 1.1 points and stood at 151.9 points.
For more information, visit the original sources: https://m.economictimes.com/wealth/tax/missed-filing-your-itr-by-july-31-2026-know-your-options-and-heres-what-you-can-do-now/articleshow/132766110.cms and https://www.staffnews.in/2026/08/da-dr-from-july-2026-63-percent-cpi-iw-for-june-2026.html